G N A Axles Ltd IPO Message Board (Page 12)

@3pm
QIB: 10.14
NII: 51.92
RII: 8.00
Employee: 0.31
Total: 17.23

now 20 times

Very good subscription. Numbers increasing very rapidly.

talbros jumped closed to 15% today IMO GNA Axles will have very good listing best of luck to all

Septa sir ,
You are right....
Ye mehul or shalu jaise log don''t know even ABCD of investment and tried to show like investment professor.....
Logon ko pata h ki inki share market knowledge ka status zero nahi balki negative h.... ...
I also request admin to block shalu ......

One more thing , sir I m thinking for crownlifters ..... As per report of mint , issue is fairly priced with PE of 10 plus although no peer is available to it ....

@Septa, will it be considered OFS, as it is a fresh issue of shares?

AT 3:14 PM

Q = 10.01X
H = 52.45X
R = 8.1X
E = 0.3X

WOW...........HNI CROSS 50X

Wow
QIB - 14
HNI - 57

QIB ---- More than 9 times
HNI ------ More than 31 times
Retail --- Nearly 8 times

Reasonably good response.

The chances of listing Gain are very high.

AT 3:00 PM

Q = 9.01X
H = 33.45X
R = 7.85X
E = 0.3X

31.5 time in NII now

GMP?????

GMP???

Good afternoon . i applied for this IPO today through icici bank site . cut off time mentioned at 3 pm today . is there any alternative way to apply IPO''s at late evening based on subscriptions ? . please guide me .

Axis bank up-to 3 Pm
Just now applied in 2 accounts

HDFC Bank didn''t show the GNA at 3:05 pm.

One thing is sure people visiting this forum is very high in numbers. Lot of them are just regular visitor to check if issue is Good or bad. They don''t write a single word.

Most known and the best forum in India.

Thank you .

SUNILBHAI KYA LAG RAHAHE NOW

Luck person will get the allotment :) :) :)

Let hope I''m also the one. After a long time applying to an IPO without sell in Gray market.

AT 2:40 PM

Q = 9.01X
H = 3.97X
R = 6.94X
E = 0.3X

retails seems to cross more than 8.x. Only luck person will get the allotment.

gr8 subscription

KR Choksey The IPO is fairly priced to its nearest peer (Talbros Automotive Components), KR Choksey says. Given the improving export share, revival in domestic demand and implementation of BS norms, it advises investors to subscribe the IPO and remain invested in GNA''s long term story.

Ajcon Global At the upper end of the price band of Rs 207, the IPO is cheaply valued, said Ajcon Global which recommends subscribing the issue. The company has witnessed a topline CAGR of 13 percent over the period FY13-16. In the same period, EBITDA has registered a decent CAGR of 23 percent to Rs 82.8 crore in FY16. PAT has seen impressive CAGR of 75 percent over FY13-16. In Fiscal 2016, GNA Axles domestic sales and export sales constituted 45.29 percent and 54.71 percent of revenue. Established in 1993, the company is engaged in manufacturing and supplying a diverse range of rear axle shafts, other shafts and spindles for the on-highway segment (commercial vehicles and other transport vehicles) and the off-highway segment (agricultural tractors and machinery, forestry and construction equipments etc). Its customers primarily include original equipment manufacturers such as Mahindra & Mahindra, John Deere, Tractors and Farm Equipment, and tier-1 suppliers to OEMs such as Automotive Axles, Meritor HVS AB and Dana. The company has two manufacturing facilities both located in Punjab with a total annual capacity of 2.30 million rear axle shafts, 0.4 million other shafts and 0.3 million spindles.

Nirmal Bang On the valuation front, Nirmal Bang believes the issue is reasonably priced in comparison to its peers. It recommends subscribing to the issue for listing as well as long term gains. Emkay Equity Advisory GNA has consistently maintained its profitability and robust margin profile, due to strong operations and focus on profitable customers, said Emkay, which believes high dependence on commercial vehicle segment, lack of product diversification and recent slowdown in North American class 8 market (around 46 percent of export market) would be major concerns for earnings. It also believes future valuation upgrades will be dependent on balance sheet, cash flow and quality of earnings improvement.

GEPL Capital
GNA Axles stands to gain from operating leverage and also rise in the on highway side and off highway side business, GEPL feels. At a P/E of 12.1x, it believes that GNA is at a discount to its domestic peers. It assigns a subscribe rating to the IPO.

ICICIdirect ICICIdirect believes GNA has a decent business model (strong customer base & diversified revenue) and financial performance. However, it believes the company is fairly valued at the IPO price.

IT IS GOOD OR AVERAGE FRIEND ????

Where is eagle eye come back

Khotu lagyu che eemne nai aave...

9.01 QIB IN NSE IPO DETAILS CURRENT

Motilal Oswal

Motilal Oswal believes the IPO offers listing gains, given its leadership position in manufacturing of axle shafts in India; diverse product range of axle shafts and spindles; strong long term customer relationships & diversified customer base; experienced Management & skilled employee base; strong engineering, product development & technological capabilities; and attractive financial performance. The valuations at the offer price are at a around 10 percent discount to the valuation of Talbros Engineering (the only comparable peer in the listed space). However, GNA Axles has a superior financial profile compared to Talbros Engineering with FY16 margin of 16.4 percent (versus Talbros''s 8.4 percent), return on capital employed-ROCE of 22.6 percent (versus 15.7 percent) and return on equity-ROE of 18.8 percent (versus 9.9 percent). Moreover, the commercial vehicle sales are expected to grow over the next five years on improvement in industrial activity and the government''s focus on infrastructure project execution. Implementation of GST and good monsoons will also support the company''s growth going ahead.

How to we know my ipo online application successful submitted or not.. Plz tell

You can check you application number on bse/nse site

Bse link

http://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_new.aspx?Scripcode=1249

Nse link

https://www.nseindia.com/products/content/equities/ipos/ipo_current_gna.htm

For NSE click on nse bid details