G N A Axles Ltd IPO Message Board (Page 17)

G N A AXLES LIMITED
Bid/Issue Programme
BID/ISSUE OPENS ON September 14, 2016, Wednesday(1)
BID/ISSUE CLOSES ON September 16, 2016, Friday

Finalisation of Basis of Allotment with the Designated Stock Exchange
On or about September 21, 2016

Initiation of refunds (if any, for Anchor Investors)/unblocking of funds from ASBA Account
On or about September 22, 2016

Credit of Equity Shares to demat accounts of Allottees
On or about September 23, 2016

Commencement of trading of the Equity Shares on the Stock Exchanges
On or about September 26, 2016

I applied asba through sbi for previous ipo lti and rbl bank // applied with full scale but not alloted even a single share........ i applied on 1st day of issue..... Somebody said that applying at last day last hour would be a chance to allot...... Plz share such experience if any.

This is your negative thing
Allotments by machine coding system

Mr. GOUTAM
DO NOT GO ON RUMOUR.IT IS TOTALLY ON LUCK.IT DOES NOT MATTER WHETHER YOU ARE APPLYIMG ON FIRST DAY OR LAST DAY LAST HOUR. TRY TO FILL BETTER IPO ALWAYS .YOU WILL GET IN FUTURE.

Alltment date n lisfing date please ?

Writing this after a long time and first of all Warm welcome back to Septa Sir.
Please advise if GNA & LnT are worth applying?

GMP???

Allotment date and
listing date ?

if not alloted can i use fund for ICICI PRU

Please inform

You can not use GNA Refunds for ICICI. See the tentative date below.
Initiation of refunds usually late than the estimated date September 22, 2016. And last day to apply for ICICI is September 21, 2016.

An indicative timetable in respect of the Offer: (Refer Page No 319 of RHP)

Bid/Offer Opens On: September 14, 2016
Bid/Offer Closes On: September 16, 2016
Finalisation of Basis of Allotment: On or about September 21, 2016
Initiation of refunds: On or about September 22, 2016
Credit of Equity Shares to demat accounts: September 23, 2016
Commencement of trading of the Equity Shares: September 26, 2016

GNA Axles is making auto parts like axle shafts, spindles. Financial no.s looks OK to me. Company is showing steady growth and profit since last 3 years.
EPS is Rs. 12. Company is asking 17 times of EPS.

If we compare P/E of peers - Talbros available at P/E of 15.35.
Axle is a small part and it''s hard to find exact listed peers. There is nothing wrong if we compare this with other parts manufacturing companies like Automotive Axles, Federal-Mogul, Motherson Sumi, Precision Camshafts, Lumax etc. All other companies available at P/E - range of 14 to 32 depending on their financial situation.

All auto parts companies are trading at almost high of last 2 -3 years. This is because of overall boom in auto industry. Yesterday I got news that Icahn is going to increase stack in Federal-Mogul. This is also a good sign. Overall auto industry is making good progress all over the world.

GNA is asking 17 times of eps. Not much high. Chances are more for making money than loosing money at listing. There is no doubt about subscription of this IPO. This IPO will oversubscribed in all categories.

If you are able to take little risk then apply. US Fed meeting is scheduled for 21st and 22nd this month. If Fed goes for rate hike then we will see little down trend in world markets for few days. This will affect listing of GNA on 26th or 27th September.

Many auto ancillary companies generated not only money but wealth for investors like LUMAX Industries. Precision Camshaft has different problem of good governance. You will find more on precision camshaft from my analysis on it''s ipo page.

Please me tell who to calculate pe ratio
And its use

Hi all,
There are three IPO''''s coming in the next couple of weeks and was little bit confused about Funds allocation.
If we apply for L&T and GNA Axels, if not allocated will the funds get un blocked by 21st so that I can apply for ICICI Pru IPO

Nikhla you can use the funds.

Talbros eng. Up 8% trading @pe of 17.8.

Now G N A is better in all parameter( only pe was more before)...!!

Btw JK bank zooms...12% intraday ...still anyone holding ??

Just bought indigo @873 will see if some gain in short term. SL puts @859

This IPO is of T group so there will be no GMP

What is post ipo book value and roce of gna axles ltd ?

Have heard that whole Issue is being marketed by Ambit and they have done a fabulous job on the institutional marketing .... also since they have not spent money to activate forms trading in Ahd/rajkot hence you will not see GMP ...

#GNAAxle
About Company: GNA Axle was incorporated in 1993 in jalandhar and is engaged in making rear shaft axle and spindle for OEM and tier I manufacturers. GNA is among the leading manufacturers of axle shaft in india. GNA''''''''s exports of 2016 contributed around 54% of its total revenue.
GNA is coming out with fresh equity of 63 lakh shares, which is 29.35% of post issue paid up equity capital, at 207 price band. It is asking for a market cap of 444 cr. GNA has 2 manufacturing unit in punjab. Full promoter held company. Net proceeds from the issue will be used to
- purchase of plant and machinery
- working capital requirements.
It manufactured 2.26 million units of components in FY16.
Financials: Net worth of the company for FY16 is 136.1 cr.
NAV for the company for FY16 is 89.75. Its revenues grew from 430 cr to 508 cr at a growth of 19% from FY2015 to FY2016.
Net profit grew at 20% from 21.5 cr to 25.9 cr.
D/E ratio declined from 1.35 in FY15 to 0.95 in FY16
it has a consolidated debt of 130 cr.
Now EPS of FY16 after dilution of shares comes at 12.1
Therefore it is asking for a PE of 17.1 based on FY16 numbers.
RONW for the company is 18.75
EV/EBITDA is around 7
EV/Sales is 1.1
P/ B is 2.3
Now auto ancillary in this segment is trading at 15-16 PE trailing FY16.
EBIDTA margin is 16.26 is very healthy and PAT margin
is also 5 which is also healthy comparing with its peers.
Now compare with its competitors talbros engineering
Talbros Engineering-
EPS of 13.26 for FY16 makes a PE of 16.2.
RONW is 13%.
NAV is 141.
EV/EBIDTA is 5.5
P/B is 1.5....
EBIDTA margin is 9% very less than GnA axle
PAT margin too is 2.3%
Automotive Axle (not exactly comparable) -
Revenue 1087 cr
PAT of 34.7 cr in FY16
EPS of 23 which makes a PE of 32 for fy16. Even If I take a EPS of 32 for FY17 than PE comes 23.3 at a price of todays closing of 745.
PAT margin is 3.2
RONW is 10.63
EBIDTA margin is 9% which is again less than gna axle
EV/ EBIDTA is 11 and
EV/Sales is 1.1.
Considering all this with a topline of 508 cr it is rightly priced.

Can any body compare GNA AXELLS With AUTOMOTIVE AXLE?

PE, EPS , etc

Price comparison?

ipo apply kaise karte hain bank se online kya kya bharna hota hai,,,,,,,,,,

Open bank account in SBI and you can directly apply on IPO online

98 96 86 76 66 contact me IPO kaise apply karte hai

BSE (Bombay Stock Exchange) to soon file IPO papers with SEBI !

Source : Economic Times News

YOU THING DEAR INVESTOR

WHY G N A ALXES LTD. IPO BEFOR ICICI PRUDENCIAL

WHENEVER ICICI IPO NEWS IN MARKET BEFOR G N A LTD

lalit pareek chb jodhpur

icici prudencial>g n a alxes>l&t technology service

my views please replay this gain ratio

Hi Lalit
I m also from jodhpur
& I m also apply for this IPO

Hi Lalit
I m also from jodhpur
& I m also apply for this IPO

GNA Axles exports their products to various countries, including the United States, Sweden, Turkey, Brazil, Italy, Germany, Spain, Mexico, Japan, the United Kingdom, France, China, and Australia.
GOOD SALES AND PROFIT WILL BE
I EXCITED TO THIS IPO FOR APPLYING

Reject don''t apply..Till the time, No visibility for GMP or Kostak.