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Garv Industries IPO is a fixed price issue of Rs 3.20 crores.
Garv Industries IPO bidding started from April 12, 2018 and ended on April 17, 2018. The allotment for Garv Industries IPO was finalized on Friday, April 20, 2018. The shares got listed on BSE SME on April 25, 2018.
Garv Industries IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Aryaman Financial Services Limited is the book running lead manager of the Garv Industries IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Garv Industries IPO RHP for detailed information.
| IPO Date | April 12, 2018 to April 17, 2018 |
| Listing Date | April 25, 2018 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 3,200,000 shares (aggregating up to ₹3.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,000,000 |
| Share holding post issue | 10,200,000 |
| Market Maker portion | 170,000 shares |
Garv Industries IPO offers 3,370,000 shares. 1,591,500 (47.23%) to NII, 1,591,500 (47.23%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 170,000 (5.04%) |
| Other Shares Offered | 1,591,500 (47.23%) |
| Retail Shares Offered | 1,591,500 (47.23%) | Other Shares Offered | 170,000 (5.04%) |
| Total Shares Offered | 3,370,000 (100%) |
Garv Industries IPO opens on April 12, 2018, and closes on April 17, 2018.
| IPO Open Date | Thursday, April 12, 2018 |
| IPO Close Date | Tuesday, April 17, 2018 |
| Basis of Allotment | Friday, April 20, 2018 |
| Initiation of Refunds | Monday, April 23, 2018 |
| Credit of Shares to Demat | Tuesday, April 24, 2018 |
| Listing Date | Wednesday, April 25, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 17, 2018 |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
Incorporated in 2017, Delhi based Garv Industries Limited, is engaged in the business of multiproduct trading and distribution of wide range of aluminum and textile products.
The Company deals with a range of products like Aluminum Products viz. Aluminium Sheets/coils/extrusions/grill/ladders/ rolled products and textiles viz. cotton fabrics which have wide-scale applications in both B2B and B2C segments.
The company has 10 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | ||||||
| Total Assets | 1,036.35 | |||||
| Total Revenue | 1,459.18 | |||||
| Profit After Tax | 11.43 | |||||
The Objects of the Issue is to raise funds for:
(a) Working Capital Requirements;
(b) Funding expenditure for General Corporate Purposes
[Dilip Davda]
Although this is an at par offer, only cash surplus risk savvy investors may consider moderate investment for long term at their own risk.
Read detail review...The Garv Industries IPO is subscribed 2.13 times on April 17, 2018 5:00:00 PM. The public issue subscribed 1.89 times in the retail category, times in the QIB category, and 2.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.17 |
| Retail | 1.89 |
| Total | 2.13 |
| Listing Date | April 25, 2018 |
| BSE Script Code | 541276 |
| NSE Symbol | HARDWYN |
| ISIN | INE626Z01011 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹10.00 |
| ₹10.00 |
| ₹10.30 |
| ₹10.00 |
Garv Industries Limited
B - 502, 5th Floor,
Statesman House 147, Barakhamba Road,
New Delhi - 110 001
Phone: +91 - 11 - 2362 9277
Email: info@garvindustries.com
Website: http://www.garvindustries.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Garv Industries IPO is a SME IPO of 3,200,000 equity shares of the face value of ₹10 aggregating up to ₹3.20 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on April 12, 2018, and closes on April 17, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Garv Industries IPO opens on April 12, 2018 and closes on April 17, 2018.
Garv Industries IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Garv Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Garv Industries IPO will be done on Friday, April 20, 2018, and the allotted shares will be credited to your demat account by Tuesday, April 24, 2018. Check the Garv Industries IPO allotment status.
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RHP
IPO Guru (1400+ Posts, 1200+ Likes)
DIVYANSHS| Link | Bookmark |April 30, 2018 2:07:48 PMTheir issue should straight away not be applied.
SEBI should ban them as their trades on the aryaman issues looks like either going lower or uc .