The company has fixed a price band of Rs 205-207 per share for the offer which would close on Friday.
The IPO comprises of an issue of up to 63 lakh shares. The net public issue comprises up to 61 lakh shares and an eligible employee reservation portion of up to 2 lakh shares.
GNA Axles yesterday raised around Rs 38 crore from anchor investors by selling shares at Rs 207 apiece.
The company proposes to utilise the net proceeds of the issue for purchase of plant and machinery, to meet working capital requirements and general corporate purposes.
The equity shares of GNA Axles are proposed to be listed on the NSE and BSE.
So far this year, 17 companies have made their stock market debut.
The IPO of L&T Technology Services is currently underway.
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