Business Standard

GNA Axles Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

130.41 cr

Price Range (₹)

207

Lot Size

70

Min Investment (₹)

14,490.00

Listing Exchange

MumbaiNSE

Open Date

14-Sept-2016

Close Date

16-Sept-2016

Listing Date

26-Sept-2016

GNA Axles Ltd News

    The Shares of GNA Axles Ltd have now been listed.

    GNA Axles Ltd IPO Details

    Public issue of up to 6,300,000 equity shares of face value of Rs. 10 each (the equity shares) of G N A Axles Limited (the company or the issuer) for cash at a price of Rs. 207 per equity share (including a share premium of Rs. 197 per equity share) aggregating up to Rs. 130.41 crores (issue). The issue comprises of a net issue to the public of up to 6,100,000 equity shares aggregating up to Rs. 126.27 crores (the net issue) and a reservation of 200,000 equity shares aggregating up to Rs. 4.14 crores for subscription by eligible employees (the employee reservation portion). The issue will constitute 29.35% of the post-issue paid-up equity share capital of the company and the net issue will constitute up to 28.42% of the post-issue paid-up equity share capital of the company.The face value of equity shares is Rs. 10 each.The Issue Price : Rs. 207 per equity share of face value of Rs. 10 each.The issue price is 20.70 times of the face value.Anchor Investor issue price: Rs. 207 per equity share.

    Objective of issue

    Purchase of plant and machinery. To meet working capital requirements. General corporate purposes.

    GNA Axles Ltd Contact Details

    GNA Axles Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - gjain@gnagroup.com; info@gnagroup.com

    Website - www.gnagroup.com