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Garv Industries Limited IPO (Garv Industries IPO) Detail

April 12, 2018 - April 17, 2018

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.

Garv Industries IPO Details

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 Size3,200,000 shares
(aggregating up to ₹3.20 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion170,000 shares

Garv Industries IPO Reservation

Garv Industries IPO offers 3,370,000 shares. 1,591,500 (47.23%) to NII, 1,591,500 (47.23%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered170,000 (5.04%)
Other Shares Offered1,591,500 (47.23%)
Retail Shares Offered1,591,500 (47.23%)
Other Shares Offered170,000 (5.04%)
Total Shares Offered3,370,000 (100%)

Garv Industries IPO Timeline (Tentative Schedule)

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

Garv Industries IPO Lot Size

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

About Garv Industries Limited

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.

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue (Garv Industries IPO Objectives)

The Objects of the Issue is to raise funds for:

(a) Working Capital Requirements;
(b) Funding expenditure for General Corporate Purposes

Garv Industries IPO Review (May apply)

[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...


Garv Industries IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other2.17
Retail1.89
Total2.13

Garv Industries IPO Prospectus

Garv Industries IPO Rating

45
3.4
Rating:Rated 3.4 stars
Vote Here ...

Garv Industries IPO Listing Details

Listing Date April 25, 2018
BSE Script Code 541276
NSE Symbol HARDWYN
ISIN INE626Z01011
Final Issue Price ₹10 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹10.00
₹10.00
₹10.30
₹10.00

Check IPO Performance…

Garv Industries Limited Contact Details

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/

Garv Industries IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Garv Industries IPO - Buy or Not

Garv Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Garv Industries IPO FAQs

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.

The Garv Industries IPO listing date is on April 25, 2018.
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Garv Industries IPO Message Board

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16 Comments

14. DIVYANSHS |   Link |  Bookmark |April 30, 2018 1:07:48 PM
aryaman is the most worst lead manager among all

Their 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 .
13. DownriteVJ |   Link |  Bookmark |April 27, 2018 11:00:16 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
9.5

5% down
12. DownriteVJ |   Link |  Bookmark |April 24, 2018 11:45:39 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Listing on 25th
11. IPOANALYSIS |   Link |  Bookmark |April 18, 2018 12:43:04 AM
a similar company ashok metcast which ws also a trader of steel products is now ruling at
8 rs.it was also aryaman issue

stay away from such weak fundamental
10. Dhruv Gandhi |   Link |  Bookmark |April 15, 2018 7:41:11 PM
Subject to?
10.1. DownriteVJ |   Link |  Bookmark |April 16, 2018 6:03:42 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Nil
10.2. TOPS |   Link |  Bookmark |April 17, 2018 6:14:53 PM
Subject to is -10
9. DownriteVJ |   Link |  Bookmark |April 17, 2018 3:09:22 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 1.53X
Overall 1.25X
8. DownriteVJ |   Link |  Bookmark |April 17, 2018 12:07:27 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 1.13X
Overall 1.03X
7. DownriteVJ |   Link |  Bookmark |April 16, 2018 6:02:44 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 0.97X
Overall 0.95X
6. DownriteVJ |   Link |  Bookmark |April 13, 2018 4:54:30 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 0.63X
OVerall 0.64X
5. S T |   Link |  Bookmark |April 13, 2018 9:40:52 AM
Bhagoooooo LM Aryaman aaaa gayaa wapas!!
4. SME TRACK |   Link |  Bookmark |April 13, 2018 8:07:21 AM
SMALL IPO... FILLED 45% ON THE FIRST DAY...AND THAT WITH EQUIVALENT RETAIL INVESTMENT...
POSITIVE ASPECT: 70% STAKE WITH THE PROMOTER...
REVIEW: MUST INVEST IN THE COMPANY
3. DownriteVJ |   Link |  Bookmark |April 12, 2018 3:37:02 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 0.32X
Overall 0.21X
2. IPOANALYSIS |   Link |  Bookmark |April 10, 2018 1:54:29 PM
company has been formed this year only and coming with ipo. hahaha
avoid there is no history.
usually these stocks are operator driven with no fundamentals.
1. lic |   Link |  Bookmark |April 10, 2018 10:06:17 AM
Lorenzili ka bhai