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G N A Axles Ltd IPO (GNA Axles IPO) Detail

Sep 14, 2016 - Sep 16, 2016

Incorporate in 1993, G N A Axles Ltd is Punjab based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. Company mainly engaged in manufactures and sells auto components for the four-wheeler industry. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal. GNA Axles made over 2.26 million components in 2016.

GNA Axles has broad customer base for both the on-highway and off-highway segments and their customers are based in India and overseas. The company manufactures and supplies a range of rear axle shafts, other shafts, and spindles for the on-highway segment vehicles, including light commercial vehicles, medium commercial vehicles, and heavy commercial vehicles, as well as other transport vehicles, such as buses. It also offers a range of rear axle shafts and other shafts for the off-highway segment, which include agricultural tractors and machinery, forestry and construction equipment, electric carts, and other specialty vehicles used in mining and defense sectors. Visit chittorgarh.com for more detail. In Fiscal 2016, GNA Axles domestic sales and export sales constituted 45.29% and 54.71% of revenue.

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. They have two manufacturing facilities: Unit I located in village Mehtiana, district Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district Kapurthala, Punjab. Both of its manufacturing facilities are ISO/TS 16949:2009 certified for manufacture of rear axle shafts, other shafts and spindles for automotive applications.

Competitive Strengths
1. Among the Leading Manufacturers of Axle Shafts in India
2. Diverse Product Range of Axle Shafts and Spindles
3. Strong Long Term Customer Relationships and Diversified Customer Base
4. Manufacturing Facilities with Large Capacity and Modern Machinery
5. Experienced Management and Skilled Employee Base
6. Strong Engineering, Product Development and Technological Capabilities
7. Sustained Financial Performance and Strong Financial Position

Company Promoters:

The Promoters of the company are:

1. Jasvinder Singh Seehra
2. Ranbir Singh
3. Gurdeep Singh

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 4,465.32 4,264.62 3,818.51 3,178.77 2,674.52
Total Revenue 5,089.43 4,306.44 4,042.48 3,490.51 3,986.66
Profit After Tax (PAT) 259.56 215.98 132.65 48.14 169.34

Objects of the Issue:

The object of the issue are to:

1. Purchase of plant and machinery;
2. To meet working capital requirements; and
3. General corporate purposes.

Issue Detail:

  »»  Issue Open: Sep 14, 2016 - Sep 16, 2016
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 6,300,000 Equity Shares of Rs 10 aggregating up to Rs 130.41 Cr
    ›  Fresh Issue of 6,300,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 205 - Rs 207 Per Equity Share
  »»  Market Lot: 70 Shares
  »»  Minimum Order Quantity: 70 Shares
  »»  Listing At: BSE, NSE

GNA Axles IPO Reviews:

  1. G N A Axles Ltd IPO review by Dilip Davda

GNA Axles IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved1,220,000915,0002,135,000200,0004,470,000
Day 1 - Sep 14, 2016 17:00 IST0.00001.52000.67000.17000.6400
Day 2 - Sep 15, 2016 17:00 IST0.79002.15002.85000.27002.0300
Day 3 - Sep 16, 2016 19:00 IST17.1800217.470011.84000.310054.8800

GNA Axles IPO Prospectus

GNA Axles IPO Rating

712
4.2
Rating:Rated 4.2 stars

Vote Here ...

GNA Axles IPO Listing Date

  •   ›  Listing Date: Monday, September 26, 2016
  •   ›  BSE Script Code: 540124
  •   ›  NSE Symbol: GNA
  •   ›  Listing In: 'T' Group of Securities
  •   ›  ISIN: INE934S01014
  •   ›  Issue Price: Rs 207 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 207.00
Rs 248.50
Rs 242.20
Rs 260.00
Rs 245.15
592,505
NSE
Rs 207.00
Rs 252.00
Rs 242.20
Rs 261.80
Rs 245.05
1,520,649

GNA Axles IPO News Alerts

  1. Monday, September 26, 2016 12:00:00 AM
    G N A Axles Ltd IPO - Listing
  2. Thursday, September 22, 2016 12:00:00 AM
    G N A Axles Ltd IPO - Allotment
  3. Friday, September 16, 2016 12:00:00 AM
    G N A Axles Ltd IPO - Close
  4. Wednesday, September 14, 2016 12:00:00 AM
    G N A Axles Ltd IPO - Open

Company Contact Information

G N A Axles Ltd
GNA House, 1-C, Chhoti Baradari - Part II,
Garha Road, Opposite Medical College,
Jalandhar 144 001
Phone: 0181 4630 477
Fax: 0181 4630 477
Email: gjain@gnagroup.com
Website: http://www.gnagroup.com

GNA Axles IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: gna.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

GNA Axles IPO Lead Manager(s)

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GNA Axles IPO Review / Comments

avatar
376. M. K. Agarwal  Dec 1, 2016 12:12:12 PM IST I Like It. | Report Abuse
Is it right tym ti buy gan as its come from 175/- to 208/- in last 5 trading session.
avatar
375. shrikrishnaoza  Oct 13, 2016 1:23:31 PM IST I Like It. | Report Abuse
Dear Experts,

Please share your views whether to sell this now or hold.

Thanks,

Shrikrishna
avatar
374. Eagleye  Oct 8, 2016 10:47:05 AM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (4600+ Posts, 13600+ Likes)
GNA Axle IPO:

IPO Price: 207/-
Current Price: 269/-

IPO was for 63.00L shares
Out of which 18.30L shares allotted to Anchor
So only 44.70L shares are free float for 30 days

Already, 45.7L shares have been marked for delivery in the last 10 trading sessions

Key Dates:

Moves out of T2T into B group wef Monday, 10th Oct
Anchor unlocking wef 24th October
avatar
374.1. kingsuper  Oct 8, 2016 12:12:30 PM IST I Like It. | Report Abuse
Mam your side target pls
avatar
374.2. SHAR KHAN  Oct 14, 2016 11:33:51 PM IST I Like It. | Report Abuse
GNA TARGET PRICE ?
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373. navneetkgoel  Oct 7, 2016 4:12:28 PM IST I Like It. | Report Abuse
Upper circuit ..
avatar
372. Akhu  Oct 6, 2016 11:12:46 PM IST I Like It. | Report Abuse
Gna short term target 300
avatar
371. navneetkgoel  Oct 6, 2016 1:53:17 PM IST I Like It. | Report Abuse
One shot buy of 40000 shares of Gna at NSE .. 20% gain from current rates expected in my view. It may hit upper circuit today,
avatar
370. IPO Bird  Oct 6, 2016 12:15:10 AM IST I Like It. | Report Abuse
Welcome Eagje Eye. Pl. guide whether to buy after 10 th Oct.
avatar
369. Eagleye  Oct 5, 2016 8:59:06 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (4600+ Posts, 13600+ Likes)
GNA Axle IPO:

IPO was for 63.00L shares
Out of which 18.30L shares allotted to Anchor
So only 44.70L shares are free float for 30 days

Already, 40L shares have been marked for delivery in the last 8 trading sessions

Key Dates:

Moves out of T2T into B group wef 10th Oct
Anchor unlocking wef 24th October
avatar
369.7. kingsuper  Oct 6, 2016 6:44:49 PM IST I Like It. | Report Abuse
Eagleye what is the target for diwali
avatar
369.8. shailu  Oct 8, 2016 1:02:42 AM IST I Like It. | Report Abuse
I have 140 share so what should I do after 10 Oct for maximum profit for covering of loss of ipl.
avatar
368. lalit pareek JODHPUR CHB  Oct 5, 2016 5:53:08 PM IST I Like It. | Report Abuse
INVESTERS I COMMENT ON 14 SEPT WHICH TRUE
RBL>GNA>ICICI
avatar
367. gamble  Oct 5, 2016 1:10:22 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
G n a at it''s high 261 once again one can book profit and buy later.
avatar
367.1. navneetkgoel  Oct 5, 2016 1:51:05 PM IST I Like It. | Report Abuse
Donot sell GNA and dont regret later ..
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366. MADMAX  Oct 4, 2016 7:02:56 PM IST I Like It. | Report Abuse
I want to for how many days it will be in BE series i e in T-segment ? any body know the answer ?
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366.1. Yogesh  Oct 4, 2016 9:29:50 PM IST I Like It. | Report Abuse
Till 10th Oct..
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365. navneetkgoel  Oct 4, 2016 6:29:15 PM IST I Like It. | Report Abuse
Buy GNA target Rs 360-400
avatar
364. Audit view  Oct 2, 2016 10:12:19 AM IST I Like It. | Report Abuse


Pls tell the caps of IPL, axeles, endu, hpl, l&t
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363. Audit view  Oct 2, 2016 10:09:57 AM IST I Like It. | Report Abuse
What is the meaning of upper cap and lower cap(limit) for share. How it is diside. How can we see these limit and where we can see these limit for share.
avatar
362. suraj purohit  Sep 30, 2016 8:13:55 PM IST I Like It. | Report Abuse
Any view of this stock future movement.
avatar
361. KHS  Sep 29, 2016 11:16:12 AM IST I Like It. | Report Abuse
Yaa.. @Gamble,
Please give ur view on GNA and Precam..
avatar
360. Sunil Patel  Sep 28, 2016 8:09:29 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Hi Gamble,

Do you have any target for GNA. Your call was very correct yesterday !!!
avatar
359. gamble  Sep 28, 2016 10:13:19 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
If GNA in red today ..one can strt accumulation.


171.1. gamble Sep 26, 2016 10:08:44 AM IST
G N A Axles Ltd IPO

Sold @258.5. Will convert equivalent pre cam share.
avatar
359.1. gamble  Sep 28, 2016 6:39:42 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
If u bought @230/31(in red) u can sell tommo.almost up 4%.
avatar
358. ravimatta  Sep 27, 2016 8:46:53 PM IST I Like It. | Report Abuse
can anyone give information about axn axles ,when will TT be abolished
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358.1. kingsuper  Sep 28, 2016 12:00:02 AM IST I Like It. | Report Abuse
On 10th of october
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357. venkatesh  Sep 27, 2016 3:46:24 PM IST I Like It. | Report Abuse
I brought 100 @ 248, what is the suggestion in this
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357.4. SHAR KHAN  Sep 28, 2016 8:47:02 PM IST I Like It. | Report Abuse
HOLD IT.
DONT SELL
271-275 FEW DAYS
avatar
357.5. venkatesh  Oct 5, 2016 1:39:13 PM IST I Like It. | Report Abuse
Thank you to all
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