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.
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
The Promoters of the company are:
1. Jasvinder Singh Seehra
2. Ranbir Singh
3. Gurdeep Singh
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||259.56||215.98||132.65||48.14||169.34|
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 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 Subscription Status tells if GNA Axles IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. GNA Axles IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||1,220,000||915,000||2,135,000||200,000||4,470,000|
|Day 1 - Sep 14, 2016 17:00 IST||0.0000||1.5200||0.6700||0.1700||0.6400|
|Day 2 - Sep 15, 2016 17:00 IST||0.7900||2.1500||2.8500||0.2700||2.0300|
|Day 3 - Sep 16, 2016 19:00 IST||17.1800||217.4700||11.8400||0.3100||54.8800|
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