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Garv Industries Limited IPO (Garv Industries IPO) Detail

Apr 12, 2018 - Apr 17, 2018

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 Promoters:

The Promoters of the company are Mr. Rishu Agarwal, Mrs. Daya Bansal, and R S Services Private Limited (RSSPL). RSSPL was incorporated in 1989 and the company was taken over by Mr. Rishu Agarwal and Mrs. Daya Bansal in the year 2010. The current Promoters and Promoter Group holds 100.00% equity shares of this company.

RSSPL currently holds 69,95,800 Equity Shares of Garv Industries which constitutes 99.94% of the Pre-Issue paid up capital of the company.

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:

The Objects of the Issue is to raise funds for:

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

Garv Industries IPO Details

IPO DateApr 12, 2018 - Apr 17, 2018
Issue TypeFixed Price Issue IPO
Issue Size3,200,000 Eq Shares of ₹10
(aggregating up to ₹3.20 Cr)
Face Value₹10 Per Equity Share
IPO Price₹10 Per Equity Share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtBSE SME

Garv Industries IPO Tentative Date / Timetable

Bid/Offer Opens OnApr 12, 2018
Bid/Offer Closes OnApr 17, 2018
Finalisation of Basis of AllotmentApr 20, 2018
Initiation of RefundsApr 23, 2018
Credit of Shares to Demat AcctApr 24, 2018
IPO Shares Listing DateApr 25, 2018

Garv Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum110000₹100,000
Maximum220000₹200,000

Garv Industries IPO Subscription Status (Bidding Detail)

Garv Industries IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,591,500

1,591,500

3,030,000

Apr 17, 2018 17:00

2.17x

1.89x

2.13x

Garv Industries IPO Prospectus

Garv Industries IPO Rating

45
3.4
Rating:Rated 3.4 stars

Vote Here ...

Garv Industries IPO Listing Date

Listing DateWednesday, April 25, 2018
BSE Script Code541276
NSE Symbol
Listing InMT
ISININE626Z01011
IPO Price₹10 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹10.00
₹10.00
₹10.00
₹10.30
₹10.00
880,000

Garv Industries IPO Reviews / Ratings

Company Contact Information

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
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Garv Industries IPO FAQs

  1. 1. What is Garv Industries IPO?

    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 price of the IPO is ₹10 Per Equity Share. The minimum order quantity is 10000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Apr 12, 2018 and closes on Apr 17, 2018.

    Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. 2. When Garv Industries IPO will open?

    The Garv Industries IPO opens on Apr 12, 2018 and closes on Apr 17, 2018.

  3. 3. How to apply for Garv Industries IPO?

    Garv Industries IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Garv Industries IPO allotment?

    The finalization of Basis of Allotment for Garv Industries IPO will be done on Apr 20, 2018, and the allotted shares will be credited to your demat account by Apr 24, 2018. Check the Garv Industries IPO allotment status.

  5. 5. When is Garv Industries IPO listing date?

    The Garv Industries IPO listing date is on Wednesday, April 25, 2018, at BSE SME.
  6. 6. What is the lot size of Garv Industries IPO?

    Garv Industries IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

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Garv Industries IPO Review / Comments

DIVYANSHS
14. DIVYANSHS  Apr 30, 2018 14:07
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 .
DownriteVJ
13. DownriteVJ  Apr 27, 2018 12:00
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
9.5

5% down
DownriteVJ
12. DownriteVJ  Apr 24, 2018 12:45
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Listing on 25th
IPOANALYSIS
11. IPOANALYSIS  Apr 18, 2018 01:43
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
Dhruv Gandhi
10. Dhruv Gandhi  Apr 15, 2018 20:41
Subject to?
DownriteVJ
10.1. DownriteVJ  Apr 16, 2018 19:03
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Nil
TOPS
10.2. TOPS  Apr 17, 2018 19:14
Subject to is -10
DownriteVJ
9. DownriteVJ  Apr 17, 2018 16:09
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Retail 1.53X
Overall 1.25X
DownriteVJ
8. DownriteVJ  Apr 17, 2018 13:07
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Retail 1.13X
Overall 1.03X
DownriteVJ
7. DownriteVJ  Apr 16, 2018 19:02
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Retail 0.97X
Overall 0.95X
DownriteVJ
6. DownriteVJ  Apr 13, 2018 17:54
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Retail 0.63X
OVerall 0.64X
S T
5. S T  Apr 13, 2018 10:40
Bhagoooooo LM Aryaman aaaa gayaa wapas!!
SME TRACK
4. SME TRACK  Apr 13, 2018 09:07
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
DownriteVJ
3. DownriteVJ  Apr 12, 2018 16:37
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Retail 0.32X
Overall 0.21X
IPOANALYSIS
2. IPOANALYSIS  Apr 10, 2018 14:54
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.
lic
1. lic  Apr 10, 2018 11:06
Lorenzili ka bhai



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