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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.
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.
| 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 | |||||
The Objects of the Issue is to raise funds for:
(a) Working Capital Requirements;
(b) Funding expenditure for General Corporate Purposes
| IPO Opening Date | Apr 12, 2018 |
| IPO Closing Date | Apr 17, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 3,200,000 Eq Shares of ₹10 (aggregating up to ₹3.20 Cr) |
The Garv Industries IPO open date is Apr 12, 2018, and the close date is Apr 17, 2018. The issue may list on Apr 25, 2018.
| IPO Open Date | Apr 12, 2018 |
| IPO Close Date | Apr 17, 2018 |
| Basis of Allotment Date | Apr 20, 2018 |
| Initiation of Refunds | Apr 23, 2018 |
| Credit of Shares to Demat Account | Apr 24, 2018 |
| IPO Listing Date | Apr 25, 2018 |
The Garv Industries IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
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...The Garv Industries IPO is subscribed 2.13 times on 4/17/2018 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)
| Category | Subscription (times) |
|---|---|
| NII | 2.17 |
| Retail | 1.89 |
| Total | 2.13 |
| Listing Date | Wednesday, April 25, 2018 |
| BSE Script Code | 541276 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE626Z01011 |
| IPO Price | ₹10 per equity share |
| Face Value | ₹10 per equity share |
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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/
Skyline Financial Services Private Ltd
Phone: +91 - 11 - 2681
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com
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 equity share. The minimum order quantity is 10000 Shares.
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.
The Garv Industries IPO opens on Apr 12, 2018 and closes on Apr 17, 2018.
Garv Industries IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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IPO Guru (1300+ Posts, 1200+ Likes)
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 .