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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.
| 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 Date | Apr 12, 2018 to Apr 17, 2018 |
| Listing Date | Wednesday, April 25, 2018 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Issue Size | 3,200,000 shares of ₹10 (aggregating up to ₹3.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| 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. |
Garv Industries IPO opens on Apr 12, 2018, and closes on Apr 17, 2018. The Garv Industries IPO bid date is from Apr 12, 2018 10.00 A.M. to Apr 17, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 12, 2018 |
| Closing Date | Apr 17, 2018 |
| Basis of Allotment | Apr 20, 2018 |
| Initiation of Refunds | Apr 23, 2018 |
| Credit of Shares to Demat | Apr 24, 2018 |
| Listing Date | Apr 25, 2018 |
The Garv Industries IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 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 Apr 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 | HARDWYN |
| Listing In | MT Group of Securities |
| ISIN | INE626Z01011 |
| IPO Price | ₹10 per share |
| Face Value | ₹10 per 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: 02228511022
Email: virenr@skylinerta.com
Website: https://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 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 .
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 .