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 Date | Apr 12, 2018 - Apr 17, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 3,200,000 Eq Shares of ₹10 (aggregating up to ₹3.20 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹10 Per Equity Share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Bid/Offer Opens On | Apr 12, 2018 |
| Bid/Offer Closes On | Apr 17, 2018 |
| Finalisation of Basis of Allotment | Apr 20, 2018 |
| Initiation of Refunds | Apr 23, 2018 |
| Credit of Shares to Demat Acct | Apr 24, 2018 |
| IPO Shares Listing Date | Apr 25, 2018 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
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 |
| Listing Date | Wednesday, April 25, 2018 |
| BSE Script Code | 541276 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE626Z01011 |
| IPO Price | ₹10 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
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 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.
The Garv Industries IPO opens on Apr 12, 2018 and closes on Apr 17, 2018.
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.
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.
Garv Industries IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.
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IPO Guru (1100+ Posts, 1100+ 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 .