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)
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 Opening DateApr 12, 2018
IPO Closing DateApr 17, 2018
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹10 per equity share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtBSE SME
Issue Size3,200,000 Eq Shares of ₹10
(aggregating up to ₹3.20 Cr)

Garv Industries IPO Tentative Timetable

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 DateApr 12, 2018
IPO Close DateApr 17, 2018
Basis of Allotment DateApr 20, 2018
Initiation of RefundsApr 23, 2018
Credit of Shares to Demat AccountApr 24, 2018
IPO Listing DateApr 25, 2018

Garv Industries IPO Lot Size

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).

ApplicationLotsSharesAmount (Cut-off)

Garv Industries IPO Subscription Status (Bidding Detail)

The Garv Industries IPO is subscribed 2.13x times on Apr 17, 2018 17:00. The public issue subscribed 1.89x in the retail category, in the QIB category, and 2.17x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription






Garv Industries IPO Prospectus

Garv Industries IPO Rating

Rating:Rated 3.4 stars

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Garv Industries IPO Listing Date

Listing DateWednesday, April 25, 2018
BSE Script Code541276
NSE Symbol
Listing InMT Group of Securities
IPO Price₹10 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

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

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

Garv Industries IPO FAQs

  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 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.

  2. When Garv Industries IPO will open?

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

  3. 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.

  4. How to apply for Garv Industries IPO?

    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.

  5. 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.

  6. When is Garv Industries IPO listing date?

    The Garv Industries IPO listing date is on Wednesday, April 25, 2018.

Garv Industries IPO Message Board

Ranked Members  Ranked Members

14. DIVYANSHS |Apr 30, 2018 13:07
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 .
13. DownriteVJ |Apr 27, 2018 11:00
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)

5% down
12. DownriteVJ |Apr 24, 2018 11:45
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Listing on 25th
11. IPOANALYSIS |Apr 18, 2018 00:43
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
a similar company ashok metcast which ws also a trader of steel products is now ruling at
8 was also aryaman issue

stay away from such weak fundamental
10. Dhruv Gandhi |Apr 15, 2018 19:41
Subject to?
10.1. DownriteVJ |Apr 16, 2018 18:03
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
10.2. TOPS |Apr 17, 2018 18:14
Subject to is -10
9. DownriteVJ |Apr 17, 2018 15:09
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Retail 1.53X
Overall 1.25X
8. DownriteVJ |Apr 17, 2018 12:07
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Retail 1.13X
Overall 1.03X
7. DownriteVJ |Apr 16, 2018 18:02
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Retail 0.97X
Overall 0.95X
6. DownriteVJ |Apr 13, 2018 16:54
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Retail 0.63X
OVerall 0.64X
5. S T |Apr 13, 2018 09:40
Bhagoooooo LM Aryaman aaaa gayaa wapas!!
4. SME TRACK |Apr 13, 2018 08:07
3. DownriteVJ |Apr 12, 2018 15:37
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Retail 0.32X
Overall 0.21X
2. IPOANALYSIS |Apr 10, 2018 13:54
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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.
1. lic |Apr 10, 2018 10:06
Lorenzili ka bhai


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