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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 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 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 Size3,200,000 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 Tentative Timetable

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

Garv Industries IPO Lot Size

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

Garv Industries IPO Review

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...


Garv Industries IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII2.17
Retail1.89
Total2.13

Garv Industries IPO Prospectus

Garv Industries IPO Rating

45
3.4
Rating:Rated 3.4 stars
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Garv Industries IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹10.00
₹10.00
₹10.00
₹10.30
₹10.00

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

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/

Garv Industries IPO Review

Garv Industries IPO Recommendation Summary

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Members 0 0 0

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Garv Industries IPO FAQs

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.

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

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16 Comments

14. DIVYANSHS |   Link |Apr 30, 2018 2:07:48 PM
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 |   Link |Apr 27, 2018 12:00:16 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
9.5

5% down
12. DownriteVJ |   Link |Apr 24, 2018 12:45:39 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Listing on 25th
11. IPOANALYSIS |   Link |Apr 18, 2018 1:43:04 AM
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
10. Dhruv Gandhi |   Link |Apr 15, 2018 8:41:11 PM
Subject to?
10.1. DownriteVJ |   Link |Apr 16, 2018 7:03:42 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Nil
10.2. TOPS |   Link |Apr 17, 2018 7:14:53 PM
Subject to is -10
9. DownriteVJ |   Link |Apr 17, 2018 4:09:22 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 1.53X
Overall 1.25X
8. DownriteVJ |   Link |Apr 17, 2018 1:07:27 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 1.13X
Overall 1.03X
7. DownriteVJ |   Link |Apr 16, 2018 7:02:44 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 0.97X
Overall 0.95X
6. DownriteVJ |   Link |Apr 13, 2018 5:54:30 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 0.63X
OVerall 0.64X
5. S T |   Link |Apr 13, 2018 10:40:52 AM
Bhagoooooo LM Aryaman aaaa gayaa wapas!!
4. SME TRACK |   Link |Apr 13, 2018 9:07:21 AM
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
3. DownriteVJ |   Link |Apr 12, 2018 4:37:02 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 0.32X
Overall 0.21X
2. IPOANALYSIS |   Link |Apr 10, 2018 2:54:29 PM
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 |   Link |Apr 10, 2018 11:06:17 AM
Lorenzili ka bhai