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Gleam Fabmat Limited IPO (Gleam Fabmat IPO) Detail

Feb 19, 2019 - Feb 22, 2019

Incorporated in 2018, Delhi based Gleam Fabmat Limited is a company engaged in the trading of a wide range of aluminium products such as Aluminium Sheets, Aluminium Coils, Rivets and textiles products.

The Company plans to leverage its promoter networks in the trading community to grow its business. It has expanded its verticals by venturing into Fabric segment. It is also developing a strong team to meet its proposed operational needs.

In the first four months of its operations, the company has posted sales, EBITDA and PAT as Rs. 1,022.22 lakhs, Rs. 30.82 lakhs and Rs. 20.99 lakhs respectively.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-18
Total Assets 1,519.99
Total Revenue 1,022.22
Profit After Tax 20.99

Objects of the Issue

The objectives of the issue are to raise funds for:

1. Working capital requirements- Rs 248.95 lakhs
2. Funding expenditure for General Corporate Purposes- Rs 20.49 lakhs

Gleam Fabmat IPO Details

Gleam Fabmat IPO Date Feb 19, 2019 to Feb 22, 2019
Gleam Fabmat IPO Face Value ₹10 per share
Gleam Fabmat IPO Price ₹10 per share
Gleam Fabmat IPO Lot Size 10000 Shares
Issue Size3,120,000 shares of ₹10
(aggregating up to ₹3.12 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are Anil Kumar Gupta, Amit Gupta and Arun Gupta. They hold 68,85,000 Equity Shares in aggregate, representing 99.81% of the issued, subscribed and paid-up Equity Share capital of the Company.

Gleam Fabmat IPO Timeline (Tentative Timetable)

Gleam Fabmat IPO opens on Feb 19, 2019, and closes on Feb 22, 2019. The Gleam Fabmat IPO bid date is from Feb 19, 2019 10.00 A.M. to Feb 22, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Gleam Fabmat IPO Opening Date Feb 19, 2019
Gleam Fabmat IPO Closing Date Feb 22, 2019
Basis of Allotment Feb 27, 2019
Initiation of Refunds Feb 28, 2019
Credit of Shares to Demat Mar 1, 2019
Gleam Fabmat IPO Listing Date Mar 5, 2019

Gleam Fabmat IPO Lot Size

The Gleam Fabmat 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

Gleam Fabmat IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 68.86%

Gleam Fabmat IPO Review

The company has shown just four months working in offer documents. Based on it the issue is appearing fully priced. LM has average track record. Cash surplus risk savvy investors may consider investment in this offer at their own risk.

Read detail review...


Gleam Fabmat IPO Subscription Status (Bidding Detail)

The Gleam Fabmat IPO is subscribed 1.75 times on Feb 22, 2019 7:49:03 PM. The public issue subscribed 0.76 times in the retail category, times in the QIB category, and 2.74 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.74
Retail0.76
Total1.75

Gleam Fabmat IPO Prospectus

Gleam Fabmat IPO Rating

27
2.9
Rating:Rated 2.9 stars
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Gleam Fabmat IPO Listing Date

Listing Date Tuesday, March 5, 2019
BSE Script Code 542477
NSE Symbol
Listing In
ISIN INE03CM01014
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
₹9.00
₹8.55
₹9.00
₹8.55

Company Contact Information

Gleam Fabmat Limited
5504/15, G/F,
Basti Harpool Singh,
Sadar Bazar, North Delhi - 110 006
Phone: +91 80682 11160
Email: info@gfl.org.in
Website: http://www.gfl.org.in/

Gleam Fabmat IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Gleam Fabmat IPO Review

Gleam Fabmat IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

Gleam Fabmat IPO FAQs

Gleam Fabmat IPO is a SME IPO of 3,120,000 equity shares of the face value of ₹10 aggregating up to ₹3.12 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.

The IPO opens on Feb 19, 2019, and closes on Feb 22, 2019.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Gleam Fabmat IPO opens on Feb 19, 2019 and closes on Feb 22, 2019.

Gleam Fabmat IPO lot size is 10000 Shares and the minimum order quantity is .

You can apply in Gleam Fabmat 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 Gleam Fabmat IPO will be done on Feb 27, 2019, and the allotted shares will be credited to your demat account by Mar 1, 2019. Check the Gleam Fabmat IPO allotment status.

The Gleam Fabmat IPO listing date is on Tuesday, March 5, 2019.
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Gleam Fabmat IPO Message Board

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8 Comments

6. shivani |   Link |Mar 5, 2019 9:22:39 AM
very poor listing
6.1. Small Investor |   Link |Mar 5, 2019 9:49:23 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
next target is 3-5
5. Priyansh Agrawal |   Link |Feb 22, 2019 1:24:47 PM
DEAR Rajkumar you aply in sme
4. traderji |   Link |Feb 22, 2019 12:53:22 PM
It is trap for retail investor
NII subscription is same no improvement.
3. Hiteshji |   Link |Feb 21, 2019 8:12:16 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Avoid....
2. RAJAKUMAR |   Link |Feb 21, 2019 7:48:22 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
Subscription surprised. Last two days subscription whether trap retail or not we can know after the final day only.
2.1. Small Investor |   Link |Feb 21, 2019 10:33:37 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Yes Boss i Agree with You
In Ritco More the 7 lk Buyers against 3lk + Seller
Whats happening ?
Can Retailers Trap ? to see high buyers volume
1. Small Investor |   Link |Feb 16, 2019 11:53:33 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Simply Avoid
its Peer Company
Garv Industries issue 10 and Now around 6.5
Avoid avoid and save Your Hard Money