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Gleam Fabmat IPO is a fixed price issue of Rs 3.12 crores.
Gleam Fabmat IPO bidding started from February 19, 2019 and ended on February 22, 2019. The allotment for Gleam Fabmat IPO was finalized on Wednesday, February 27, 2019. The shares got listed on BSE SME on March 5, 2019.
Gleam Fabmat IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Aryaman Financial Services Limited is the book running lead manager of the Gleam Fabmat IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Gleam Fabmat IPO RHP for detailed information.
| IPO Date | February 19, 2019 to February 22, 2019 |
| Listing Date | March 5, 2019 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 3,120,000 shares (aggregating up to ₹3.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 160,000 shares |
Gleam Fabmat IPO offers 3,120,000 shares. 1,480,000 (47.44%) to NII, 1,480,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 160,000 (5.13%) |
| Other Shares Offered | 1,480,000 (47.44%) |
| Retail Shares Offered | 1,480,000 (47.44%) |
| Total Shares Offered | 3,120,000 (100%) |
Gleam Fabmat IPO opens on February 19, 2019, and closes on February 22, 2019.
| IPO Open Date | Tuesday, February 19, 2019 |
| IPO Close Date | Friday, February 22, 2019 |
| Basis of Allotment | Wednesday, February 27, 2019 |
| Initiation of Refunds | Thursday, February 28, 2019 |
| Credit of Shares to Demat | Friday, March 1, 2019 |
| Listing Date | Tuesday, March 5, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 22, 2019 |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
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.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 68.86% |
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.
| 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 | |||||
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
[Dilip Davda]
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...The Gleam Fabmat IPO is subscribed 1.75 times on February 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)
| Category | Subscription (times) |
|---|---|
| Other | 2.74 |
| Retail | 0.76 |
| Total | 1.75 |
| Listing Date | March 5, 2019 |
| BSE Script Code | 542477 |
| NSE Symbol | |
| ISIN | INE03CM01014 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹9.00 |
| ₹8.55 |
| ₹9.00 |
| ₹8.55 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
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 February 19, 2019, and closes on February 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 February 19, 2019 and closes on February 22, 2019.
Gleam Fabmat IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Gleam Fabmat IPO will be done on Wednesday, February 27, 2019, and the allotted shares will be credited to your demat account by Friday, March 1, 2019. Check the Gleam Fabmat IPO allotment status.
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