FREE Account Opening + No Clearing Fees

G N A Axles Ltd IPO (GNA Axles IPO) Detail

September 14, 2016 - September 16, 2016

GNA Axles IPO is a book built issue of Rs 130.41 crores. The issue is entirely a fresh issue of 0.63 crore shares.

GNA Axles IPO bidding started from September 14, 2016 and ended on September 16, 2016. The allotment for GNA Axles IPO was finalized on Wednesday, September 21, 2016. The shares got listed on BSE, NSE on September 26, 2016.

GNA Axles IPO price band is set at ₹205 to ₹207 per share. The minimum lot size for an application is 70 Shares. The minimum amount of investment required by retail investors is ₹14,490.

Ambit Private Limited and Pnb Investment Services Ltd are the book running lead managers of the GNA Axles IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to GNA Axles IPO RHP for detailed information.

GNA Axles IPO Details

IPO Date September 14, 2016 to September 16, 2016
Listing Date September 26, 2016
Face Value ₹10 per share
Price Band ₹205 to ₹207 per share
Lot Size 70 Shares
Total Issue Size6,300,000 shares
(aggregating up to ₹130.41 Cr)
Fresh Issue6,300,000 shares
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

GNA Axles IPO Reservation

GNA Axles IPO offers 4,470,000 shares. 1,220,000 (27.29%) to QIB, 915,000 (20.47%) to NII, 2,135,000 (47.76%) to RII, 200,000 (4.47%) to employees. 30,500 RIIs will receive minimum 70 shares and (sNII) and (bNII) will receive minimum 980 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,220,000 (27.29%)NA
NII (HNI) Shares Offered915,000 (20.47%)
Retail Shares Offered2,135,000 (47.76%)30,500
Employee Shares Offered200,000 (4.47%)NA
Total Shares Offered4,470,000 (100%)

GNA Axles IPO Timeline (Tentative Schedule)

GNA Axles IPO opens on September 14, 2016, and closes on September 16, 2016.

IPO Open Date Wednesday, September 14, 2016
IPO Close Date Friday, September 16, 2016
Basis of Allotment Wednesday, September 21, 2016
Initiation of Refunds Thursday, September 22, 2016
Credit of Shares to Demat Friday, September 23, 2016
Listing Date Monday, September 26, 2016
Cut-off time for UPI mandate confirmation 5 PM on September 16, 2016

GNA Axles IPO Lot Size

Investors can bid for a minimum of 70 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 70 ₹14,490
Retail (Max) 13 910 ₹188,370
Lot Size Calculator

About G N A Axles Ltd

Incorporate in 1993, G N A Axles Ltd is Punjab based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. Company mainly engaged in manufactures and sells auto components for the four-wheeler industry. Information in this paragraph is provided by, India's No. 1 IPO Investment Portal. GNA Axles made over 2.26 million components in 2016.

GNA Axles has broad customer base for both the on-highway and off-highway segments and their customers are based in India and overseas. The company manufactures and supplies a range of rear axle shafts, other shafts, and spindles for the on-highway segment vehicles, including light commercial vehicles, medium commercial vehicles, and heavy commercial vehicles, as well as other transport vehicles, such as buses. It also offers a range of rear axle shafts and other shafts for the off-highway segment, which include agricultural tractors and machinery, forestry and construction equipment, electric carts, and other specialty vehicles used in mining and defense sectors. Visit for more detail. In Fiscal 2016, GNA Axles domestic sales and export sales constituted 45.29% and 54.71% of revenue.

GNA Axles exports their products to various countries, including the United States, Sweden, Turkey, Brazil, Italy, Germany, Spain, Mexico, Japan, the United Kingdom, France, China, and Australia. They have two manufacturing facilities: Unit I located in village Mehtiana, district Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district Kapurthala, Punjab. Both of its manufacturing facilities are ISO/TS 16949:2009 certified for manufacture of rear axle shafts, other shafts and spindles for automotive applications.

Competitive Strengths
1. Among the Leading Manufacturers of Axle Shafts in India
2. Diverse Product Range of Axle Shafts and Spindles
3. Strong Long Term Customer Relationships and Diversified Customer Base
4. Manufacturing Facilities with Large Capacity and Modern Machinery
5. Experienced Management and Skilled Employee Base
6. Strong Engineering, Product Development and Technological Capabilities
7. Sustained Financial Performance and Strong Financial Position

Company Financials

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 4,465.32 4,264.62 3,818.51 3,178.77 2,674.52
Total Revenue 5,089.43 4,306.44 4,042.48 3,490.51 3,986.66
Profit After Tax (PAT) 259.56 215.98 132.65 48.14 169.34

Objects of the Issue (GNA Axles IPO Objectives)

The object of the issue are to:

1. Purchase of plant and machinery;
2. To meet working capital requirements; and
3. General corporate purposes.

GNA Axles IPO Review (Apply)

[Dilip Davda]  Listing of the company will be in T group and hence speculative movement is ruled out. However, considering its niche play with rising top and bottom line and major thrust on exports, long term investors may consider investment in this issue. Read detail review...

GNA Axles IPO Subscription Status (Bidding Detail)

The GNA Axles IPO is subscribed 54.88 times on September 16, 2016 7:00:00 PM. The public issue subscribed 11.84 times in the retail category, 17.18 times in the QIB category, and 217.47 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

GNA Axles IPO Prospectus

GNA Axles IPO Rating

Rating:Rated 4.2 stars
Vote Here ...

GNA Axles IPO Listing Details

Listing Date September 26, 2016
BSE Script Code 540124
NSE Symbol GNA
ISIN INE934S01014
Final Issue Price ₹207 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

G N A Axles Ltd Contact Details

G N A Axles Ltd
GNA House, 1-C, Chhoti Baradari - Part II,
Garha Road, Opposite Medical College,
Jalandhar 144 001
Phone: 0181 4630 477

GNA Axles IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

GNA Axles IPO - Buy or Not

GNA Axles IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 8 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews


GNA Axles IPO is a main-board IPO of 6,300,000 equity shares of the face value of ₹10 aggregating up to ₹130.41 Crores. The issue is priced at ₹205 to ₹207 per share. The minimum order quantity is 70 Shares.

The IPO opens on September 14, 2016, and closes on September 16, 2016.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The GNA Axles IPO opens on September 14, 2016 and closes on September 16, 2016.

GNA Axles IPO lot size is 70 Shares, and the minimum amount required is ₹14,490.

You can apply in GNA Axles 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 GNA Axles IPO will be done on Wednesday, September 21, 2016, and the allotted shares will be credited to your demat account by Friday, September 23, 2016. Check the GNA Axles IPO allotment status.

The GNA Axles IPO listing date is on September 26, 2016.
Open an Instant Account with Zerodha

GNA Axles IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



376. M. K. Agarwal |   Link |  Bookmark |December 1, 2016 11:12:12 AM
Is it right tym ti buy gan as its come from 175/- to 208/- in last 5 trading session.
375. shrikrishnaoza |   Link |  Bookmark |October 13, 2016 12:23:31 PM
Dear Experts,

Please share your views whether to sell this now or hold.


374. Eagleye |   Link |  Bookmark |October 8, 2016 9:47:05 AM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)

IPO Price: 207/-
Current Price: 269/-

IPO was for 63.00L shares
Out of which 18.30L shares allotted to Anchor
So only 44.70L shares are free float for 30 days

Already, 45.7L shares have been marked for delivery in the last 10 trading sessions

Key Dates:

Moves out of T2T into B group wef Monday, 10th Oct
Anchor unlocking wef 24th October
374.1. kingsuper |   Link |  Bookmark |October 8, 2016 11:12:30 AM
Mam your side target pls
374.2. SHAR KHAN |   Link |  Bookmark |October 14, 2016 10:33:51 PM
373. navneetkgoel |   Link |  Bookmark |October 7, 2016 3:12:28 PM
Upper circuit ..
372. Akhu |   Link |  Bookmark |October 6, 2016 10:12:46 PM
Gna short term target 300
371. navneetkgoel |   Link |  Bookmark |October 6, 2016 12:53:17 PM
One shot buy of 40000 shares of Gna at NSE .. 20% gain from current rates expected in my view. It may hit upper circuit today,
370. IPO Bird |   Link |  Bookmark |October 5, 2016 11:15:10 PM
Welcome Eagje Eye. Pl. guide whether to buy after 10 th Oct.
369. Eagleye |   Link |  Bookmark |October 5, 2016 7:59:06 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)

IPO was for 63.00L shares
Out of which 18.30L shares allotted to Anchor
So only 44.70L shares are free float for 30 days

Already, 40L shares have been marked for delivery in the last 8 trading sessions

Key Dates:

Moves out of T2T into B group wef 10th Oct
Anchor unlocking wef 24th October
369.7. kingsuper |   Link |  Bookmark |October 6, 2016 5:44:49 PM
Eagleye what is the target for diwali
369.8. shailu |   Link |  Bookmark |October 8, 2016 12:02:42 AM
I have 140 share so what should I do after 10 Oct for maximum profit for covering of loss of ipl.
368. lalit pareek JODHPUR CHB |   Link |  Bookmark |October 5, 2016 4:53:08 PM
367. gamble |   Link |  Bookmark |October 5, 2016 12:10:22 PM (1600+ Posts, 3900+ Likes)
G n a at it''s high 261 once again one can book profit and buy later.
367.1. navneetkgoel |   Link |  Bookmark |October 5, 2016 12:51:05 PM
Donot sell GNA and dont regret later ..
366. MADMAX |   Link |  Bookmark |October 4, 2016 6:02:56 PM
I want to for how many days it will be in BE series i e in T-segment ? any body know the answer ?
366.1. Yogesh |   Link |  Bookmark |October 4, 2016 8:29:50 PM
Till 10th Oct..
365. navneetkgoel |   Link |  Bookmark |October 4, 2016 5:29:15 PM
Buy GNA target Rs 360-400
364. Audit view |   Link |  Bookmark |October 2, 2016 9:12:19 AM

Pls tell the caps of IPL, axeles, endu, hpl, l&t
363. Audit view |   Link |  Bookmark |October 2, 2016 9:09:57 AM
What is the meaning of upper cap and lower cap(limit) for share. How it is diside. How can we see these limit and where we can see these limit for share.
362. suraj purohit |   Link |  Bookmark |September 30, 2016 7:13:55 PM
Any view of this stock future movement.
361. KHS |   Link |  Bookmark |September 29, 2016 10:16:12 AM
Yaa.. @Gamble,
Please give ur view on GNA and Precam..
360. Sunil Patel |   Link |  Bookmark |September 28, 2016 7:09:29 PM (400+ Posts, 200+ Likes)
Hi Gamble,

Do you have any target for GNA. Your call was very correct yesterday !!!
359. gamble |   Link |  Bookmark |September 28, 2016 9:13:19 AM (1600+ Posts, 3900+ Likes)
If GNA in red today can strt accumulation.

171.1. gamble Sep 26, 2016 10:08:44 AM IST
G N A Axles Ltd IPO

Sold @258.5. Will convert equivalent pre cam share.
359.1. gamble |   Link |  Bookmark |September 28, 2016 5:39:42 PM (1600+ Posts, 3900+ Likes)
If u bought @230/31(in red) u can sell tommo.almost up 4%.
358. ravimatta |   Link |  Bookmark |September 27, 2016 7:46:53 PM
can anyone give information about axn axles ,when will TT be abolished
358.1. kingsuper |   Link |  Bookmark |September 27, 2016 11:00:02 PM
On 10th of october
357. venkatesh |   Link |  Bookmark |September 27, 2016 2:46:24 PM
I brought 100 @ 248, what is the suggestion in this
357.4. SHAR KHAN |   Link |  Bookmark |September 28, 2016 7:47:02 PM
271-275 FEW DAYS
357.5. venkatesh |   Link |  Bookmark |October 5, 2016 12:39:13 PM
Thank you to all