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GNA Axles IPO Subscription Details (Live Status)

GNA Axles IPO Details

Issue Open Sep 14, 2016
Issue Close Sep 16, 2016
IPO Price ₹207
Face Value ₹10
IPO Size ₹130.41 Cr
Listing At BSE, NSE
IPO Lot Size 70
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GNA Axles IPO Subscription Status Live

GNA Axles IPO subscribed 54.88 times. The public issue subscribed 11.84 times in the retail category, 17.18 times in QIB, and 217.47 times in the NII category by Sep 16, 2016.

Investor CategorySubscription (times)
Qualified Institutions17.18
Non-Institutional Buyers217.47
Retail Investors11.84
Employees0.31
Others[.]
Total54.88

GNA Axles IPO Subscription Details (times)

DateQIBNIIRetailEMPTotal
Day 1
Sep 14, 2016
0.001.520.670.170.64
Day 2
Sep 15, 2016
0.792.152.850.272.03
Day 3
Sep 16, 2016
17.18217.4711.840.3154.88

GNA Axles IPO Shares Offered

GNA Axles IPO is a public issue of 4,470,000 equity shares. The issue offers 2,135,000 shares to retail investors, 1,220,000 shares to qualified institutional buyers, and 915,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr)
QIB1,220,00025.25
NII915,00018.94
Retail2,135,00044.19
Employee200,0004.14
Total4,470,00092.53

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

GNA Axles IPO Subscription FAQs

The GNA Axles IPO is subscribed 54.88 by Sep 16, 2016.

GNA Axles IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional17.18
Non Institutional217.47
Retail Individual11.84
Employee Reservations0.31
Others[.]
Total Subscription54.88

Retail category of GNA Axles IPO subscribed 11.84 times as of date Sep 16, 2016. The public issue closes on Sep 16, 2016 for bidding.

An investor can apply in GNA Axles IPO online via bank (using ASBA) or the broker (using UPI). The GNA Axles IPO shares are offered online only.

The GNA Axles IPO is subscribed 54.88 by Sep 16, 2016.

The GNA Axles IPO allotment status is expected on or around Sep 21, 2016. Visit GNA Axles IPO allotment status to check.

The GNA Axles IPO listing date is Monday, September 26, 2016. The equity share of G N A Axles Ltd will list on BSE, NSE.

Visit GNA Axles IPO subscription status page for real-time bidding information about GNA Axles IPO.

GNA Axles IPO Timetable

IPO Opens OnSep 14, 2016
IPO Closes OnSep 16, 2016
Finalisation of Basis of AllotmentSep 21, 2016
Initiation of RefundsSep 22, 2016
Credit of Shares to Demat AccountSep 23, 2016
IPO Listing DateSep 26, 2016