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GNA Axles IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 130.41 Cr. The company is based in Jalandhar and caters to Engineering - Automotive sector. Ambit , Pnb Investment Services are the merchant bankers of GNA Axles IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 26th September 2015.
GNA Axles IPO open date is 14th September 2016 and close date is 16th September 2016. IPO Allotment Date is 21st September 2016 and Listing date is 26th September 2016.
IPO
Size:
₹ 130.41 Cr.
Avg IPO Size (Sector Based)
: ₹
1,039.79 cr.
Sector: Engineering - Automotive
IPO so far:
7
Merchant Banker:
Ambit Private
IPO by BRLM so far:
16
City:
Jalandhar
IPO so far:
3
Revenue (annualised):
₹
0.00
cr. 
PE
Ratio:
17.00x
Average Sector PE Ratio: 26.79x
GNA Axles IPO size is ₹ 130.41 Cr. with IPO price of ₹ 207.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Ambit Private Limited is the book-running lead manager of the GNA Axles IPO. Link Intime India Private Limited is the Registrar for GNA Axles IPO.
GNA Axles IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
GNA Axles IPO, based in Jalandhar, operates in the Engineering - Automotive sector with a focus on manufacturers of rear axle shafts used in on-highway and off-highway vehicular segments. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. GNA Axles IPO size is ₹ 130.41 Cr. with fresh issue size of ₹ 130 and Offer for sale being ₹ Nil
The IPO allotment date for GNA Axles IPO is expected to be 21st September 2016, after the finalization of basis of allotment. Investors can check GNA Axles IPO allotment status on the registrars website, Link Intime India Private Limited . GNA Axles IPO refund dates are 22nd September 2016.
GNA Axles IPO is expected to be listed on 26th September 2016.
The upper price band for the GNA Axles IPO is set at ₹ 207.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on GNA Axles IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the GNA Axles IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 16th September 2016. After submission, funds are blocked until the basis of allotment of GNA Axles IPO is finalised.
The merchant banker for GNA Axles IPO is Ambit Private Limited , Pnb Investment Services Limited . Ambit Private Limited , Pnb Investment Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the GNA Axles IPO RHP for further details.
The registrar for GNA Axles IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to GNA Axles IPO through their official website or helpline.
GNA Axles IPO was subscribed 54.88 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 130.41 Cr.
Avg IPO Size (Sector Based)
:
₹ 1,039.79 Cr.
Sector: Engineering - Automotive
IPO so far:
7
Merchant Banker:
Ambit Private
IPO by BRLM so far:
16
City:
Jalandhar
IPO so far:
3
Revenue (annualised):
₹ 508.94 cr.
PE
Ratio:
17.00x
Average Sector PE Ratio: 26.79x
GNA Axles IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on GNA Axles Financial Review Page
Merchant Banker(s) of GNA Axles IPO: Ambit Private Limited , Pnb Investment Services Limited
GNA Axles IPO subscription was 54.88 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
GNA Axles IPO listed at a listing price of 245.15 against the offer price of 207.00.
The current market price of GNA Axles is 338.55.
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