The Garv Industries date has been confirmed from April 12, 2018 and ended on April 17, 2018.
Garv Industries Developers IPO is a fixed price issue of Rs 3.20 crores. The 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.
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Bidding Dates
April 12-17
Price Range
₹10 per share
Face Value
₹10 per share
GMP
₹39.90
Garv Industries IPO GMP
The Garv Industries IPO GMP is ₹39.90.
IPO Overview
Garv Industries’ initial public offering (IPO) has a set price of Rs 3.20 crores. Garv Industries initial public offering (IPO) bidding began on April 12, 2018 and completed on April 17, 2018. Garv Industries’ initial public offering (IPO) allocation was completed on Friday, April 20, 2018. On April 25, 2018, the shares were listed on the BSE SME.
The IPO price for Garv Industries is ₹10 per share. An application’s minimum lot size is 10000 Shares. Retail investors must make a minimum commitment of ₹100,000. The company has 10 employees on its payroll.
Garv Industries IPO Details
| IPO Date | April 12, 2018 to April 17, 2018 |
| Listing Date | April 25, 2018 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 3,200,000 shares (aggregating up to ₹3.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 170,000 shares |
Garv Industries Company Financials
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | ||||||
| Total Assets | 1,036.35 | |||||
| Total Revenue | 1,459.18 | |||||
| Profit After Tax | 11.43 | |||||
Garv Industries IPO Timeline
| IPO Open Date | Thursday, April 12, 2018 |
| IPO Close Date | Tuesday, April 17, 2018 |
| Basis of Allotment | Friday, April 20, 2018 |
| Initiation of Refunds | Monday, April 23, 2018 |
| Credit of Shares to Demat | Tuesday, April 24, 2018 |
| Listing Date | Wednesday, April 25, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 17, 2018 |
Company Profile
Garv Industries Limited, situated in Delhi, was founded in 2017 and is engaged in the multiproduct trade and distribution of a wide range of aluminium and textile products. The company sells a variety of products, including aluminium sheets/coils/extrusions/grill/ladders/rolled products and cotton fabrics, which have a wide range of uses in both B2B and B2C markets.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | virenr@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Garv Industries Limited |
| Phone number | +91 – 11 – 2362 9277 |
| Email ID | info@garvindustries.com |
| Website | garvindustries.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
