GNA Axles IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 14/09 - 16/09
Issue Size ₹130.4 Cr
Issue Price ₹205 - 207
Market Lot 70 Shares
Shares on Offer 6,300,000
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date 26-Sep
Listing Price ₹252
Listing Gain% 21.74

About GNA Axles Ltd IPO

1947, GNA came into being in the village Bundala, District Jalandhar, in the Indian state of Punjab. It was the year that India Attained freedom. And in the years that have followed, GNA has added its mite to the endeavour of nation-building. Today, GNA is a name that has made its presence felt in the world of auto-parts, with values like integrity, commitment, dedication and latest state-of-art technology.

GNA's biggest asset is its people. A pool of highly trained and highly motivated workforce of over 2500. Managed by a team of professional managers who are second to none.

GNA has one of the largest integrated plants of its kind in the subcontinent of Asia. With an annual turnover exceeding $105 Million coming from 3 divisions GNA Axles Ltd (Axles Division), GNA Duraparts (Gears Division) and GNA Udyog Ltd (Propeller Shafts Division). GNA group is on a fast track towards growth and globalization. The company has a large customer base covering different sectors of the automotive industry and a diversified product range.

These plants are equipped with sophisticated facilities covering every aspect of auto parts production right from forging to heat treatment and machining. There are 8 horizontal upset forging machines with capabilities ranging from 2.5 inches to 13 inches.

GNA Axles Ltd. has a large variety of Axle Shafts ranging from 1.5kg to 65kg & capacity to produce upto 165kg producing about 2 million Axle Shafts annually. Their longstanding global presence is owed to experience in the development and manufacture of Real Axle Shafts.

GNA firmly believes that growth does not happen in isolation. They are of the view that opportunities for education and technical up gradation of their youth must be created locally. And they as corporate citizens assume responsibility of doing as best they can.At GNA, what they have built is an instrument for knowledge sharing.

Please refer to http://gnagroup.com for details.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 4,465.32 4,264.62 3,818.51 3,178.77 2,674.52
Total Revenue (In ₹ Millions) 5,089.43 4,306.44 4,042.48 3,490.51 3,986.66
Profit After Tax (PAT) (In ₹ Millions) 259.56 215.98 132.65 48.14 169.34

GNA Axles Ltd IPO IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - Sep 14,2016 0.0 1.52 0.67 0.64
Day 2 - Sep 15,2016 0.79 2.15 2.85 2.03
Day 3 - Sep 16,2016 17.18 217.47 11.84 54.88

Allotment Status

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IPO Allotment Status

GNA Axles Ltd IPO IPO FAQs

  1. When will GNA Axles Ltd IPO IPO open?

    GNA Axles Ltd IPO IPO will open on 14/09 and close on 16/09.

  2. What is the listing date of GNA Axles Ltd IPO IPO?

    GNA Axles Ltd IPO IPO will list on 26-Sep.

  3. What is the offer price of GNA Axles Ltd IPO IPO?

    The offer price of GNA Axles Ltd IPO IPO is ₹205 - 207.

  4. What is the lot size of GNA Axles Ltd IPO IPO?

    The lot size of GNA Axles Ltd IPO IPO is 70.

  5. What is the Grey Market Premium (GMP) price of GNA Axles Ltd IPO IPO?

    The Grey Market Premium (GMP) price of GNA Axles Ltd IPO IPO is Not Available at the moment.

  6. What is the Kostak price of GNA Axles Ltd IPO IPO?

    The Kostak price of GNA Axles Ltd IPO IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for GNA Axles Ltd IPO IPO?

    The Subject to Sauda price for GNA Axles Ltd IPO IPO is Not Available at the moment.

GNA Axles Ltd IPO IPO Review/Comments

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