Garv Industries Limited IPO

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The Company was incorporated as Garv Industries Limited on October 12, 2017 under the Companies Act, 2013 with the Registrar of Companies, Delhi bearing Registration No. 324826 and having its Registered Office in Delhi.The company is promoted by Rishu Agarwal and family who together have industry experience of many years and possess rich business intellect in the trading circles of Delhi. The company plans to leverage its promoter networks in the Trading community of Delhi as well as strong balance sheet situation to increase its presence in the Aluminium and metal products, Fabrics product segments in Northern India. Our Company is in the process of building a quality and innovation focused trading vertical as well as developing a strong team to cater to its proposed increased operational needs.
Company Strengths
1. Existing Supplier Relationship
2. Product mix and Market mix
3. Experienced Promoters and a well-trained employee base
4. Strong Balance Sheet and Financial Condition
5. Existing Client Base
Garv Industries Limited IPO Stock Quote & Charts

7.20

+20.00%

  • Open: 7.20
  • High - Low: 7.20 - 7.20
  • Previous Close: 6.00
  • Total Traded Volume: 10000
  • Updated On: 06-Dec-2018

Objects of the Garv Industries Limited IPO:

(a) Working Capital Requirements; (b) Funding expenditure for General Corporate Purposes

Garv Industries Limited IPO Details:

Open Date: Apr 12 2018
Close Date: Apr 17 2018
Total Shares: 32,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Lot Size: 10000 Shares
Issue Price: ₹ 10 Per Equity Share
Listing At: BSE SME
Listing Date: Apr 25 2018

Promoters And Management:

Mr. Rishu Agarwal Mrs. Daya Bansal Mr. Amit Agarwal Mr. Vishal Aggarwal

Capital Structure:

(i) Authorized Share Capital ( 1,02,50,000 shares at FV@10) 10.25 Cr
(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue (70,00,000   Shares at FV@10) 7 Cr
(iii) Present Issue (32,00,000 Shares at FV@10) 3.2 Cr
(iv) Reservation for Market Maker (1,70,000 Shares at FV@10) 17 Lac
(v) Net Issue to Public (32,00,000-1,70,000=  30,30,000Shares) 3.03 Cr
(vi) QIB & HNI Quota-15,15,000 50%
(vii) Retail Quota- 15,15,000 50%
(viii) Paid Up Share Capital after the issue 10.2 Cr

Financials of Garv Industries Limited IPO:

Since the company was recently incorporated and have not even completed a full financial year, so no analysis has been done. However, as per summary of the company's financials, it has shown robust operating performance for 4 month period ended January 31,2018 wherein their sales, EBIDTA and Profit after Tax were Rs. 1,459.18 Lacs, Rs. 15.48 Lacs and Rs. 11.43 Lacs respectively. The Company's EPS as per DRHP is 0.16. The P/E is around 62.5. The D/E of the company is around .45.

Comparison With Peers:

The company believe that there is no other listed company which is specifically comparable to their business model.

Recommendation on Garv Industries Limited IPO:

Rating: 3/10. 1-5: Fair 5-7: Good 7-10: Excellent

Lead Manager of Garv Industries Limited IPO:

  1. Aryaman Financial Services Limited

Registrar of Garv Industries Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

B - 502, 5th Floor, Statesman House 147, Barakhamba Road, New Delhi - 110 001 Phone No.: +91 11 2362 9277 Email: info@garvindustries.com; Website: www.garvindustries.com

Bid Details of Garv Industries Limited IPO as on
17 Apr 2018 | 11:04:10 PM

Category No.of shares offered No. of shares bid
1,600,000 3,460,000
1,600,000 3,000,000
- -
3,200,000 6,460,000
QIBs No
QIBs+HNIs Subscription 2.16X
Retail Subscription 1.88X
Total Subscription 2.02X

Discussion on Garv Industries Limited IPO: