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
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
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:
Registrar of Garv Industries Limited IPO:
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:
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