IPO Issue Details
Issue Price / Price Band₹10 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size32,00,000 shares (aggregating up to ₹3.20 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 12 Apr 2018
Subscription CloseTue, 17 Apr 2018
Anchor AllotmentWed, 11 Apr 2018
Basis of AllotmentFri, 20 Apr 2018
Initiation of RefundsMon, 23 Apr 2018
Credit of Shares to DematTue, 24 Apr 2018
Listing DateWed, 25 Apr 2018
UPI Mandate Deadline2018-04-17
Application & Investment Details
Retail — Min (1 Lots)₹1,00,000 — 10,000 shares
Retail — Max (13 Lots)₹1,300,000 (13 Lots)
HNI — Min (3 Lots)₹3,00,000 — 30,000 shares
Net Offer to Public30,30,000 shares (aggregating up to ₹3.03 Cr)
Reserved for Market Maker1,70,000 shares (aggregating up to ₹0.1700 Cr)
Pre-IPO Promoter Holding70,00,000 shares
Post-IPO Promoter Holding1,02,00,000 shares
About Garv Industries Ltd.
Incorporated in 2017, Delhi based Garv Industries Limited, is engaged in the business of multiproduct trading and distribution of wide range of aluminum and textile products.The Company deals with a range of products like Aluminum Products viz. Aluminium Sheets/coils/extrusions/grill/ladders/ rolled products and textiles viz. cotton fabrics which have wide-scale applications in both B2B and B2C segments.The company has 10 employees on its payroll.
Objects of the Issue
Garv Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
2.59
2
2 Funding expenditure for General Corporate Purposes
0.18
Shareholding & Lock-in
Pre-IPO Promoter Holding
70,00,000 shares
Post-IPO Promoter Holding
1,02,00,000 shares