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 Size31,20,000 shares (aggregating up to ₹3.12 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 19 Feb 2019
Subscription CloseFri, 22 Feb 2019
Anchor AllotmentMon, 18 Feb 2019
Basis of AllotmentWed, 27 Feb 2019
Initiation of RefundsThu, 28 Feb 2019
Credit of Shares to DematFri, 01 Mar 2019
Listing DateTue, 05 Mar 2019
UPI Mandate Deadline2019-02-22
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 Public29,60,000 shares (aggregating up to ₹2.96 Cr)
Reserved for Market Maker1,60,000 shares (aggregating up to ₹0.1600 Cr)
Pre-IPO Promoter Holding68,98,000 shares
Post-IPO Promoter Holding1,00,18,000 shares
About Gleam Fabmat Ltd.
Incorporated in 2018, Delhi based Gleam Fabmat Limited is a company engaged in the trading of a wide range of aluminium products such as Aluminium Sheets, Aluminium Coils, Rivets and textiles products.The Company plans to leverage its promoter networks in the trading community to grow its business. It has expanded its verticals by venturing into Fabric segment. It is also developing a strong team to meet its proposed operational needs.In the first four months of its operations, the company has posted sales, EBITDA and PAT as Rs. 1,022.22 lakhs, Rs. 30.82 lakhs and Rs. 20.99 lakhs respectively.
Objects of the Issue
Gleam Fabmat Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
2.49
2
2 Funding expenditure for General Corporate Purposes
0.20
Shareholding & Lock-in
Pre-IPO Promoter Holding
68,98,000 shares
Post-IPO Promoter Holding
1,00,18,000 shares