Issue Price
₹207
Per Share
GMP
NIL
Grey Market
Est. Listing
₹207
Expected Price
Min. Application
₹28,980
2 lots × 70 shares
Incorporate in 1993, G N A Axles Ltd is Punjab based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. Company mainly engaged in manufactures and sells auto components for the four-wheeler industry. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal. GNA Axles made over 2.26 million components in 2016.GNA Axles has broad customer base for both the on-highway and off-highway segments and their customers are based in India and overseas. The company manufactures and supplies a range of rear axle shafts, other shafts, and spindles for the on-highway segment vehicles, including light commercial vehicles, medium commercial vehicles, and heavy commercial vehicles, as well as other transport vehicles, such as buses. It also offers a range of rear axle shafts and other shafts for the off-highway segment, which include agricultural tractors and machinery, forestry and construction equipment, electric carts, and other specialty vehicles used in mining and defense sectors. Visit chittorgarh.com for more detail. In Fiscal 2016, GNA Axles domestic sales and export sales constituted 45.29% and 54.71% of revenue.GNA Axles exports their products to various countries, including the United States, Sweden, Turkey, Brazil, Italy, Germany, Spain, Mexico, Japan, the United Kingdom, France, China, and Australia. They have two manufacturing facilities: Unit I located in village Mehtiana, district Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district Kapurthala, Punjab. Both of its manufacturing facilities are ISO/TS 16949:2009 certified for manufacture of rear axle shafts, other shafts and spindles for automotive applications.Competitive Strengths1. Among the Leading Manufacturers of Axle Shafts in India2. Diverse Product Range of Axle Shafts and Spindles3. Strong Long Term Customer Relationships and Diversified Customer Base4. Manufacturing Facilities with Large Capacity and Modern Machinery5. Experienced Management and Skilled Employee Base6. Strong Engineering, Product Development and Technological Capabilities7. Sustained Financial Performance and Strong Financial Position
GNA Axles Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 6,300,000 | 100.00% | ₹130.41 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,490 |
| Retail (Max) | 13 | 910 | ₹188,370 |
| sNII (Min) | 14 | 980 | ₹202,860 |
| bNII (Min) | 70 | 4,900 | ₹1,014,300 |
| Particulars | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue from Operations | 508.94 | 430.64 | 404.25 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 25.96 | 21.60 | 13.27 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 446.53 | 426.46 | 381.85 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |