GNA Axles Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,050,000 (48%) | — | ₹6,314 Cr |
| NII (HNI) | — | 915,000 (15%) | — | ₹1,894 Cr |
| Retail | — | 2,135,000 (34%) | — | ₹4,419 Cr |
| Employee | — | 200,000 (3%) | — | ₹41 Cr |
| Σ Total | — | 6,300,000 (100%) | — | ₹130,410 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,490 |
| Retail (Max) | 13 | 910 | ₹188,370 |
| S-HNI (Min) | 14 | 980 | ₹202,860 |
| B-HNI (Min) | 67 | 4,690 | ₹970,830 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue | 509 | 431 | 404 |
| Profit After Tax | 26 | 22 | 13 |
| Total Assets | 447 | 426 | 382 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Purchase of plant and machinery – 80.07
- 2 To meet working capital requirements – 35.00
- 3 General corporate purposes – 3.36
Company Overview
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 Strengths
1. Among the Leading Manufacturers of Axle Shafts in India
2. Diverse Product Range of Axle Shafts and Spindles
3. Strong Long Term Customer Relationships and Diversified Customer Base
4. Manufacturing Facilities with Large Capacity and Modern Machinery
5. Experienced Management and Skilled Employee Base
6. Strong Engineering, Product Development and Technological Capabilities
7. Sustained Financial Performance and Strong Financial Position