GNA Axles Ltd - IPO

GNA Axles Ltd IPO Details

Public issue of up to 6,300,000 equity shares of face value of Rs. 10 each (the equity shares) of G N A Axles Limited (the company or the issuer) for cash at a price of Rs. 207 per equity share (including a share premium of Rs. 197 per equity share) aggregating up to Rs. 130.41 crores (issue). The issue comprises of a net issue to the public of up to 6,100,000 equity shares aggregating up to Rs. 126.27 crores (the net issue) and a reservation of 200,000 equity shares aggregating up to Rs. 4.14 crores for subscription by eligible employees (the employee reservation portion). The issue will constitute 29.35% of the post-issue paid-up equity share capital of the company and the net issue will constitute up to 28.42% of the post-issue paid-up equity share capital of the company.The face value of equity shares is Rs. 10 each.The Issue Price : Rs. 207 per equity share of face value of Rs. 10 each.The issue price is 20.70 times of the face value.Anchor Investor issue price: Rs. 207 per equity share.

Objective of issue

Purchase of plant and machinery. To meet working capital requirements. General corporate purposes.

GNA Axles Ltd Contact Details

GNA Axles Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - gjain@gnagroup.com, info@gnagroup.com

Website - www.gnagroup.com