Business description – Incorporated in October 2017, Garv Industries is involved into trading and distribution of aluminum and textile products.
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The company’s product range in aluminum products includes Sheets, Coils, Extrusions, Grill, Ladders, Rolled Products and Plates. The company is promoted by Rishu Agarwal and family who together have industry experience of many years in the trading circles of Delhi.
The promoter has been in this business through family proprietary concerns, proprietary business and through partnership.
Promoters of Garv Industries – Rishu Agrawal
|Garv Industries IPO details|
|Subscription Dates||12 – 17 April 2018|
|IPO Price band||INR10 per share|
|Fresh issue||3,200,000 shares (INR3.20 crore)|
|Offer for sale||Nil|
|Total IPO size||3,200,000 shares (INR3.20 crore)|
|Minimum bid (lot size)||10,000 shares|
|Face Value||INR10 per share|
|Listing On||BSE SME platform|
Use of funds
- Working Capital Requirements – INR2.59 crore
- Funding expenditure for General Corporate Purposes – INR0.18 crore
- Issue Expenses – INR0.43 crore
|Garv Industries’ financial performance (in INR lakh)|
|For period ended 31 January 2018*|
|Profit after tax||11.4|
*The company has no operating history prior to October 2017.
Garv Industries’ Contact Details
Garv Industries Limited
B – 502, 5th Floor
Statesman House 148, Barakhamba Road
New Delhi – 110 001
Phone: +91 11 – 2362 9277
Garv Industries IPO Subscription Details
Garv Industries Valuation (Latest FY)
Earnings Per Share (EPS): NA
Price/Earnings (P/E) ratio: NA
Return on Net Worth (RONW): NA
Net Asset Value (NAV): NA
Registrar of Garv Industries IPO
Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Phone: +91 22 2851 1022
Email: [email protected]
Garv Industries IPO Allotment Status
Garv Industries IPO allotment status is now available on Skyline Financial Services’ website.
Click on this linkto get allotment status.
Listing performance of Garv Industries
IPO Opening Date: 12 April 2018
IPO Closing Date: 17 April 2018
Finalisation of Basis of Allotment: 20 April 2018
Initiation of refunds: 23 April 2018
Transfer of shares to demat accounts: 24 April 2018
Listing Date: 25 April 2018
Listing Price on BSE SME: INR10 per share (no change from IPO price)
Closing Price on BSE SME: INR10 per share (no change from IPO price)