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.
| Bidding Dates |
|---|
| 19 Feb 2019 - 22 Feb 2019 |
| Subscription |
|---|
| 1.75x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,00,000 | 1 | 2 | 10000 | 3.1 M | ₹10 | 68.86 % | ₹31.2 M | RHP DOC |
Gleam Fabmat IPO SUBSCRIPTION STATUS
22 Feb '19Gleam Fabmat IPO overall subscription rate was 1.75 times the total available shares
Gleam Fabmat IPO retail subscription rate was 0.76 times in the retail segment
Gleam Fabmat IPO non-institutional investor subscription rate was 2.74 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Feb 2019 (Day 1) | 0.01x | 0.11x | - |
20 Feb 2019 (Day 2) | 0.43x | 2.26x | - |
21 Feb 2019 (Day 3) | 0.48x | 2.26x | - |
22 Feb 2019 (Day 4) | 0.76x | 2.74x | - |
Gleam Fabmat FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins | |
| From June 20, 2018 to September 30, 2018 |
2.1 | 102.2 | 14.6 | 14.5 | -0.09 |
Gleam Fabmat IPO SUBSCRIPTION STATUS DETAILS
Gleam Fabmat had 3.1 M shares on offer
Gleam Fabmat IPO offer price was ₹10
Gleam Fabmat IPO minimum Investment was ₹100000
Gleam Fabmat IPO issue size was ₹ 31.2 M
Gleam Fabmat had a minimum lot size of 10000 Shares per application
Gleam Fabmat NUMBER OF SHARES ON OFFER
Gleam Fabmat IPO IMPORTANT DATES
| Issue Open Date | 19 Feb 2019 |
| Issue close Date | 22 Feb 2019 |
| Allotment Date | 27 Feb 2019 |
| Refund Date | 28 Feb 2019 |
| Demat Account Credit Date | 01 Mar 2019 |
| Listing Date | 05 Mar 2019 |
| Listing on Exchange(s) | BSE |
| Gleam Fabmat Allotment Status | Exchange |
Gleam Fabmat IPO subscription opened on 19 Feb 2019, and closed on 22 Feb 2019
IPO allotment for Gleam Fabmat was finalized on Wednesday, 27 Feb 2019
IPO listing for Gleam Fabmat was on BSE on Tuesday, 05 Mar 2019
Gleam Fabmat IPO LISTING GAINS
| Issue Price (adjusted) | 10.0 |
| Listing Open Price | 9.0 |
| Listing Close Price | 8.6 |
| Listing Gain% | -10.0% |
| Current Gain% | 120.0% |
Gleam Fabmat INFORMATION ON IPO ISSUE
About Gleam Fabmat
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.
Object of the Issue
- Working capital requirements- Rs 248.95 lakhs
- Funding expenditure for General Corporate Purposes- Rs 20.49 lakhs
Gleam Fabmat - PROMOTERS
| Name |
|---|
| Anil Kumar Gupta |
| Amit Gupta |
| Arun Gupta |
Gleam Fabmat Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Gleam Fabmat Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Gleam Fabmat Strengths
Experienced Promoters and a well trained employee base
The Promoter and Directors, have significant industry experience and have been instrumental in the consistent growth of the group. They are ably supported by the staff and other co-directors
Product mix and Market mix
Company deals in a range of products like Aluminum Products viz. Aluminum Sheets/coils and textiles viz. cotton fabrics would give immense opportunity to expand and explore new markets.
Gleam Fabmat Risks
Purchase order basis
The company generally does business with its customers on a purchase order basis and does not enter into long-term contracts with most of them.
Limited operating history
The company has limited operating history, and therefore investors may not be able to assess prospects on the basis of historical results.
IPO FAQs
Gleam Fabmat Ltd. IPO listing opened at Rs 9.00 while the issue price was Rs 10.00 giving -10.00% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 10.00 giving 120.00% gains since its IPO listing.
The promoters of the company are Anil Kumar Gupta, Amit Gupta and Arun Gupta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 10.0 - 10.0.
The IPO application opens on Feb 19, 2019 and closes on Feb 22, 2019.
The minimum lot size for the IPO is 10000. The maximum lot size for the IPO is 20000.
For all category investors, the minimum application amount for this IPO is Rs. 100,000.0, the maximum value for this IPO is Rs 200,000.0.
This IPO will be allotted on Feb 27, 2019.
The refund will be credited to your account on Feb 28, 2019.
The allotted shares will be credited to your demat on Mar 01, 2019.
Gleam Fabmat Ltd.’s shares listed on the stock exchanges on Mar 05, 2019.