GNA Axles IPO Subscription Status – IPO Subscribed 54.88 times

GNA Axles Subscription: Detail of Subscription from Sept 14 to Sept 16. Market condition is not looking stable as people are waiting for FED Rate hike. It might happen or not but still investors are looking forward to primary market and subscribe for IPO. GNA Axles has reported good growth since 2013. Investors are in two minds for this IPO but as secondary market in threat people will surely go for this IPO and it might surprise on listing. GNA Axles grey market premium is average.

Financial condition is showing growth as compare to last few years. They are connected with auto compo from 1993. They have total assets of Rs. 4,465.32 million for the year ended March 2016 and its shows Rs. 20.07 crores growth compare to March 2015 and around Rs. 180 crores growth as compare to March 2012. Same as we can see the total revenue of Rs 5,089.43 million in year end March 2016 then its continuously growing YoY and while PTA have Rs. 259.56 million is high as compare to last year.. Good company to invest in.

GNA Axles IPO Subscription: (Fully Subscribed)

Day	QIB	NII	RII	Employee	Total
Day 1	0.00	1.52	0.67	0.17	0.64
Day 2	0.79	2.15	2.85	0.27	2.03
Day 3	17.18	217.47	11.84	0.31	54.88

• Issue Open: Sep 14, 2016
• IPO Close: Sep 16, 2016 
• Issue Size: Offer for Sale of 6,300,000 Equity Shares of Rs 10
• Face Value: Rs 10 Per Equity Share
• Price Band: Rs. 205 – Rs. 207 
• Market Lot: 70 Shares 
• Listing On: BSE, NSE

• Shares: Apply for 70 Shares (Minimum Lot Size)
• Amount: Rs. 14,490