Garv Industries IPO

Garv Industries IPOBusiness description - Incorporated in October 2017, Garv Industries is involved into trading and distribution of aluminum and textile products. 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
Retail Allocation 50%
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*
Total revenue 1,459.2
Total expenses 1,443.8
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
Email: [email protected]

Garv Industries IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.44
Day 2 0.64
Day 3 0.95
Day 4 2.01
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
Maharashtra, India

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 link to 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)

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