Gleam Fabmat IPO

Gleam Fabmat IPOGleam Fabmat IPO description - Gleam Fabmat currently trades in wide range of aluminium products and textiles products. Within the Aluminium segment, the company trades in Aluminium Sheets, Aluminium Coils, Aluminium Extruded Profile, and Rivets. The company was incorporated on 20 June 2018 as a public limited company under the name ‘Gleam Fabmat Limited’ under the provisions of the Companies Act, 2013 with the Registrar of Companies, Delhi. A MOU dated 15 September 2018 has been entered into to give effect to the takeover of the business of J P Metals (Proprietor Anil Kumar Gupta).

Currently, the company’s trading activities are focused only in Delhi; however it intends to cater to the increasing demand of existing customers and also to increase its existing customer base by enhancing the distribution reach of products in different parts of the country. The company also plans to increase its marketing and sales team which can focus in different regions and also maintain and establish relationship with customers.

Gleam Fabmat promoters – Mr Amit Gupta, Mr. Arun Gupta & Mr Anil Kumar Gupta
Gleam Fabmat - Upcoming IPO details
Subscription Dates 19 - 22 February 2019
IPO Price band INR10 per share
Fresh issue 3,120,000 shares (INR3.12 crore)
Offer for sale Nil
Total IPO size 3,120,000 shares (INR3.12 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 - INR2.49 crore
  • General Corporate Purposes - INR0.20 crore
  • Issue Expenses - INR0.43 crore
Gleam Fabmat's financial performance (in INR lakh)
20 Jun - 30 Sep 2018
Total revenue 1,022.22
Total expenses 993.95
Profit after tax 20.99
Gleam Fabmat Contact Details

Gleam Fabmat Limited 
5504/15, G/F
Basti Harpool Singh, Sadar Bazar
North Delhi – 110 006

Phone: +91 8068211160
Email: [email protected]
Website: www.gfl.org.in

Gleam Fabmat IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.06
Day 2 1.28
Day 3 1.30
Day 4 1.75
Gleam Fabmat Valuation (For FY2018)

Earnings Per Share (EPS): NA

Price/Earnings (P/E) ratio: NA

Return on Net Worth (RONW): NA

Net Asset Value (NAV): NA

Registrar of Gleam Fabmat IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Gleam Fabmat IPO Allotment Status

Gleam Fabmat IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Gleam Fabmat

IPO Opening Date: 19 February 2019

IPO Closing Date: 22 February 2019

Listing Date: 5 March 2019

Listing Price on BSE SME: INR9 per share (down 10% from IPO price)

Closing Price on BSE SME: INR8.55 per share (down 14.5% from IPO price)

Gleam Fabmat IPO
2.7 (54.12%) 17 votes

2 thoughts on “Gleam Fabmat IPO

  • February 18, 2019 at 10:05 AM
    Permalink

    WTF, why IPO of such companies are even allowed??? Bloody looters of money.

    Reply
    • February 24, 2019 at 9:39 PM
      Permalink

      There is no lack of fools in stock market. This issue was fully subscribed on second day! Amazing!!

      Reply

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