Garv Industries Ltd

Garv Industries

About the Company:

Garv Industries is a multiproduct trading and distribution company dealing in wide range of aluminium products and textile products.

Company deals in a range of products like Aluminum Products viz. Aluminium Sheets/coils/extrusions/ grill/ ladders/ rolled products and textiles viz. cotton fabrics

Company is promoted by Rishu Agarwal and family who together have industry experience of many years and possess rich business intellect in the trading circles of Delhi.

The promoters have been in this business through family proprietary concerns, proprietary business and through partnership.

Company plans to leverage its promoter networks in the Trading community of Delhi as well as strong balance sheet situation to increase its presence in the Aluminium and metal products, Fabrics product segments in Northern India.

Major Product offerings:

product offerings

Management Team:

  1. Mr.Rishu Agarwal (Designation: Managing Director)
  2. Mrs.Daya Bansal (Designation: Non Executive Non Independent Director)
  3. Mr. Amit Agarwal (Designation: Independent Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Mr. Rishu Agarwal 1,000 10.00
Mrs. Daya Bansal 1,000 10.00
M/s R. S. Services Private Ltd 69,95,800 10.00


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
R S Services Private Ltd 99.94% 68.59%
Mr. Rishu Agarwal 0.01% 0.01%
Mrs. Daya Bansal 0.01% 0.01%
Promoter Group Entities             0.02%           0.02%
Total 100% 68.63%


Objectives of the Issue:

  • Working Capital Requirements.
    Funding expenditure for General Corporate Purposes.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 2.59
General Corporate Expenses 0.18
Net Proceeds 2.77 cr


Peer Group Comparison:

There is no other listed company which is specifically comparable to Garv Industries Ltd w.r.t. their business model.


Financials of the Company: (Company was Incorporated on October 12, 2017.)

(in Crores) 31st Jan 18
Revenue  14.59
Net Profit  0.11


IPO Details:

Details Info
Issue Opens on 12th April 2018
Issue Closes on:. 17th April 2018
Issue Price Rs.10
Face Value Rs.10
Minimum Lot 10,000
Minimum Investment Rs.1,00,000
Issue Constitutes 31.37%
Issue Size Rs.3.2 cr
Market Cap Rs.10.20 cr
Listing at BSE SME
Total Equity Shares Offered (Fresh) 32,00,000
Equity Shares Prior to the Issue 70,00,000
Equity Shares after the issue 1,02,00,000


IPO Valuation Parameters: (Period ended 31st Jan 2018)

Earnings Per Share (EPS) Price To Earnings ratio (PE) Net Asset Value (NAV)
0.16 62.5 10.16


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Avoid NA NA


Company Contact Info:
Garv Industries Ltd
B-502,Statesman House 147,
Barakhamba Road, New Delhi- 110 001.
Tel No: +91 – 011 – 2362 9277


IPO Registrar Info:
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110 020
Tel No.: +91 – 11 – 6473 2681- 88
Investor Grievance Email:


Lead Manager to the Issue:
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999