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:
- Mr.Rishu Agarwal (Designation: Managing Director)
- Mrs.Daya Bansal (Designation: Non Executive Non Independent Director)
- 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%|
Objectives of the Issue:
- Working Capital Requirements.
Funding expenditure for General Corporate Purposes.
|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|
|Issue Opens on||12th April 2018|
|Issue Closes on:.||17th April 2018|
|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)|
Markets Guruji Opinion:
|IPO View||Apply For:||Expected listing Gain:|
|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:|
|SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110 020
Tel No.: +91 – 11 – 6473 2681- 88
Investor Grievance Email: firstname.lastname@example.org
|Lead Manager to the Issue:|
|ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999