GNA Axles Rs 130-crore IPO to open on September 14

The initial open public supplying regarding automobile parts creator GNA Axles Limited can hit the main city markets about Sept Fourteen, to boost nearly Players One hundred thirty crore.

Jalandhar-based GNA Axles, company of back axle shafts found in on-highway as well as off-highway vehicle segments, will likely be starting their IPO scheduled to spread out in June 15, and close in September Sixteen, at a price gang of Rs 205-207 for each share, the business stated in the statement on Tuesday.

The actual Dpo comprises of a problem up to 63 lakh explains to you. The net community issue comprises approximately Sixty one lakh shares and an entitled employee booking area of as much as Two lakh stocks.

The single point investor concern time period will probably be June 14, being a single India Business News time of day prior to problem starting date, it said.

The organization proposes to use the internet proceeds from the gripe for acquiring plant as well as machinery, to satisfy capital demands and also standard business functions, the actual statement explained.

The issue along with the internet concern will amount to 28.Thirty five % and also 31.42 percent, from the post-issue paid-up equity share funds of the organization, respectively.

PNB Expenditure Services Restricted and also Ambit Personal Ltd will be the book running steer professionals to the point.

Your equity gives associated with Che Axles are proposed being on NSE and BSE.

GNA Axles Rs 130-crore IPO to open on September 14

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