GNA Axles IPO
GNA Axles Limited (GNA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 26 September 2016.
Listed 26 Sep
Subscribed 54.9x
Listing gain +21.7%
Issue details
Price band
₹205–207
Issue price
₹207
Lot size
—
Min. retail bid
—
Issue size
₹130 Cr
Face value
₹10
Bidding
14 Sep – 16 Sep 2016
Listing
26 Sep 2016
Retail quota
35%
Registrar
Link Intime India Private Limited
Listing day
Listed at
₹252
+21.7% vs issue price ₹207
Day's high
₹262
+26.5% · low ₹242 (+17.0%)
Day's close
₹245
+18.4% · traded ₹38.2 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 12,20,000 | 2,09,62,760 | 17.2x | |
| NII (HNI) total | 9,15,000 | 19,89,87,600 | 217x | |
| Retail | 21,35,000 | 2,52,86,730 | 11.8x | |
| Employees | 2,00,000 | 62,090 | 0.31x | |
| Total | 44,70,000 | 24,52,99,180 | 54.9x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to GNA Axles's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| TeamLease ServicesFeb 2016 | 27.0x | 185x | 10.6x | 66.0x | ₹450 Cr | +1.2% | +21.4% |
| Ujjivan Financial ServicesMay 2016 | 33.8x | 135x | 4.02x | 40.7x | ₹892 Cr | +10.4% | +16.5% |
| Thyrocare TechnologiesApr 2016 | 73.2x | 225x | 8.73x | 73.5x | ₹479 Cr | +49.1% | +49.1% |
| Advanced Enzyme TechnologiesJul 2016 | 94.0x | 393x | 11.7x | 116x | ₹413 Cr | +35.0% | +38.8% |
| Quess CorpJul 2016 | 59.0x | 392x | 34.1x | 144x | ₹411 Cr | +57.7% | +60.7% |
| RBL BankAug 2016 | 85.1x | 198x | 5.70x | 69.6x | ₹1,219 Cr | +21.9% | +35.8% |
Offer documents (NSE)
Frequently asked
What is the GNA Axles IPO price band and lot size? ₹205–207 per share.
How many times has it been subscribed? 54.9x overall: QIB 17.2x, NII 217x, retail 11.8x, employees 0.31x.
How did it list? It opened at ₹252, +21.7% against the issue price of ₹207, and closed its first day +18.4%.
Other IPOs of 2016
Laurus LabsSheela FoamGreenSignal Bio PharmaVarun BeveragesEndurance TechnologiesHPL Electric and PowerL&T Technology ServicesRBL Bank
All 2016 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
