Inncorporate 1993, G N A Axles Ltd is Punjab based
manufacturers of rear axle shafts, other shafts and spindles used in on-highway
and off-highway vehicular segments in India. Company mainly engaged in
manufactures and sells auto components for the four-wheeler industry. India's No. 1 IPO Investment
Portal. GNA
Axles made over 2.26 million components in 2016.
GNA Axles has broad customer base for both the on-highway and
off-highway segments and their customers are based in India and overseas. The
company manufactures and supplies a range of rear axle shafts, other shafts,
and spindles for the on-highway segment vehicles, including light commercial
vehicles, medium commercial vehicles, and heavy commercial vehicles, as well as
other transport vehicles, such as buses. It also offers a range of rear axle
shafts and other shafts for the off-highway segment, which include agricultural
tractors and machinery, forestry and construction equipment, electric carts,
and other specialty vehicles used in mining and defense sectors. In Fiscal
2016, GNA Axles domestic sales and export sales constituted 45.29% and 54.71%
of revenue.
GNA Axles exports their products to various countries,
including the United States, Sweden, Turkey, Brazil, Italy, Germany, Spain,
Mexico, Japan, the United Kingdom, France, China, and Australia. They have two
manufacturing facilities: Unit I located in village Mehtiana, district
Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district
Kapurthala, Punjab. Both of its manufacturing facilities are ISO/TS 16949:2009
certified for manufacture of rear axle shafts, other shafts and spindles for
automotive applications.
Competitive Strengths
1. Among the Leading Manufacturers of Axle Shafts in India
2. Diverse Product Range of Axle Shafts and Spindles
3. Strong Long Term Customer Relationships and Diversified Customer Base
4. Manufacturing Facilities with Large Capacity and Modern Machinery
5. Experienced Management and Skilled Employee Base
6. Strong Engineering, Product Development and Technological Capabilities
7. Sustained Financial Performance and Strong Financial Position
Company Promoters:
The Promoters of the company are:
1. Jasvinder Singh Seehra
2. Ranbir Singh
3. Gurdeep Singh
Company Financials:
Summary of
financial Information
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Particulars
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For
the year/period ended (in Rs. Million)
|
||||
31-Mar-16
|
31-Mar-15
|
31-Mar-14
|
31-Mar-13
|
31-Mar-12
|
|
Total
Assets
|
4,465.32
|
4,264.62
|
3,818.51
|
3,178.77
|
2,674.52
|
Total
Revenue
|
5,089.43
|
4,306.44
|
4,042.48
|
3,490.51
|
3,986.66
|
Profit
After Tax (PAT)
|
259.56
|
215.98
|
132.65
|
48.14
|
169.34
|
Objects of the Issue:
The object of the issue are to:
1. Purchase of plant and machinery;
2. To meet working capital requirements; and
3. General corporate purposes.
Issue Detail:
»» Issue Open: Sep
14, 2016 - Sep 16, 2016
»» Issue Type: Book
Built Issue IPO
»» Issue Size: 6,300,000
Equity Shares of Rs 10 aggregating up to Rs 130.41 Cr
› Fresh Issue of 6,300,000 Equity Shares of
Rs 10 aggregating up to Rs [.] Cr
»» Face Value: Rs 10
Per Equity Share
»» Issue Price: Rs.
205 - Rs. 207 Per Equity Share
»» Market Lot: 70
Shares
»» Minimum Order Quantity:
70 Shares
»» Listing At: BSE,
NSE
