GNA Axles Limited IPO
GNA Axles Limited was a mainboard IPO in the Auto Components & Equipments sector, offered at ₹102.5–₹103.5 per share to raise ₹130 crore. The issue was subscribed 54.88× overall (QIBs 17.18×, NIIs 217.47×, retail 11.84×). It listed on 26 Sep 2016 at ₹126 and closed its first day at ₹123, a listing gain of +18.4% versus the ₹103.5 issue price. It now trades around ₹535 (+416.9% versus the issue price).
Frequently asked questions
- How many times was the GNA Axles Limited IPO subscribed?
- The GNA Axles Limited IPO was subscribed 54.88× overall — 17.18× in the QIB category, 217.47× among non-institutional investors, 11.84× in retail.
- What were the GNA Axles Limited IPO listing gains?
- GNA Axles Limited listed on 26 Sep 2016 at ₹126, closing its first day at ₹123 — a listing gain of +18.4% versus the ₹103.5 issue price.
- What were the retail allotment odds for the GNA Axles Limited IPO?
- Retail was subscribed 11.84×, so a single-lot application had roughly a 8.4% chance of allotment (about 1 in 12), and allotment was finalised on 20 Sep 2016.
- What was the price band and lot size of the GNA Axles Limited IPO?
- The price band was ₹102.5–₹103.5 per share, with a minimum lot of 70 shares (₹7,245 at the upper band).
- Who were the registrar and lead manager for the GNA Axles Limited IPO?
- Link Intime India Private Limited was the registrar to the issue.