Gleam Fabmat Limited IPO – Listing, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Gleam Fabmat Limited IPO release date, IPO offer price, subscription, Gleam Fabmat Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Gleam Fabmat Limited, currently trades in wide range of Aluminium products such as Aluminium Sheets, Aluminium Coils, Rivets etc and textiles products. The  Company plans to leverage its promoter networks in the Trading community of Delhi and it has expanded its verticals by venturing into Fabric segment. 


Gleam Fabmat Limited IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of Gleam Fabmat Limited IPO

Gleam Fabmat Limited IPOGleam Fabmat Limited, currently trades in wide range of Aluminium products such as Aluminium Sheets, Aluminium Coils, Rivets etc and textiles products. The  Company plans to leverage its promoter networks in the Trading community of Delhi and it has expanded its verticals by venturing into Fabric segment. Initial public offering of up to 31,20,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 10 per share aggregating Rs. 312.00 lakhs.

In FY 2017-2018, as per the Restated Financial Statements,

  • For the Period ended Sept 30, 2018 the total revenue of the Company as per the restated consolidated financials was Rs. 1022.22 Lakh.
  • The net asset value per Equity Share was Rs. 11.63 as of Sept 30, 2018 as per the Restated Standalone Financial Statements.
  • Since the Company has not completed a full financial year, they  have reported a robust operating performance for four months period ended September 30, 2018, wherein their sales, EBITDA and Profit after Tax were Rs. 1,022.22 lakhs, Rs. 30.82 lakhs and Rs.20.99 lakhs respectively.

The Promoters of this company are Mr. Amit Gupta, Mr. Arun Gupta & Mr. Anil Kumar GuptaThe lead manager to the issue is Aryaman Capital Markets Limited and the Registrar to this issue is Bigshare Services Private Limited.



Gleam Fabmat Limited IPO Date

The opening and the closing date of Gleam Fabmat Limited IPO is Feb 19 – Feb 22.


Gleam Fabmat Limited IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1: Feb 19 0.11x 0.01x 0.06x
Day 2: Feb 20 2.26x 0.43x 1.35x
Day 3: Feb 21 2.26x 0.48x 1.37x
Day 4: Feb 22 2.74x 0.76x 1.75x
Shares Offered or Net Issue 1,480,000 1,480,000 2,960,000

The shares subscribed by the public will be updated here.


Gleam Fabmat Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Gleam Fabmat Limited IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Gleam Fabmat Limited IPO Equity Share Offering

Initial public offering of up to 31,20,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 10 per share aggregating Rs. 312.00 lakhs.


Gleam Fabmat Limited – Company Overview

Gleam Fabmat Limited is incorporated on June 20, 2018, as a public limited company under the name ‘Gleam Fabmat Limited’ under the provisions of the Companies Act, 2013.

Gleam Fabmat Limited, currently trades in wide range of aluminium products such as Aluminium Sheets, Aluminium Coils, Rivets etc and textiles products. Following is the classification of major product offerings. The Company plans to leverage its promoter networks in the Trading community of Delhi and it has expanded its verticals by venturing into Fabric segment in Delhi. The Company is in the process of building a quality and innovation focused trading vertical as well as developing a strong team to cater to its proposed increased operational needs.

Competitive Strengths of Gleam Fabmat Limited:

  • Experienced Promoters and a well trained employee base
  • Existing Supplier Relationship
  • Product mix and Market mix
  • Strong Balance Sheet and Financial Condition
  • Existing Client Base

Business strategies of Gleam Fabmat Limited:

  • Improving functional efficiencies
  • Better working capital management
  • Leveraging the Market skills and Relationships
  • Enhance customer base by entering new geographies to establish long-term relationships

Gleam Fabmat Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary: 

Amount (in INR & lakhs)
30-Sept-18
Total Assets 1519.99
Total Revenue 1022.22
Total Expense 993.95
Profit After Tax 20.99

Earnings per Equity Share (in lakhs)

30-Sept-18
Basic & Diluted 11.43

From the above statements, one could find that the Gleam Fabmat Limited may perform well.


Gleam Fabmat Limited IPO – Promoters

The Promoters of this company are:

  • Mr. Amit Gupta
  • Mr. Arun Gupta
  • Mr. Anil Kumar Gupta

List of Related Parties (Key Managerial Personnel)

  • Ms. Deepali Gupta – Admin Head
  • Mr. Amit Gupta- Chief Financial Officer
  • Mr. Arun Gupta- Chief Marketing Officer
  • Mr. Navneet Gupta – Company Secretary and Compliance Officer 

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Gleam Fabmat Limited IPO Offer Details or Issue Details

Particulars  No. Of Equity Shares
 Equity Shares Offered  31,20,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 10 per share aggregating Rs. 312.00 lakhs
 Of which:
 Reserved for Market Makers  1,60,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 10 per share aggregating Rs. 16.00 lakhs
 Net Issue to the Public  29,60,000 Equity Shares of Rs. 10 each for cash at a price of Rs. 10 per share aggregating Rs. 296.00 lakhs
 Retail Investors Portion  14,80,000 Equity Shares of Rs. 10 each at a price of Rs. 10 per Equity Share will be available for allocation for Investors of up to Rs. 2.00 lakhs
 Non-Retail Investors Portion 14,80,000 Equity Shares of Rs. 10 each at a price of Rs. 10 per Equity Share will be available for allocation for Investors of above Rs. 2.00 lakhs
 Equity Shares outstanding prior to the Issue 68,98,000 Equity Shares
 Equity Shares outstanding after the Issue 1,00,18,000 Equity Shares of face value of Rs. 10 each

Gleam Fabmat Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company:
  •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
  •  General Corporate Purposes

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Gleam Fabmat Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced Promoters and a well trained employee base
  • Existing Supplier Relationship
  • Product mix and Market mix
  • Strong Balance Sheet and Financial Condition
  • Existing Client Base

The relevant quantitative factors are:

Basic & Diluted EPS RONW in % NAV (Rs.)
31-Mar-16 NA NA
31-Mar-17 NA NA
31-Mar-18 NA NA NA
30-Sept-18 11.43 14.01 11.63
  • P/E Ratio: Price Earnings Ratio (P/E) in relation to the Issue price of Rs. 10 per share of Rs. 10 each
Industry P/E P/E Ratio
Highest – Grandeur Product 148.2
Lowest – Competent Auto 1.5
Industry Average 37.6
  • Competitive Peers:
Face
Value (Rs)
Basic EPS P/E Ratio RONW% NAV in Rs
Garv Industries Limited 10 0.10 57.60 1.03 10.10
Advitya Trade India Limited 10 0.38 94.74 3.00 12.79
Gleam Fabmat Limited 10 NA NA NA NA

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Gleam Fabmat Limited IPO Lead Managers

Lead Managers
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999
Fax No.: +91 – 22 – 2263 0434
Email:
Website: www.afsl.co.in
Investor Grievance Email:
Contact Person: Ms. Bansri Gosalia / Mr. Swapnil Ukirde
SEBI Registration No. INM000011344

Gleam Fabmat Limited IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Tel. No.: +91 – 22 – 6263 8200
Fax No.: +91 – 22 – 6263 8299
Email:
Website: www.bigshareonline.com
Investor Grievance Email: ;
Contact Person: Mr. Babu Raphael
SEBI Registration No.: INR000001385

Other Details:

  • Statutory Auditor – M/s. V. N. Purohit & Co, Chartered Accountants
  • Peer Review Auditor – M/s. V. N. Purohit & Co, Chartered Accountants
  • Bankers to the Company –

Gleam Fabmat Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10

Gleam Fabmat Limited IPO Grey Market Premium

The Gleam Fabmat Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Gleam Fabmat Limited IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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