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
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
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.


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    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 / DateQIBNIIRIITotal Subscription
    Day 1: Feb 190.11x0.01x0.06x
    Day 2: Feb 202.26x0.43x1.35x
    Day 3: Feb 212.26x0.48x1.37x
    Day 4: Feb 222.74x0.76x1.75x
    Shares Offered or Net Issue1,480,0001,480,0002,960,000

    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 Assets1519.99
    Total Revenue1022.22
    Total Expense993.95
    Profit After Tax20.99

    Earnings per Equity Share (in lakhs)

    30-Sept-18
    Basic & Diluted11.43

    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 Portion14,80,000 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 Issue68,98,000 Equity Shares
     Equity Shares outstanding after the Issue1,00,18,000 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

     

    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 EPSRONW in %NAV (Rs.)
    31-Mar-16NANA
    31-Mar-17NANA
    31-Mar-18NANANA
    30-Sept-1811.4314.0111.63
    • 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/EP/E Ratio
    Highest – Grandeur Product148.2
    Lowest – Competent Auto1.5
    Industry Average37.6
    • Competitive Peers:
    Face
    Value (Rs)
    Basic EPSP/E RatioRONW%NAV in Rs
    Garv Industries Limited100.1057.601.0310.10
    Advitya Trade India Limited100.3894.743.0012.79
    Gleam Fabmat Limited10NANANANA

     

    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: ipo@afsl.co.in
    Website: www.afsl.co.in
    Investor Grievance Email: feedback@afsl.co.in
    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: ipo@bigshareonline.com
    Website: www.bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com;
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    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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