Gleam Fabmat Limited IPO – Listing, Allotment, Subscription, GMP & DRHP
Last Updated Date: Sep 01, 2023Let’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.
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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, 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 Gupta. The 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 / 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
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 |
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 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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