Sunday, September 4, 2016

GNA Axles IPO to open on Sep 14th

GNA Axles Ltd is entering in the capital markets with an initial public offering, IPO of 6,300,000 Equity Shares of Rs 10 each. The price band for the issue has not been fixed yet.

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. GNA Axles made over 2.26 million components in 2016.

The issue opens on Sep 14, 2016 and closes for subscription on Sep 16, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).