Gleam Fabmat Ltd is set to debut in the stock market with an issue size ₹3.12 Cr. Gleam Fabmat Ltd is a Delhi-based firm that trades aluminum goods. It has expanded its verticals by entering the Fabric market and is building a strong workforce to satisfy its operational requirements. Its revenue, EBITDA, and PAT in the first four months of operations were Rs. 1,022.22 lakhs, Rs. 30.82 lakhs, and Rs. 20.99 lakhs, respectively.
Gleam Fabmat IPO Details
| IPO Date | Feb 19, 2019 to Feb 22, 2019 |
| Listing Date | Mar 5, 2019 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 3,120,000 shares(aggregating up to ₹3.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Gleam Fabmat IPO Tentative Timetable
Gleam Fabmat IPO opens on Feb 19, 2019, and closes on Feb 22, 2019.
| Event | Tentative Date |
| Opening Date | Feb 19, 2019 |
| Closing Date | Feb 22, 2019 |
| Basis of Allotment | Feb 27, 2019 |
| Initiation of Refunds | Feb 28, 2019 |
| Credit of Shares to Demat | Mar 1, 2019 |
| Listing Date | Mar 5, 2019 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Company Overview
Gleam Fabmat Limited is an Indian-based company specializing in manufacturing industrial adhesives and sealants. The company produces a wide range of adhesives, including cyanoacrylate, epoxy, polyurethane, and silicone sealants, which find application in various industries such as automotive, electronics, construction, and packaging. Gleam Fabmat Limited has a diversified customer base and operates through its manufacturing facilities located in the state of Gujarat, India. The company is set to launch its initial public offering (IPO) with an aim to raise funds for capacity expansion and meet working capital requirements. Gleam Fabmat Limited is committed to quality, innovation, and customer satisfaction, and has the vision to become a leading player in the adhesive and sealant industry.
Industry Overview
Mahip Industries Limited is a company that operates in the manufacturing industry, with a focus on the production of automotive components and sheet metal products. The company has a diverse customer base in India, including domestic and international clients.
Mahip Industries Limited’s product portfolio includes a range of high-quality automotive components such as sheet metal parts, suspension components, and chassis components, among others. The company also manufactures sheet metal products for various industries, including electrical, construction, and furniture.
With a commitment to quality, innovation, and customer satisfaction, Mahip Industries Limited has established a strong reputation in the industry. The company has invested heavily in technology and infrastructure to ensure that it can continue to deliver cutting-edge products that meet the evolving needs of its clients.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) |
| 30-Sep-18 | |
| Total Assets | 1,519.99 |
| Total Revenue | 1,022.22 |
| Profit After Tax | 20.99 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- Working capital is required in the amount of Rs 248.95 lakhs.
- Financing for General Corporate Purposes – Rs 20.49 lakhs
Strengths
- Diversified product portfolio
- Experienced management team
- Modern manufacturing facilities
Weaknesses
- Dependence on a few key suppliers
- Exposure to foreign exchange risks
Gleam Fabmat Limited Ltd Lead Manager(s)
- Aryaman Financial Services limited
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Gleam Fabmat Limited
5504/15, G/F,Basti Harpool Singh,
Sadar Bazar, North Delhi – 110 006
Phone: +91 80682 11160
Email: info@gfl.org.in
Website: http://www.gfl.org.in/
Company Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
