The Jalandhar based GNA Axles Limited is coming out with an IPO on September 14 which comprises of an issue of up to 6,300,000 equity shares. The company has fixed a price band of Rs 205-207 per equity share of face value of Rs 10 for the issue.
Here is a brief comparison of financials of IPO bound GNA Axles Limited with its peer company Talbros engineering and Automotive axles India
|GNA Axles||Automotive Axles||Talbros Engineering|
|Revenue from Operations||502.56||1144.26||139.31|
|Last Price / Issue Price||207||741.55||216.45|
|CAGR Sales 3 Years||18.01||19.11||2.4|
|CAGR Sales 12m||13.24||30.58||9.27|
|CAGR NP 3 years||20.19||39.95||-12.76|
|CAGR NP 12m||75.41||72.08||-27.64|
|PE Ratio (on Post iPO equity)||17.12|
Based on the issue price and some parameters like RONW & Net profit margin, GNA axles seems to be doing well and could merit attention.