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Sintex Inds drops after allotment of shares on rights basis
Sep 27,2016

The announcement was made after market hours yesterday, 26 September 2016.

Meanwhile, the S&P BSE Sensex was up 57.24 points or 0.2% at 28,351.52

On BSE, so far 8.53 lakh shares were traded in the counter as against average daily volume of 8.17 lakh shares in the past one quarter. The stock hit a high of Rs 86.70 and a low of Rs 81.40 so far during the day. The stock had hit a 52-week high of Rs 106.52 on 15 October 2015. The stock had hit a 52-week low of Rs 62.40 on 12 February 2016. The stock had outperformed the market over the past 30 days till 26 September 2016, rising 18.69% compared with 1.84% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.55% as against Sensexs 6.67% rise.

The mid-cap company has equity capital of Rs 52.34 crore. Face value per share is Re 1.

It may be recalled that shares of Sintex Industries had turned ex-rights on 8 August 2016. The company had fixed 9 August 2016 as record date for the rights issue. The company had approved issue of shares to shareholders in ratio of 26 shares on rights basis for every 151 shares held in the company at Rs 65 per share.

Sintex Industries consolidated net profit rose 11.45% to Rs 76.03 crore on 16.48% growth in net sales to Rs 1695.25 crore in Q1 June 2016 over Q1 June 2015.

Sintex Industries is a dominant player in the plastics and textile business segments.

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Yes Bank gains on plan to raise Rs 330 crore via green bonds
Sep 27,2016

The announcement was made during market hours today, 27 September 2016.

Meanwhile, the BSE Sensex was up 57.45 points, or 0.20%, to 28,351.73.

On BSE, so far 40,000 shares were traded in the counter, compared with average daily volume of 2.48 lakh shares in the past one quarter. The stock hit a high of Rs 1,251.65 and a low of Rs 1,238.85 so far during the day. The stock hit a record high of Rs 1,450 on 7 September 2016. The stock hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had underperformed the market over the past 30 days till 26 September 2016, falling 6.80% compared with 1.84% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 15.61% as against Sensexs 6.67% rise.

The large-cap private sector bank has equity capital of Rs 421.35 crore. Face value per share is Rs 10.

Yes Bank announced that it will raise Rs 330 crore (approximately $50 million equivalent) through an issue of a 7-year Green Infrastructure Bonds to FMO, the Dutch Development Bank, on a private placement basis. FMO will be investing in Yes Banks bonds through FMOs own sustainable bonds. The definitive agreement was signed at the fourth edition of FMOs Future of Finance conference being held in Katwijk, The Netherlands.

The amount raised will be used by Yes Bank to finance Green Infrastructure including solar and wind projects in the renewable energy space. This issuance would be externally assured by a reputed third party. An external annual review and monitoring would be undertaken on the use of proceeds in line with the Green Bond Principles 2016. This is the third such green bond issuance by Yes Bank in the last 18 months, after the successful maiden issuance of Rs 1000 crore ($160 million equivalent) in February 2015 followed by the Rs 315 crore ($50 million equivalent) private placement to International Finance Corporation (IFC), Washington in August 2015.

India is currently actively tapping into its renewable energy potential with the announced target of 175 gigawatt (GW) of capacity installation by 2022, and favourable policy support. India is estimated to require over $150 billion (about 10 lakh crore equivalent) for achieving the renewable energy target by 2022, the bank said in a statement.

Green Bonds have been emerging as one of the primary sources of financing for renewable energy across the world. Globally, the issues amounted to almost $46 billion in 2015, and Indias Green Bond market also has seen an exponential growth, touching $2 billion, post Yes Banks first issue in February 2015. Such issuances will catalyze the market for Green Bonds in India and encourage responsible investors to facilitate funding towards renewable and clean energy projects, it added.

Yes Banks net profit rose 32.8% to Rs 731.80 crore on 25.4% growth in operating income to Rs 4762.83 crore in Q1 June 2016 over Q1 June 2015.

Yes Bank is one of the leading private sector banks in India.

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8K Miles Software gains after fixing record date for stock split, bonus issue
Sep 27,2016

The announcement was made after market hours yesterday, 26 September 2016.

Meanwhile, the BSE Sensex was up 81.02 points, or 0.29%, to 28,375.30.

On BSE, so far 4,942 shares were traded in the counter, compared with average daily volume of 9,089 shares in the past one quarter. The stock hit a high of Rs 1,976 and a low of Rs 1,924.60 so far during the day. The stock hit a 52-week high of Rs 2,550 on 14 January 2016. The stock hit a 52-week low of Rs 1,275 on 12 February 2016. The stock had underperformed the market over the past 30 days till 26 September 2016, falling 5.73% compared with 1.84% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 3.06% as against Sensexs 6.67% rise.

The small-cap company has equity capital of Rs 11.44 crore. Face value per share is Rs 10.

On 24 August 2016, 8K Miles Software Services announced that its board approved splitting each equity share into two (2-for-1) and issuing one bonus share for three shares held (1:3).

On a consolidated basis, net profit of 8K Miles Software Services rose 167.73% to Rs 19.33 crore on 105.44% rise in net sales to Rs 103.87 crore in Q1 June 2016 over Q1 June 2015.

8K Miles Software Services is a global Cloud, Software as a Service (SaaS) and Security Solutions company based in the San Francisco Bay area.

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IRB Infra gains after winning order
Sep 27,2016

The announcement was made after market hours yesterday, 26 September 2016.

Meanwhile, the BSE Sensex was up 102.13 points, or 0.36%, to 28,396.41.

On BSE, so far 83,000 shares were traded in the counter, compared with average daily volume of 2.95 lakh shares in the past one quarter. The stock hit a high of Rs 264.90 and a low of Rs 261.80 so far during the day. The stock hit a 52-week high of Rs 272.20 on 20 October 2015. The stock hit a 52-week low of Rs 197 on 24 June 2016. The stock had outperformed the market over the past 30 days till 26 September 2016, rising 10.25% compared with 1.84% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.74% as against Sensexs 6.67% rise.

The mid-cap company has equity capital of Rs 351.45 crore. Face value per share is Rs 10.

IRB Infrastructure Developers said it received letter of award from National Highways Authority of India (NHAI) for the project of six laning from Udaipur to Rajasthan/Gujarat border i.e from km 287.40 to 401.20 section of NH-8 in the states of Rajasthan and Gujarat. The project will be on design, build, finance, operate and transfer (DBFOT) mode under National Highways Development Project Phase V.

The estimated project cost of the company is approximately Rs 2100 crore. The concession period of the project is 21 years including construction period of 910 days. The company will get tolling rights on project from the appointed date. The company has offered premium of Rs 163.80 crore to NHAI in terms of the concession agreement.

On a consolidated basis, net profit of IRB Infrastructure Developers rose 10.4% to Rs 181.84 crore on 36.8% rise in net sales to Rs 1517.33 crore in Q1 June 2016 over Q1 June 2015.

IRB Infrastructure Developers is an integrated infrastructure development and construction company with significant experience in toll roads and highways sector. The company is one of the largest private developers in India.

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Suven Life Sciences turns volatile after securing 2 product patents
Sep 26,2016

The announcement was made during trading hours today, 26 September 2016.

Meanwhile, the BSE Sensex was down 394.24 points, or 1.38%, to 28,273.98.

On BSE, so far 1.04 lakh shares were traded in the counter, compared with average daily volume of 63,511 shares in the past one quarter. Trading was volatile on the counter. The stock rose 7.30% at the days high of Rs 195.80 in intraday trade. The stock fell 0.50% at the days low of Rs 188 in intraday trade. The stock hit a 52-week high of Rs 308.70 on 5 October 2015. The stock hit a 52-week low of Rs 144.35 on 19 February 2016. The stock had underperformed the market over the past 30 days till 23 September 2016, sliding 4.46% compared with 2.99% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 0.19% as against Sensexs 8.60% rise.

The small-cap company has equity capital of Rs 12.73 crore. Face value per share is Re 1.

Suven Life Sciences announced that the grant of one product patent from India and one product patent from Japan corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2026 and 2032 respectively.

The granted claims of the patents are from the mechanism of action include the class of selective 5-HT6 compounds and H3 Inverse agonist compounds and are being developed as therapeutic agents and are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimers disease, Attention deficient hyperactivity disorder (ADHD), Huntingtons disease, Major Depressive disorder (MDD), Parkinson and Schizophrenia, the company said in statement.

With these new patents, Suven has a total of 19 granted patents from India and 19 granted patents from Japan. These granted patents are exclusive intellectual property of Suven and are achieved through the internal discovery research efforts. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II, it added.

Suven Life Sciences consolidated net profit rose 58.2% to Rs 32.58 crore on 31.7% rise in net sales to Rs 133.23 crore in Q1 June 2016 over Q1 June 2015.

Suven Life Sciences is a biopharmaceutical company specializing in drug discovery and developmental activities in central nervous system disorders and contract research and manufacturing services (CRAMS).

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Minda Corporation drops after huge bulk deal
Sep 26,2016

Meanwhile, the S&P BSE Sensex was down 370.98 points or 1.29% at 28,297.24

Bulk deal boosted volume on the Minda Corporation scrip. On BSE, so far 1.51 crore shares were traded in the counter as against average daily volume of 35,061 shares over the past one quarter. The stock hit a high of Rs 109.70 and low of Rs 95.75 so far during the day. The stock hit a record high of Rs 143.60 on 12 July 2016. The stock hit a 52-week low of Rs 71.50 on 29 September 2015. The stock had underperformed the market over the past 30 days till 23 September 2016, sliding 7.43% compared with 2.99% rise in the Sensex. The scrip also underperformed the market in past one quarter, declining 2.68% as against Sensexs 8.60% rise.

The small-cap company has equity capital of Rs 41.86 crore. Face value per share is Rs 2.

On a consolidated basis, Minda Corporations net profit rose 22.92% to Rs 24.88 crore on 31.09% rise in total income to Rs 699.46 crore in Q1 June 2016 over Q1 June 2015.

Minda Corporation is a diversified company with a product portfolio encompassing from mechanical and electronic security system, electronic controllers for electric vehicles and for auto OEMs across the globe. It also manufactures die casting parts for auto and consumer durable industry.

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Adlabs Entertainment soars about 48% in four sessions
Sep 26,2016

Meanwhile, the BSE Sensex was down 355.91 points, or 1.24%, to 28,312.31.

Volume was high on the counter. On BSE, so far 26.25 lakh shares were traded in the counter, a 20.52-fold surge over two-week average daily volume of 1.28 lakh shares. The stock hit a high of Rs 117.30 and a low of Rs 102.40 so far during the day. The stock hit a 52-week high of Rs 145.40 on 31 December 2015. The stock hit a record low of Rs 68 on 29 February 2016. The stock had outperformed the market over the past 30 days till 23 September 2016, rising 25.17% compared with 2.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 31.58% as against Sensexs 8.60% rise.

The small-cap company has equity capital of Rs 79.90 crore. Face value per share is Rs 10.

Shares of Adlabs Entertainment have risen 47.79% in four trading sessions from its close of Rs 77 on 20 September 2016.

Adlabs Entertainment clarified during trading hours today, 26 September 2016, that the increase in the share price and volume of the companys stock is market driven and the management of the company is in no way connected with any such increase in volume. The company has not withheld any material information that would have a bearing on the scrip, it added.

Adlabs Entertainment reported net loss of Rs 19.23 crore in Q1 June 2016, higher than net loss of Rs 15.52 crore in Q1 June 2015. Net sales rose 7.25% to Rs 83.10 crore in Q1 June 2016 over Q1 June 2015.

Adlabs Entertainment operates the Imagica theme park located at Khalapur, off the Mumbai-Pune express highway.

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Bank of Baroda drops after bulk deal
Sep 26,2016

Meanwhile, the S&P BSE Sensex was down 367.34 points, or 1.28% at 28,300.88

Bulk deal boosted volume on the scrip. On BSE, so far 25.50 lakh shares were traded in the counter, compared with average daily volume of 12.60 lakh shares in the past one quarter. The stock hit a high of Rs 169.35 and low of Rs 166.15 so far during the day. The stock hit a 52-week high of Rs 190.90 on 8 October 2015. The stock hit a 52-week low of Rs 109.45 on 12 February 2016. The stock had outperformed the market over the past 30 days till 23 September 2016, rising 4.51% compared with 2.99% rise in the Sensex. The scrip outperformed the market in past one quarter, rising 15.07% as against Sensexs 8.60% rise.

The large-cap state-run bank has equity capital of Rs 460.83 crore. Face value per share is Rs 2.

Bank of Barodas net profit fell 59.74% to Rs 423.62 crore on 2.99% decline in total income to Rs 11877.91 crore in Q1 June 2016 over Q1 June 2015.

Government of India owned 59.24% stake in Bank of Baroda (as on 30 June 2016).

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Gayatri Projects spurts about 10% in six sessions
Sep 26,2016

Meanwhile, the BSE Sensex was down 312.77 points, or 1.09%, to 28,355.45.

On BSE, so far 4,267 shares were traded in the counter, compared with average daily volume of 3,440 shares in the past one quarter. The stock hit a high of Rs 709 and a low of Rs 690.55 so far during the day. The stock hit a record high of Rs 790 on 23 September 2016. The stock hit a 52-week low of Rs 465 on 29 September 2015. The stock had underperformed the market over the past 30 days till 23 September 2016, falling 1.75% compared with 2.99% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 11.06% as against Sensexs 8.60% rise.

The small-cap company has equity capital of Rs 35.45 crore. Face value per share is Rs 10.

Shares of Gayatri Projects have risen 9.59% in six trading sessions from its close of Rs 635.25 on 15 September 2016.

The stock rose 1.65% in 686.70 on Friday, 23 September 2016, after the company said it secured a Rs 1255 crore contract in a joint venture with Russian construction company PTPS. The contract is for rehabilitation and upgradation of four laning of a highway in Odisha on engineering, procurement, and construction (EPC) mode. The announcement was made during market hours on Friday, 23 September 2016.

Gayatri Projects net profit jumped 50.83% to Rs 16.35 crore on 5.73% growth in total income to Rs 432.44 crore in Q1 June 2016 over Q1 June 2015.

Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, and a special focus on road and irrigation projects.

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Marksans Pharma surges after getting USFDA approval for Loratadine
Sep 26,2016

The announcement was made during market hours today, 26 September 2016.

Meanwhile, the S&P BSE Sensex was down 323.75 points, or 1.13%, to 28,344.47

On BSE, so far 42.35 lakh shares were traded in the counter, compared with an average daily volume of 6.88 lakh shares in the past one quarter. The stock hit a high of Rs 53.85 and low of Rs 47.45 so far during the day. The stock hit a 52-week high of Rs 113.80 on 28 December 2015. The stock hit a 52-week low of Rs 33.45 on 1 March 2016. The stock had outperformed the market over the past 30 days till 23 September 2016, rising 16.85% compared with 2.99% rise in the Sensex. The scrip outperformed the market in past one quarter, rising 10.51% as against Sensexs 8.60% rise.

The small-cap company has an equity capital of Rs 40.93 crore. Face value per share is Re 1.

Marksans Pharma said that US Food and Drug Administration (USFDA) has granted approval to the company for an Abbreviated New Drug Application (ANDA) for Loratadine liquid filled capsules 10 mg. Loratadine liquid filled capsules 10 mg is therapeutically equivalent to the reference listed drug Claritin Liqui-Gels Capsules 10 mg of Bayer Healthcare LLC. Loratadine is an antihistamine that reduces the effects of natural chemical histamine in the body. Loratadine is used to treat sneezing, runny nose, watery eyes, hives, skin rash, itching and other allergy symptoms.

Marksans Pharmas consolidated net profit fell 96.76% to Rs 1.02 crore on 11.14% fall in net sales to Rs 186.75 crore in Q1 June 2016 over Q1 June 2015.

Marksans Pharma is engaged in research, manufacturing and marketing of generic pharmaceutical formulation in the global market.

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Volumes jump at Vesuvius India counter
Sep 26,2016

Vesuvius India clocked volume of 1.07 lakh shares by 12:30 IST on BSE, a 302.64-times surge over two-week average daily volume of 354 shares. The stock fell 0.27% to Rs 980.

Crompton Greaves Consumer Electricals notched up volume of 67.16 lakh shares, a 135.04-fold surge over two-week average daily volume of 50,000 shares. The stock rose 0.51% to Rs 157.80.

Super Sales India saw volume of 1.55 lakh shares, a 30.28-fold surge over two-week average daily volume of 5,000 shares. The stock fell 0.01% to Rs 610.

Adlabs Entertainment clocked volume of 20.31 lakh shares, a 15.88-fold surge over two-week average daily volume of 1.28 lakh shares. The stock rose 13.87% to Rs 114.10.

NTPC saw volume of 27.89 lakh shares, a 13.84-fold rise over two-week average daily volume of 2.02 lakh shares. The stock fell 0.76% to Rs 155.70.

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Dilip Buildcon gains after winning two orders
Sep 26,2016

The announcements were made after market hours on Friday, 23 September 2016.

Meanwhile, the BSE Sensex was down 207.25 points, or 0.72%, to 28,460.97.

On BSE, so far 90,000 shares were traded in the counter, compared with average daily volume of 77,000 shares in the past two-weeks. The stock hit a high of Rs 248 and a low of Rs 238.60 so far during the day. The stock hit a record high of Rs 258.80 on 12 August 2016. The stock hit a record low of Rs 215.40 on 29 August 2016. The stock had underperformed the market over the past 30 days till 23 September 2016, rising 0.97% compared with 2.99% rise in the Sensex.

Shares of Dilip Buildcon were listed on the stock exchanges on 11 August 2016. On that day, the stock debuted at Rs 240, a premium of 9.59% over the initial public offer (IPO) price of Rs 219 per share.

The mid-cap company has equity capital of Rs 136.77 crore. Face value per share is Rs 10.

Dilip Buildcon (DBL) has received orders from Ministry of Road Transport and Highway (MORTH) and National Highways Authority of India (NHAI).

The project from MORTH involves rehabilitation and upgradation of Eeppurpalem - Ongole section from Km 195+000 to Km 254+500 of national highway (NH)-214A (New NH-216) to two lane with paved shoulder in the state of Andhra Pradesh under NHDP - IV on engineering, procurement and construction (EPC) basis at a project cost of Rs 350.01 crore having length of 57.874 Km and completion period of 24 months.

The Letter of Award from NHAI involves four laning with paved shoulders of NH-6 from Chichra to Kharagpur (Km 185.150 to Km 134.400) including rehabilitation of existing four lane road from Km 134.400 to Km 129.600 in the state of West Bengal under EPC mode with a project cost of 613.09 and completion period of 30 months.

DBLs consolidated net profit rose 124% to Rs 196.60 crore on 56% growth in net sales to Rs 4315.40 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

DBL is one of the leading road-focused engineering, procurement and construction (EPC) contractors in India.

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Welspun India gains after securing patent
Sep 26,2016

The announcement was made after market hours on Friday, 23 September 2016.

Meanwhile, the BSE Sensex was down 165.50 points, or 0.58%, to 28,502.72.

On BSE, so far 3.19 lakh shares were traded in the counter, compared with average daily volume of 15.26 lakh shares in the past one quarter. The stock hit a high of Rs 56.80 and a low of Rs 55.80 so far during the day. The stock hit a record high of Rs 119.90 on 14 June 2016. The stock hit a 52-week low of Rs 46.35 on 30 August 2016. The stock had underperformed the market over the past 30 days till 23 September 2016, rising 1.93% compared with 2.99% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 46.68% as against Sensexs 8.60% rise.

The mid-cap company has equity capital of Rs 100.47 crore. Face value per share is Re 1.

Welspun India announced that it has secured the Interactive Textile Article and Augmented Reality System patent, which protects Welspuns new product line TILT, a new brand from Welspun that focuses on seamlessly integrating technology into textiles.

Welspun Indias consolidated net profit rose 10.3% to Rs 201.85 crore on 11.3% rise in net sales to Rs 1386.46 crore in Q1 June 2016 over Q1 June 2015.

Welspun India is the leading home fashions supplier in the USA and amongst the top 3 global manufacturers of bed and bath linen.

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Power Mech Projects gains after new order win
Sep 26,2016

The announcement was made on Saturday, 24 September 2016.

Meanwhile, the S&P BSE Sensex was down 194.99 points, or 0.68% to 28,473.23

On BSE, so far 3,940 shares were traded on the counter as against average daily volume of 1,625 shares in the past one quarter. The stock hit a high of Rs 513.30 and a low of Rs 500 so far during the day. The stock had hit a record low of Rs 450 on 30 August 2016. The stock had hit a record high of Rs 701 on 12 January 2016. The stock had outperformed the market over the past 30 days till 23 September 2016, rising 3.19% compared with 2.99% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 9.7% as against Sensexs 8.60% rise.

The small-cap company has equity capital of Rs 14.71 crore. Face value per share is Rs 10.

Power Mech Projects said that the company has received a letter of intent/work order worth Rs 145.46 crore. The first order is for erection, testing and commissioning of boiler and boiler auxilary work of a 660 megawatts (MW) coal based Harduaganj thermal power project, Harduaganj, Uttar Pradesh, for a total contract price of Rs 107.27 crore inclusive of all taxes, surcharges, cess and excluding service tax. The second order is for piping installation in power block - boiler 1 & FGD 1 at Shuqaiq steam power plant project at Shuqaiq, Kingdom of Saudi Arabia (KSA) for a total contract price of Rs 38.19 crore inclusive of all taxes.

Power Mech Projects is an integrated power infrastructure services provider.

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GNA Axles sees good debut
Sep 26,2016

The stock debuted at Rs 248.50, a premium of 20.05% to the initial public offer (IPO) price. So far the stock hit a high of Rs 260 and low of Rs 242.20. On BSE, so far 3.81 lakh shares were traded on the counter.

The IPO of GNA Axles saw strong response from investors. Bidding for the IPO ended on 16 September 2016. The IPO received bids for 24.52 crore shares and it was subscribed 54.88 times. The company had priced the initial public offer (IPO) at the top end of the Rs Rs 205 to Rs 207 price band.

The qualified institutional buyers (QIBs) category was subscribed 17.18 times. The non-institutional investors category was subscribed 217.47 times. The retail individual investors (RIIs) category was subscribed 11.84 times.

GNA Axles had raised Rs 37.88 crore by selling 18.30 lakh shares to anchor investors ahead of the opening of the companys initial public offer (IPO). The shares were allotted to the anchor investors at Rs 207 per share, the top end of the Rs 205 to Rs 207 per share price band for the IPO.

The net proceeds from the IPO will be utilised towards the purchase of plant and machinery, to meet working capital requirements; and for the general corporate purposes.

GNA Axles consolidated net profit rose 20.17% to Rs 25.96 crore on 18.18% rise in total revenue to Rs 508.94 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

Established in 1993, GNA Axles is into manufacturing of rear axle shafts used in on-highway and off-highway vehicular segments in India. The company manufactures and supplies a diverse range of rear axle shafts, other shafts and spindles for the on-highway segment, i.e. for light commercial vehicles (LCVs), medium commercial vehicles (MCVs) and heavy commercial vehicles (HCVs) and other transport vehicles such as buses. The company also manufactures and supplies a diverse range of rear axle shafts and other shafts for the off-highway segment, i.e. for agricultural tractors and machinery, forestry and construction equipments, electric carts and other specialty vehicles used in mining and defense sectors. The company also manufactures solid and hollow spindles used in the axle assembly for various vehicles and equipments in the on-highway segment which it supplies to export customers.

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