GNA Axles Ltd share Price Today

GNA Axles Limited is among the leading manufacturers of rear axle shafts used in on-highway and off-highway vehicular segments in India. Since its first supplies in 1995 and its first exports in 2002-2003, it has grown to production levels of more than 2.26 million components in Fiscal 2016. It 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. It 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 its export customers. GNA Axles has two manufacturing facilities: Unit I located in village Mehtiana, district Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district Kapurthala, Punjab. Both of these manufacturing facilities are ISO/TS 16949:2009 certified for manufacture of rear axle shafts, other shafts and spindles for automotive applications. GNA Axles Limited was incorporated on September 6, 1993, at Jalandhar, as a public limited company. The Company obtained a certificate of commencement of business on April 5, 1994. During the financial year ended 31 March 2017, the company successfully completed its Initial Public Offer of 63,00,000 Equity shares of Rs 10/- each for cash at a premium of Rs 197/- per share aggregating to Rs 130.41 crore. The issue opened on 14th September, and closed on 16th September, 2017. The Equity shares of the Company got listed on BSE Limited and National Stock Exchange of India Limited with effect from 26th September 2016.