Tirupati Forge Ltd IPO
Tirupati Forge Limited is an ISO 9001:2008 certified Company engaged in manufacturing of closed die forged products like auto component, bearings, gears, etc. Company has a manufacturing facility located at Hadamtala Industrial Estate, Rajkot, Gujarat. Company’s facility is equipped with CNC machines which help them to align their products to internationally standards.
Date of establishment: Tirupati Forge Limited was incorporated in 2012
Product & Service Offering: Company manufactures products like auto component, bearings, gears, etc and forged flanges of mild steel, carbon steel, stainless steel, etc.
Promoters of Tirupati Forge Ltd : The promoters of the company are:
1. Hitesh Thummar
2. Ajay Sardhara
3. Bhargavi Thummar
Customer segment: It initially catered to the requirements of United States of America but gradually, it has started exporting products to Italy, Morocco, etc and domestic market.
Objects of the Issue: The objects of the Offer is to:-
- Working Capital Requirements
- Repayment of Loans
- To Finance General corporate expense
Company Financials:
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Tirupati Forge's financial performance (in INR lakh) |
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FY2014 |
FY2015 |
FY2016 |
FY2017 |
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Total Assets |
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986.89 |
1415.65 |
971.68 |
1033.01 |
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Total revenue |
703.5 |
3,037.0 |
1,827.6 |
1,636.8 |
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Total expenses |
704.4 |
2,941.6 |
1,802.8 |
1,563.3 |
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Profit after tax |
-0.6 |
70.4 |
17.0 |
50.5 |
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Issue Detail
- Issue Open: Sep 29, 2017
- Issue Close: Oct 04, 2017
- Issue Type: Fixed Price Issue IPO
- Face Value: Rs 10 Per Equity Share
- Price Band: Rs 29 Per Equity Share
- Bid Lot:4000 Shares
- Minimum Order Quantity:4000 Shares
- Listing At: NSE SME
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Issue Size:
Rs 5.22 Cr
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