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:
Tirupati Forge's financial performance (in INR lakh) |
||||||
FY2014 |
FY2015 |
FY2016 |
FY2017 |
|||
Total Assets |
|
|
986.89 |
1415.65 |
971.68 |
1033.01 |
Total revenue |
703.5 |
3,037.0 |
1,827.6 |
1,636.8 |
||
Total expenses |
704.4 |
2,941.6 |
1,802.8 |
1,563.3 |
||
Profit after tax |
-0.6 |
70.4 |
17.0 |
50.5 |
Number of Times Subscribed (BSE + NSE) | |||||||
---|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total | |
Day 0 - Sep 29, 2017IST | 0 | 1,100,000 | 280,000 | - | - | 1,380,000 | |
Day 1 - Oct 03, 2017IST | 0 | 1,240,000 | 1,220,000 | - | - | 2,460,000 | |
Day 2 - Oct 04, 2017IST | 0 | 3,044,000 | 8,816,000 | - | - | 11,860,000 |
- | BSE | NSE |
---|---|---|
Issue Price | - | Rs 29.00 |
Open | - | Rs 34.80 |
Low | - | Rs 30.50 |
High | - | Rs 34.80 |
Last Trade | - | Rs 34.10 |
Volume | - | 1,708,000 |