Tirupati Forge Ltd IPO

Add to Calendar 2017-09-29 12:00 AM 2017-10-04 12:00 AM Asia/Kolkata Tirupati Forge Ltd IPO Tirupati Forge Ltd India

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)






Total Assets







Total revenue






Total expenses






Profit after tax






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
  • Issue Size: • Rs 5.22 Cr

Current Bidding Status

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

Listing Day Trading Information

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

Tirupati Forge Ltd Red Herring Prospectus

Tirupati Forge Ltd User Rating


Tirupati Forge Ltd Life IPO Reviews

Tirupati Forge Ltd IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker


Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us