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)

     

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

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

- 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

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