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HGI Automotives IPO IPO

SME[.][.]
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Open
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Allotment
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Listing
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Issue Size
75,00,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight

Restated Financials (₹ Cr.)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets73.9745.8136.27
Total Income122.2599.7984.22
Profit After Tax8.583.642.12
EBITDA18.5410.387.42
NET Worth17.769.275.96
Reserves and Surplus16.307.894.25
Total Borrowing42.6627.3922.64
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Happy Steels Ltd.SME₹25.00 Cr₹669.76₹68.50+3.79%₹62.25 (-0.32%)
Autofurnish Ltd.SME₹14.60 Cr₹4111.64₹45.15+10.12%₹58.88 (+6.96%)
Gallard Steel Ltd.SME₹37.50 Cr₹15017.31₹234.25+56.17%₹157.00 (+0.00%)
SEDEMAC Mechatronics Ltd.Mainboard₹1,087.35 Cr₹1352126.91₹1,451.10+7.33%₹2,689.20 (-2.30%)
Tenneco Clean Air India Ltd.Mainboard₹3,600.00 Cr₹39728.97₹490.80+23.63%₹539.95 (-0.71%)
Studds Accessories Ltd.Mainboard₹455.49 Cr₹58533.06₹560.30-4.22%₹450.60 (+2.14%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Prepayment or repayment of outstanding secured borrowings availed by the Company13.50
2Meeting Capex Requirement for purchasing plant and machinery28.08
3General Corporate Purpose

About HGI Automotives IPO

Incorporated in 1998, HGI Automotives Limited is manufacturer of the non-ferrous pressure die cast components. The company specializing in High-Pressure Die Casting, Machining and painting of non-ferrous components catering to various entities in the automotive, agriculture and white goods. The company product portfolio encompasses a diverse range of Aluminium & Zinc components such as Inside Rear View Mirror, Base Frames for Mirror, Brackets for Wiper, Housing, Engine parts, Brake parts, FFD, PCB Cover, Manifold, Pump Body, Starter motor & Pulleys/Inner Hub for washing machine and Head covers for compressor, etc. The company design and manufacture customised automotive components for their customers which gets either assembled at the respective OEM’s or at the Tier-1 which assembled for the OEM’s. Their manufacturing units, are located in Faridabad. Competitve Strengths: Customised Manufacturing Capability Established Client Relationships Integrated Manufacturing Infrastructure Established market setup and diversified product range In-House Testing and Quality Assurance + Read More

Contact Details

HGI Automotives Ltd. AddressPlot No. 19,Sector-58,Faridabad, Haryana, 121001+91-8800195569info@hgiautomotives.comVisit Website