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Open
4 May 2011
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Close
9 May 2011
3
Allotment
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Listing
Mon, May 23, 2011
Price Band
₹80 to ₹85
Issue Size
43,41,195 shares (agg. up to ₹37 Cr)
Lot Size
70 Shares
Listing Date
Mon, May 23, 2011
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.26x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the requirement of margin money for working capital for the New Project. | 7.00 |
| 2 | To Part finance the cost of setting up 15,000 MTPA open die forging unit (with single piece forging up to 40 MT) to manufacture proof machined products viz. stepped shafts, bars & hollows, blocks, flanged shafts, gear blanks, forging items etc at G.I.D.C. Industrial. Estate (at plot no. 1401, 1402 & 1403), Waghodia District Vadodara. | 8.25 |
| 3 | To meet the pre-operative expenses including Issue expenses. | 7.00 |
About Sanghvi Forging IPO
Incorporated in 1989, Sanghvi Forging & Engineering Limited (SFEL) is engaged in the business of manufacture and marketing of Stainless Steel Forged and Machined Subtends, Forged Flanges, Forged Fittings and CNC Machined Forged Parts & Automobile Components in India. Company has its own Forge Shop, Die Shop, Heat Treatment Shop, CNC based Machine Shop.SFEL is a supplier to major projects in sectors like Refineries, Petrochemicals, Fertilizers, Nuclear Power plant, Ship Building, Off shore and Auto mobiles. Company has a wide range of client from different sectors including Shell, IOC, HPCL, BPCL, RIL, L&T and Godrej. Company also exports its product to more than 20 countries. Company has an operational track record of around 20 years. During FY10, SFEL has reported PAT of Rs.2.61 Cr on total income of Rs.29.22 Cr against PAT of Rs.2.50 Cr on total income of Rs.29.55 Cr in FY09. In 9MFY11, SFEL has earned PAT of Rs.3.09 Cr on total income of Rs.26.89 Cr.+ Read More
Contact Details
Sanghvi Forging & Engineering Ltd. AddressSanghvi Forging & Engineering Ltd224/6-7 GIDC Industrial EstateWaghodiaVadodara, Gujarat, 391760+91-2668-263020/262201cs@sanghviforge.comVisit Website