Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Gujarat Victory Forging Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on March 30, 2026 to raise funds through Initial Public Offer (IPO).
Gujarat Victory Forging Ltd. IPO is a Book Build Issue of 2.62 crore equity shares consisting of a fresh issue of upto 1.97 crore equity shares and an offer for sale (OFS) of upto 0.65 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Monarch Networth Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Gujarat Victory Forging IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,62,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 1,97,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 65,00,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 6,74,47,500 shares |
| Share Holding Post Issue | 8,71,47,500 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in September 1990, Gujarat Victory Forgings Limited manufactures non-ferrous metal products through the processing and recycling of metal scrap.
The company's product portfolio includes high-purity copper cathodes (99.96%- 99.99% copper) and copper-related products, such as tubes, pipes, ingots, busbars, rods, and master alloys (copper arsenic, phosphorus, nickel, chromium zirconium, and silicon alloys). These products are used in various industries, including power infrastructure, electric vehicles, construction, renewable energy, and storage.
The company has three manufacturing units, out of which one is located in Panchmahals, Gujarat, and the other two are situated in Vadodara, Gujurat.
As of February 28, 2026, we have 56 permanent and 0 contractual employees.
Competitive Strength:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 270.20 | 251.36 | 181.27 | 165.65 |
| Total Income | 354.91 | 614.11 | 515.46 | 547.41 |
| Profit After Tax | 22.37 | 20.38 | 9.31 | 6.09 |
| EBITDA | 20.60 | 28.38 | 15.34 | 12.00 |
| NET Worth | 109.27 | 87.01 | 64.32 | 54.19 |
| Reserves and Surplus | 108.96 | 86.68 | 64.08 | 53.97 |
| Total Borrowing | 37.41 | 26.73 | 25.50 | 11.27 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the capital expenditure requirement towards expansion of our existing Unit III at Vadodara by increasing the manufacturing capacity of copper cathodes; | 31.79 |
| 2 | Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company | 40.00 |
| 3 | General Corporate Purposes | |
| Total | 71.79 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 25.97% |
| ROCE | 27.01% |
| Debt/Equity | 0.32 |
| RoNW | 23.42% |
| PAT Margin | 3.35% |
| EBITDA Margin | 4.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.94% |
Lead Manager Reports
Gujarat Victory Forging IPO is a main-board IPO of 2,62,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Gujarat Victory Forging IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gujarat Victory Forging IPO using UPI as a payment gateway. Zerodha customers can apply in Gujarat Victory Forging IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gujarat Victory Forging IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gujarat Victory Forging IPO dates are not announced. Please check back again after some time.
Gujarat Victory Forging IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gujarat Victory Forging IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gujarat Victory Forging IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gujarat Victory Forging IPO allotment status.
The Gujarat Victory Forging IPO listing date is not yet announced. The tentative date of listing is .
