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Hilton Metal Forging IPO is a fixed price issue of ₹38.15 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹38.15 crore.
Hilton Metal Forging IPO bidding started from Apr 18, 2007 and ended on Apr 24, 2007. The shares got listed on BSE, NSE on May 24, 2007.
Hilton Metal Forging IPO price is ₹70.00 per share . The lot size for an application is 175. The minimum amount of investment required by an individual investor (retail) is ₹12,250 (175 shares). The lot size investment for sNII is 17 lots (2,975 shares), amounting to ₹2,08,250, and for bNII, it is 82 lots (14,350 shares), amounting to ₹10,04,500.
Centrum Capital Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue.
Refer to Hilton Metal Forging IPO RHP for detailed Information.
| IPO Date | April 18, 2007 to April 24, 2007 |
| Listing Date | May 24, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 175 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 54,50,016 shares (aggregating up to ₹38.15 Cr) |
| Reserved for MF/Fis | 5,000 shares (aggregating up to ₹0.0350 Cr) |
| Net Offered to Public | 54,45,016 shares (aggregating up to ₹38.12 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 69,93,000 shares |
| Share Holding Post Issue | 1,24,43,000 shares |
Hilton Metal IPO offers total 54,45,000 shares. Out of which 5,45,000 (10.01%) allocated to QIB, 24,50,000 (45.00%) allocated to NII, 24,50,000 (45.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 5,45,000 (10.01%) | NA |
| NII (HNI) Shares Offered | 24,50,000 (45.00%) | NA |
| Retail Shares Offered | 24,50,000 (45.00%) | 14,000 |
| Total Shares Offered | 54,45,000 (100.00%) |
Hilton Metal Forging IPO opens on April 18, 2007, and closes on April 24, 2007.
| IPO Open Date | Wed, Apr 18, 2007 |
| IPO Close Date | Tue, Apr 24, 2007 |
| Tentative Listing Date | Thu, May 24, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 24, 2007 |
Investors can bid for a minimum of 175 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 175 | ₹12,250 |
| Retail (Max) | 16 | 2,800 | ₹1,96,000 |
| S-HNI (Min) | 17 | 2,975 | ₹2,08,250 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in Sept 1997, Hilton Metal Forging Limited (HMFL) is a Mumbai based manufacturer and exporter of forged components. The Company specializes in the manufacture of forged items for the oil and gas sector, petrochemical, pharmaceutical, automobile industries and also planning to manufacture for other equipment manufacturers (OEMs). It manufactures pipe fittings, (flanges, stub ends (seamless), screwed fittings, valves and fittings and various other components as per the customer’s requirement in all types of alloys for automotive, oil and gas industries.
HMFL has a total installed capacity of 11,100 MT per annum and can execute orders for a wide range of forged items weighing from 0.5 kg (1.10 lbs) to 750 kg (1650 lbs). for the oil and gas sector, petrochemical, pharmaceutical, automobile industries and is entering into the field of other Original Equipment Manufacturers (OEMs).
| KPI | Values |
|---|---|
| RoNW | 38.61% |
The Company Hilton Metal IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Land | 2.00 |
| 2 | Site Development of Plot No. 1, 2, 3 & 15 | 0.50 |
| 3 | Construction of Factory Building | 15.31 |
| 4 | Plant & Machineries | 355.67 |
| 5 | Balancing Equipements | 6.60 |
| 6 | Office Equipements | 1.00 |
| 7 | Furniture & Fixtures | 6.00 |
| 8 | Contingences | 18.93 |
| 9 | Preliminary & pre-operative expenses | 30.00 |
| 10 | Margin For Working Capital | 45.50 |
ICRA has assigned an IPO Grade 2 indicating below average fundamentals, to the proposed initial public offering of Hilton Metal Forging Limited (HMFL).
ICRA assigns IPO gradings on a scale of IPO Grade 5 through IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating weak fundamentals. (Source: ICRA ).
| Listing Date | May 24, 2007 |
| BSE Script Code | 532847 |
| NSE Symbol | HILTON |
| ISIN | INE788H01017 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | B1 |
Hilton Metal Forging Ltd.
60, Whispering Palm Centre,
Lokhandwala Township,
Kandivali (East), Mumbai - 400 101
Mumbai, Maharashtra
Phone: +91-22-28863359
Email: ipo@hmfl.co.in
Website: http://www.hmfl.co.in
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: hilton@sharexindia.com
Website:
Hilton Metal Forging IPO is a main-board IPO of 54,50,016 equity shares of the face value of ₹10 aggregating up to ₹38.15 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 175.
The IPO opens on April 18, 2007, and closes on April 24, 2007.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Hilton Metal Forging IPO using UPI as a payment gateway. Zerodha customers can apply in Hilton Metal Forging IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hilton Metal Forging IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hilton Metal Forging IPO opens on April 18, 2007 and closes on April 24, 2007.
Hilton Metal Forging IPO lot size is 175, and the minimum amount required for application is ₹12,250.
You can apply in Hilton Metal 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 Hilton Metal Forging IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Hilton Metal Forging IPO allotment status.
The Hilton Metal Forging IPO listing date is on Thursday, May 24, 2007.
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