Fixed Price IPO | ₹38 Cr | Listed at BSE, NSE | Wed, Apr 18, 2007 - Tue, Apr 24, 2007
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 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) (based on upper price). 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 Open
Wed, Apr 18, 2007
IPO Close
Tue, Apr 24, 2007
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹87.10 Cr
| IPO Date | 18 to 24 Apr, 2007 |
| Listed on | Thu, May 24, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 175 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 54,50,016 shares (agg. up to ₹38 Cr) |
| Reserved for MF/Fis | 5,000 shares (agg. up to ₹0.0350 Cr) |
| Fresh Issue | 54,45,016 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 54,45,016 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 69,93,000 shares |
| Share Holding Post Issue | 1,24,43,000 shares |
| BSE Script Code / NSE Symbol | 532847 / HILTON |
| ISIN | INE788H01017 |
Hilton Metal Forging IPO comprises a total issue size of 54,45,000 shares. The net offer to the public is 54,40,000 shares, after excluding 5,000 shares allotted on a firm basis. Of the Net offer 5,45,000 (10.01%) are allocated to QIB, 24,50,000 (45.00%) allocated to NII 24,50,000 (45.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 5,45,000 | 10.01% | 10.01% | NA |
| NII (HNI) Shares Offered | 24,50,000 | 45.00% | 45.00% | NA |
| Retail Shares Offered | 24,50,000 | 45.00% | 45.00% | 14,000 |
| Firm Reservations | ||||
| Mutual Fund Shares Offered | 5,000 | 0.09% | NA | |
| Total Shares Offered | 54,45,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 175 shares and in multiples thereof.
| 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 |
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).
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land | 0.20 |
| 2 | Site Development of Plot No. 1, 2, 3 & 15 | 0.05 |
| 3 | Construction of Factory Building | 1.53 |
| 4 | Plant & Machineries | 35.57 |
| 5 | Balancing Equipements | 0.66 |
| 6 | Office Equipements | 0.10 |
| 7 | Furniture & Fixtures | 0.60 |
| 8 | Contingences | 1.89 |
| 9 | Preliminary & pre-operative expenses | 3.00 |
| 10 | Margin For Working Capital | 4.55 |
| KPI | |
|---|---|
| RoNW | 38.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 97.81% | 54.97% |
| Market Cap | ₹87.10 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
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 ).
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager’s Fees, Registrar,Legal Advisor & Auditor’s Fees | 0.89 |
| 2 | Advertising & Marketing Expenses | 0.50 |
| 3 | Printing, stationery ,Distribution & Postage | 0.30 |
| 4 | Brokerage & Selling Commission | 0.57 |
| 5 | Other Expenses(Listing fees, Depository Charges etc) | 0.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹70.00 | ₹70.00 |
| Open | ₹75.00 | ₹73.10 |
| Low | ₹66.00 | ₹66.05 |
| High | ₹80.00 | ₹77.80 |
| Last Trade | ₹67.60 | ₹67.75 |
Lead Manager Reports
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 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 175.
The IPO opens on Wed, Apr 18, 2007, and closes on Tue, Apr 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 Wed, Apr 18, 2007 and closes on Tue, Apr 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 Thu, May 24, 2007.
