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Tirupati Forge IPO is a fixed price issue of ₹5.22 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹5.22 crore.
Tirupati Forge IPO bidding started from Sep 29, 2017 and ended on Oct 4, 2017. The shares got listed on NSE SME on Oct 12, 2017.
Tirupati Forge IPO price is ₹29.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,16,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,32,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Tirupati Forge IPO RHP for detailed Information.
| IPO Date | September 29, 2017 to October 4, 2017 |
| Listing Date | October 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price Final | ₹29 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹5.22 Cr) |
| Reserved for Market Maker | 92,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.2668 Cr) |
| Net Offered to Public | 17,08,000 shares (aggregating up to ₹4.95 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 40,12,000 shares |
| Share Holding Post Issue | 58,12,000 shares |
Tirupati Forge IPO offers total 18,00,000 shares. Out of which 8,54,000 (47.44%) allocated to NII, 8,54,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 92,000 (5.11%) |
| NII (HNI) Shares Offered | 8,54,000 (47.44%) |
| Retail Shares Offered | 8,54,000 (47.44%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Tirupati Forge IPO opens on September 29, 2017, and closes on October 4, 2017.
| IPO Open Date | Fri, Sep 29, 2017 |
| IPO Close Date | Wed, Oct 4, 2017 |
| Tentative Listing Date | Thu, Oct 12, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 4, 2017 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,16,000 |
| Retail (Max) | 1 | 4,000 | ₹1,16,000 |
| HNI (Min) | 2 | 8,000 | ₹2,32,000 |
Incorporated in 2012, Tirupati Forge Ltd is a manufacturer and supplier of quality assured Forged Flanges, Auto Parts, Automotive Components and Fitting Components. They are an ISO 9001:2008 certified Company and engaged in manufacturing of closed die forged products like auto component, bearings, gears, etc and forged flanges of mild steel, carbon steel, stainless steel etc. based out at Hadamtala Industrial Estate, Rajkot, Gujarat. These products are used in automotive machines, vehicles and various other machines that we use in our daily life.
The company was initially set up to cater requirements of international market mainly to US and gradually, it started exporting to Italy, Morocco etc as well as in domestic market. They have equipped forge shop with all supporting facilities like in house die shop, ring rolling machines, CNC Machine Shop, CNC Drilling, Stamping Machine, Automated Paint Line etc.
The Company Tirupati Forge IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 2.94 |
| 2 | Repayment of Loan | 1.25 |
| 3 | General Corporate Purpose | 0.38 |
[Dilip Davda] Considering aggressive pricing, risk savvy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | October 12, 2017 |
| BSE Script Code | |
| NSE Symbol | FORGE |
| ISIN | INE319Y01016 |
| Final Issue Price | ₹29 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹29.00 |
| Open | ₹34.80 |
| Low | ₹30.50 |
| High | ₹34.80 |
| Last Trade | ₹34.10 |
Tirupati Forge Ltd.
Plot No. 1 - 5, Survey No. 92/1,
Near Shan Cement, Hadamtala Industrial Area,
Kotda Sangani Hadamtala
Rajkot, Gujarat, 360311
Phone: 02827 - 27 0 512 /13
Email: info@tirupatiforge.com
Website: http://www.tirupatiforge.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: irupatifoge.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Tirupati Forge IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹5.22 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000.
The IPO opens on September 29, 2017, and closes on October 4, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Tirupati Forge IPO using UPI as a payment gateway. Zerodha customers can apply in Tirupati Forge IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tirupati Forge IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tirupati Forge IPO opens on September 29, 2017 and closes on October 4, 2017.
Tirupati Forge IPO lot size is 4000, and the minimum amount required for application is ₹1,16,000.
You can apply in Tirupati Forge 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 Tirupati Forge IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tirupati Forge IPO allotment status.
The Tirupati Forge IPO listing date is on Thursday, October 12, 2017.
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