Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Fri, Sep 29, 2017 - Wed, Oct 4, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 29, 2017
IPO Close
Wed, Oct 4, 2017
Issue Price
₹29 per share
Market Cap (Pre-IPO)
₹16.85 Cr
| IPO Date | 29 Sep to 4 Oct, 2017 |
| Listed on | Thu, Oct 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹29 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 92,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2668 Cr) |
| Fresh Issue (Ex Market Maker) | 17,08,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 17,08,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 40,12,000 shares |
| Share Holding Post Issue | 58,12,000 shares |
| NSE Symbol | FORGE |
| ISIN | INE319Y01016 |
Tirupati Forge IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,08,000 shares, after excluding 92,000 shares allotted on a firm basis. Of the Net offer 8,54,000 (50.00%) allocated to NII 8,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,54,000 | 50.00% | 47.44% |
| Retail Shares Offered | 8,54,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 92,000 | 5.11% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 | Working Capital Requirements | 2.94 |
| 2 | Repayment of Loan | 1.25 |
| 3 | General Corporate Purpose | 0.38 |
The Tirupati Forge IPO is subscribed [.] times on October 4, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.45 |
| 2 | Regulatory fees | 0.06 |
| 3 | Marketing and Other Expenses | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹29.00 |
| Open | ₹34.80 |
| Low | ₹30.50 |
| High | ₹34.80 |
| Last Trade | ₹34.10 |
Lead Manager Reports
Tirupati Forge IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Sep 29, 2017, and closes on Wed, Oct 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 Fri, Sep 29, 2017 and closes on Wed, Oct 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 Thu, Oct 12, 2017.
