Sanghvi Forging & Engineering Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,170,597 (50%) | — | ₹1,845 Cr |
| NII (HNI) | — | 651,179 (15%) | — | ₹554 Cr |
| Retail | — | 1,519,419 (35%) | — | ₹1,292 Cr |
| Σ Total | — | 4,341,195 (100%) | — | ₹36,900 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹5,950 |
| Retail (Max) | 13 | 910 | ₹77,350 |
| S-HNI (Min) | 14 | 980 | ₹83,300 |
| B-HNI (Min) | 67 | 4,690 | ₹398,650 |
Financial Statements Amount in Lakhs
| Metric | 31-Dec-10 | 31-Mar-10 | 31-Mar-09 |
|---|---|---|---|
| Revenue | 2,933 | 2,890 | 2,953 |
| Profit After Tax | 295 | 252 | 232 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To meet the requirement of margin money for working capital for the New Project. – 105.14
- 2 To Part finance the cost of setting up 15,000 MTPA open die forging unit (with single piece forging up to 40 MT) to manufacture proof machined products viz. stepped shafts, bars & hollows, blocks, flanged shafts, gear blanks, forging items etc at G.I.D.C. Industrial. Estate (at plot no. 1401, 1402 & 1403), Waghodia District Vadodara. –
- 3 To meet the pre-operative expenses including Issue expenses. –
Company Overview
Incorporated in 1989, Sanghvi Forging & Engineering Limited (SFEL) is engaged in the business of manufacture and marketing of Stainless Steel Forged and Machined Subtends, Forged Flanges, Forged Fittings and CNC Machined Forged Parts & Automobile Components in India. Company has its own Forge Shop, Die Shop, Heat Treatment Shop, CNC based Machine Shop.
SFEL is a supplier to major projects in sectors like Refineries, Petrochemicals, Fertilizers, Nuclear Power plant, Ship Building, Off shore and Auto mobiles. Company has a wide range of client from different sectors including Shell, IOC, HPCL, BPCL, RIL, L&T and Godrej. Company also exports its product to more than 20 countries.
Company has an operational track record of around 20 years. During FY10, SFEL has reported PAT of Rs.2.61 Cr on total income of Rs.29.22 Cr against PAT of Rs.2.50 Cr on total income of Rs.29.55 Cr in FY09. In 9MFY11, SFEL has earned PAT of Rs.3.09 Cr on total income of Rs.26.89 Cr.