Tirupati Forge IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 854,000 (47%) | — | ₹248 Cr |
| Retail | — | 854,000 (47%) | — | ₹248 Cr |
| Market Maker | — | 92,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 1,800,000 (100%) | — | ₹5,220 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 | 4,000 | ₹116,000 |
| Retail (Max) | 13 | 52,000 | ₹1,508,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,624,000 |
| B-HNI (Min) | 67 | 268,000 | ₹7,772,000 |
Financial Statements Amount in Lacs
| Metric | 31.03.2017 | 31.03.2016 | 31.03.2015 |
|---|---|---|---|
| Revenue | 1,637 | 1,828 | 3,037 |
| Net Worth | 271 | 220 | 203 |
| Total Assets | 1,033 | 972 | 1,416 |
| Reserves & Surplus | 192 | 142 | 125 |
| Total Borrowing | 382 | 382 | 382 |
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
- Working Capital Requirements – 2.94
- Repayment of Loan – 1.25
- General Corporate Purpose – 0.38
Company Overview
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.