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Sanghvi Forging IPO is a book built issue of Rs 36.90 crores.
Sanghvi Forging IPO bidding started from May 4, 2011 and ended on May 9, 2011. The shares got listed on BSE, NSE on May 23, 2011.
Sanghvi Forging IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 70 Shares. The minimum amount of investment required by retail investors is ₹5,950.
Arihant Capital Markets Ltd is the book running lead manager of the Sanghvi Forging IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sanghvi Forging IPO RHP for detailed information.
| IPO Date | May 4, 2011 to May 9, 2011 |
| Listing Date | May 23, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 70 Shares |
| Total Issue Size | 4,341,195 shares (aggregating up to ₹36.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 8,351,072 |
| Share holding post issue | 12,692,000 |
Sanghvi Forging IPO offers 4,612,525 shares. 2,306,262 (50.00%) to QIB, 691,879 (15.00%) to NII, 1,614,384 (35.00%) to RII. 23,062 RIIs will receive minimum 70 shares and (sNII) and (bNII) will receive minimum 2,380 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,306,262 (50.00%) | NA |
| NII (HNI) Shares Offered | 691,879 (15.00%) | |
| Retail Shares Offered | 1,614,384 (35.00%) | 23,062 |
| Total Shares Offered | 4,612,525 (100%) |
Investors can bid for a minimum of 70 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹5,950 |
| Retail (Max) | 33 | 2310 | ₹196,350 |
| Lot Size Calculator | |||
The promoters of the Company are:
1. Mr. Babulal Sanghvi
2. Mr. Jayanti Sanghvi
3. Mr. Naresh Sanghvi
4. Mr. Vikram Sanghvi
| Share Holding Pre Issue | 86.28% |
| Share Holding Post Issue |
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.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
| 31-Dec-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 2,932.71 | 2,889.83 | 2,952.83 | 2,387.18 | 1,965.93 | 1,398.81 |
| Profit After Tax (PAT) | 295.39 | 251.82 | 231.70 | 252.35 | 185.01 | 107.00 |
| KPI | Values |
|---|---|
| RoNW | 20.95% |
The object of the issue are:
1. 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, Waghodia District Vadodara;
2. To meet the requirement of margin money for working capital for the New Project;
3. To meet the pre-operative expenses including Issue expenses;
4. To achieve the benefits of listing on the stock exchanges.
The Sanghvi Forging IPO is subscribed 1.30 times on May 9, 2011 5:00:00 PM. The public issue subscribed 2.93 times in the retail category, 0.00 times in the QIB category, and 1.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 1.82 |
| Retail | 2.93 |
| Total | 1.30 |
CARE has assigned an IPO Grade 3 to Sanghvi Forging & Engineering Ltd. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Sanghvi Forging IPO Grading Report
As per CARE 'The grading draws strength from the experienced promoters and comfortable financial risk profile of SFEL marked by healthy (though fluctuating) profitability margin in the last three years, comfortable liquidity indicators and moderately levered capital structure. The grading also factors in SFEL’s diversified revenue-mix and relatively stable outlook for the end-user industries.'
| Listing Date | May 23, 2011 |
| BSE Script Code | 533411 |
| NSE Symbol | SANGHVIFOR |
| ISIN | INE263L01013 |
| Final Issue Price | ₹85 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹85.00 |
| ₹85.00 |
| ₹85.00 |
| ₹116.50 |
| ₹111.75 |
| NSE |
|---|
| ₹85.00 |
| ₹88.00 |
| ₹86.50 |
| ₹116.80 |
| ₹112.00 |
Sanghvi Forging & Engineering Ltd
Sanghvi Forging & Engineering Ltd
224/6-7 GIDC Industrial Estate,
Waghodia - 391760, Gujarat, India
Phone: +91-2668-263020/262201
Email: cs@sanghviforge.com
Website: http://www.sanghviforge.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: sanghvi@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Sanghvi Forging IPO is a main-board IPO of 4,341,195 equity shares of the face value of ₹10 aggregating up to ₹36.90 Crores. The issue is priced at ₹80 to ₹85 per share. The minimum order quantity is 70 Shares.
The IPO opens on May 4, 2011, and closes on May 9, 2011.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Sanghvi Forging IPO opens on May 4, 2011 and closes on May 9, 2011.
Sanghvi Forging IPO lot size is 70 Shares, and the minimum amount required is ₹5,950.
You can apply in Sanghvi Forging IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sanghvi Forging IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sanghvi Forging IPO allotment status.
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