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Tirupati Forge IPO is a fixed price issue of Rs 5.22 crores.
Tirupati Forge IPO bidding started from September 29, 2017 and ended on October 4, 2017. The shares got listed on NSE SME on October 12, 2017.
Tirupati Forge IPO price is ₹29 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹116,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Tirupati Forge IPO, while Link Intime India Private Ltd is the registrar for the issue.
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 |
Price | ₹29 per share |
Lot Size | 4000 Shares |
Total Issue Size | 1,800,000 shares (aggregating up to ₹5.22 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 4,012,000 |
Share holding post issue | 5,812,000 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹116,000 |
Retail (Max) | 1 | 4000 | ₹116,000 |
Lot Size Calculator |
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 object of the issue are:
1. Working Capital requirements
2. Repayment of Loan
3. General Corporate Purpose
[Dilip Davda] Considering aggressive pricing, risk savvy cash surplus investors may consider investment for long term. Read detail review...
The Tirupati Forge IPO is subscribed times on October 4, 2017 5:00:00 PM. 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) |
---|
Listing Date | October 12, 2017 |
BSE Script Code | |
NSE Symbol | FORGE |
ISIN | INE319Y01016 |
Final Issue Price | ₹29 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹29.00 |
₹34.80 |
₹30.50 |
₹34.80 |
₹34.10 |
Tirupati Forge Ltd
Plot No. 1 - 5, Survey No. 92/1,
Near Shan Cement, Hadamtala Industrial Area,
Kotda Sangani Hadamtala, Rajkot 360311
Phone: 02827 - 27 0 512 /13
Email: info@tirupatiforge.com
Website: http://www.tirupatiforge.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: irupatifoge.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Tirupati Forge IPO is a SME IPO of 1,800,000 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 Shares.
The IPO opens on September 29, 2017, and closes on October 4, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Tirupati Forge IPO opens on September 29, 2017 and closes on October 4, 2017.
Tirupati Forge IPO lot size is 4000 Shares, and the minimum amount required is ₹116,000.
You can apply in Tirupati Forge 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 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.
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