Sanghvi Forging IPO Latest News Today

Sanghvi Forging IPO shares will list on Monday, May 23, 2011. Issue price of this IPO has been fixed at Rs 85/- per share. IPO was oversubscribed by 1.30 times (2.93 times in retail) on closing day.

Sanghvi Forging IPO Listing Date & Detail:

Listing Date: Monday, May 23, 2011
BSE Scrip Code: 533411
NSE Symbol: SANGHVIFOR
Listing In: 'B' Group of Securities
ISIN: INE263L01013
Issue Price: Rs. 85.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Sanghvi Forging IPO allotment status is now available online.

Sanghvi Forging IPO was open on May 04, 2011 and closed on May 09, 2011. IPO was oversubscribed by 1.30 times (2.93 times in retail) on closing day.

Sanghvi Forging IPO finally subscribed 1.30 times on its closing day. Sanghvi Forging IPO was open on May 04, 2011 and closed today on May 09, 2011 for subscription. Sanghvi Forging has received bids for 59,96,900 shares as against issue size of 46,12,525 shares.

Final Subscription Detail

Qualified Institutional Buyers (QIBs): 0.00 Times
Non Institutional Investors: 1.82 Times
Retail Individual Investors (RIIs): 2.93 Times

Total: 1.30 Times

Sanghvi Forging IPO subscribed 0.16 times on its day 3. Sanghvi Forging IPO was open on May 04, 2011 and will close on May 09, 2011 for subscription. Sanghvi Forging has received bids for 7,40,670 shares as against issue size of 46,12,525 shares.

Subscription Detail for Day 3

Qualified Institutional Buyers (QIBs): 0.00 Times
Non Institutional Investors: 0.45 Times
Retail Individual Investors (RIIs): 0.27 Times

Total: 0.16 Times

Sanghvi Forging IPO subscribed 0.13 times on its day 2. Sanghvi Forging IPO was open on May 04, 2011 and will close on May 09, 2011 for subscription. Sanghvi Forging has received bids for 5,84,290 shares as against issue size of 46,12,525 shares.

Subscription Detail for Day 2

Qualified Institutional Buyers (QIBs): 0.00 Times
Non Institutional Investors: 0.39 Times
Retail Individual Investors (RIIs): 0.19 Times

Total: 0.13 Times

Sanghvi Forging IPO subscribed 0.08 times on its day 1. Sanghvi Forging IPO opens today on May 04, 2011 and will close on May 09, 2011 for subscription. Sanghvi Forging has received bids for 3,62,180 shares as against issue size of 46,12,525 shares.

Subscription Detail for Day 1

Qualified Institutional Buyers (QIBs): 0.00 Times
Non Institutional Investors: 0.20 Times
Retail Individual Investors (RIIs): 0.14 Times

Total: 0.08 Times

Sanghvi Forging & Engineering Ltd is entering in the capital markets with an initial public offering, IPO of Rs 36.90 Crore. The price band for the issue has been fixed at Rs 80/- at lower level and Rs 85/- at upper level.

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.

The issue opens on May 04, 2011 and closes for subscription on May 09, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).