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Hilton Metal IPO is a fixed price issue of Rs 38.15 crores.
Hilton Metal IPO bidding started from April 18, 2007 and ended on April 24, 2007. The shares got listed on BSE, NSE on May 24, 2007.
Hilton Metal IPO price is ₹70 per share. The minimum lot size for an application is 175 Shares. The minimum amount of investment required by retail investors is ₹12,250.
Centrum Capital Limited is the book running lead manager of the Hilton Metal IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.
Refer to Hilton Metal IPO DRHP for detailed information.
| IPO Date | April 18, 2007 to April 24, 2007 |
| Listing Date | May 24, 2007 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 175 Shares |
| Total Issue Size | 5,450,000 shares (aggregating up to ₹38.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE, NSE |
Investors can bid for a minimum of 175 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 | 175 | ₹12,250 |
| Retail (Max) | 16 | 2800 | ₹196,000 |
| Lot Size Calculator | |||
Incorporated in Sept 1997, Hilton Metal Forging Limited (HMFL) is a Mumbai based manufacturer and exporter of forged components. The Company specializes in the manufacture of forged items for the oil and gas sector, petrochemical, pharmaceutical, automobile industries and also planning to manufacture for other equipment manufacturers (OEMs). It manufactures pipe fittings, (flanges, stub ends (seamless), screwed fittings, valves and fittings and various other components as per the customer�s requirement in all types of alloys for automotive, oil and gas industries.
HMFL has a total installed capacity of 11,100 MT per annum and can execute orders for a wide range of forged items weighing from 0.5 kg (1.10 lbs) to 750 kg (1650 lbs). for the oil and gas sector, petrochemical, pharmaceutical, automobile industries and is entering into the field of other Original Equipment Manufacturers (OEMs).
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and
1. Expansion of its existing capacity from 11100 MTA to 24900 MTA by installing additional Plant & Machinery in order to augment the existing manufacturing facilities;
2. Setting up new building i.e in house die shop/tool rooms, heat treatment shop and Laboratory to manufacture the large size components like front axle beam, Forged Valves, Bodies, multihrough crank shaft large size connecting rod & cam shaft for marine diesel engine;
3. To meet the Working Capital Margin Requirement.
ICRA has assigned an IPO Grade 2 indicating below average fundamentals, to the proposed initial public offering of Hilton Metal Forging Limited (HMFL).
ICRA assigns IPO gradings on a scale of IPO Grade 5 through IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating weak fundamentals. (Source: ICRA ).
| Listing Date | May 24, 2007 |
| BSE Script Code | 532847 |
| NSE Symbol | HILTON |
| ISIN | INE788H01017 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹70.00 |
| ₹75.00 |
| ₹66.00 |
| ₹80.00 |
| ₹67.60 |
| NSE |
|---|
| ₹70.00 |
| ₹73.10 |
| ₹66.05 |
| ₹77.80 |
| ₹67.75 |
Hilton Metal Forging Ltd
60, Whispering Palm Centre,
Lokhandwala Township,
Kandivali (East), Mumbai - 400 101
Phone: +91-22-28863359
Email: ipo@hmfl.co.in
Website: http://www.hmfl.co.in
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: hilton@sharexindia.com
Website:
Hilton Metal IPO is a main-board IPO of 5,450,000 equity shares of the face value of ₹10 aggregating up to ₹38.15 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 175 Shares.
The IPO opens on April 18, 2007, and closes on April 24, 2007.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Hilton Metal IPO opens on April 18, 2007 and closes on April 24, 2007.
Hilton Metal IPO lot size is 175 Shares, and the minimum amount required is ₹12,250.
You can apply in Hilton Metal 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 Hilton Metal IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Hilton Metal IPO allotment status.
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DRHP
This is hardship with Retail Investor, this ipo came with prise of 70.00 now market is codeing 50% less.so what is sebi Doing . they shoud take Action for higer prise came issue.and its sebi LIbality to protect retail investor.or !andheri nagri chopat Raja! this is shame full for our contry.