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Hilton Metal Forging Ltd IPO (Hilton Metal IPO) Detail

April 18, 2007 - April 24, 2007

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 RHP for detailed information.

Hilton Metal IPO Details

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 Size5,450,000 shares
(aggregating up to ₹38.15 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE, NSE
Share holding pre issue6,993,000
Share holding post issue12,443,000

Hilton Metal IPO Lot Size

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

Hilton Metal IPO Promoter Holding

Share Holding Pre Issue 97.81%
Share Holding Post Issue 54.97%

About Hilton Metal Forging Ltd

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).

Key Performance Indicator

Objects of the Issue (Hilton Metal IPO Objectives)

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 Rating for Hilton Metal Forging Limited (HMFL)

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 ).

Hilton Metal IPO Prospectus

Hilton Metal IPO Rating

Rating:Rated 3.2 stars
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Hilton Metal IPO Listing Details

Listing Date May 24, 2007
BSE Script Code 532847
ISIN INE788H01017
Final Issue Price ₹70 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Hilton Metal Forging Ltd Contact Details

Hilton Metal Forging Ltd
60, Whispering Palm Centre,
Lokhandwala Township,
Kandivali (East), Mumbai - 400 101
Phone: +91-22-28863359

Hilton Metal IPO Registrar

Sharex Dynamic (India) Pvt Ltd

Phone: +91- 22 - 2851 5606

Hilton Metal IPO - Buy or Not

Hilton Metal IPO Recommendation Summary

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Hilton Metal IPO FAQs

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.

The Hilton Metal IPO listing date is on May 24, 2007.
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Hilton Metal IPO Message Board

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44. DINESH MAHESHWARI |   Link |  Bookmark |October 12, 2007 7:49:42 PM
Dear sir/ madam,
This is hardship with Retail Investor, this ipo came with prise of 70.00 now market is codeing 50% 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.
43. prakash Rohera |   Link |  Bookmark |September 11, 2007 2:01:30 AM
this is hardship with Retail Investor, this ipo came with prise of 70.00 now market is codeing 50% 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.
42. Lawrence, Lawrence |   Link |  Bookmark |June 16, 2007 5:18:11 PM
Your site looks great! Would you please also visit my site?
41. tanushri |   Link |  Bookmark |June 6, 2007 8:47:45 PM
Kavitha: u r lucky to get out of this stock.
40. kavitha |   Link |  Bookmark |May 26, 2007 12:59:54 PM
Hi all,
I was allotted 750 shares against my application for 800 shares.Refer msg 27.I was worried.However the opening was decent and I was able to get out at an average rate of Rs 74.50.Thanks for small mercies.Later it did go below offer price but it was steady above the issue price giving opportunity to exit.But we need to be careful in FPOs.
39. anand |   Link |  Bookmark |May 22, 2007 10:48:41 PM
listing date is 24/05/2007 and listing price is 100/- and wwill touch the price of 500/- at the end of the year of 2007
38. AMITKUMARARORA |   Link |  Bookmark |May 22, 2007 10:35:14 PM

Trading Members of the Exchange are hereby informed that effective from Thursday, May 24, 2007 the equity shares of Hilton Metal Forging Ltd. are listed and admitted to dealings on the Exchange in the list of B1 Group.


37. Zaakir Hussain |   Link |  Bookmark |May 22, 2007 10:16:54 AM
Any news about the listing date of Hilton Metal Forging ?
36. Subhamay |   Link |  Bookmark |May 21, 2007 5:29:50 PM
Do anyone have any definite news about the listing date of Hilton Metal Forging ?
35. raj |   Link |  Bookmark |May 19, 2007 5:21:21 PM
allotment is avialable on plz check the website
34. DEV |   Link |  Bookmark |May 19, 2007 4:00:00 PM
Tell me the listing date of hilton metal.
33. Vikram |   Link |  Bookmark |May 18, 2007 7:45:13 PM
Listing date of Hilton Metal is still not available.
Hopefully it wld be on Tuesday.
32. Techno |   Link |  Bookmark |May 18, 2007 5:29:15 PM
does anybody have seen Hilton listing, i gather that it was to list on 18th, but i cant see its quote .
What is expected listing price of it, any idea?
31. nss |   Link |  Bookmark |May 18, 2007 11:25:45 AM
when will be the listing
30. Amar |   Link |  Bookmark |May 17, 2007 1:08:17 PM
listing date is 18/05/2007, i.e. tomorrow
29. Hussain |   Link |  Bookmark |May 17, 2007 12:20:13 PM
when will be the listing?
28. amitkumararora |   Link |  Bookmark |May 16, 2007 3:00:18 PM
Hi Kavitha,
I am also in the same boat in the case of Hilton Forging, Hope to recover my investment in near future but you never know in stock market what can happen i had 3342 shares of usher agro allotted at Rs. 15/- I waited for 5 months but it never reached 15/- except for listing day i returned the shares to the company in Feb end as there was a safety net scheme with this issue and today the CMP is RS. 34/-.everybody has said avoid for the issue. so let's wait & watch.
27. Kavitha |   Link |  Bookmark |May 16, 2007 12:09:05 PM
Hi All,
I had applied for 800 shares and allotted 750 which means there was hardly any demand for the IPO.This is a problem with Fixed price issue wherein the number of times the issue is getting oversubscribed is not known at all.You may end up getting a lot of shares than what you wanted and may get stuck for a long time.Sometimes they will be good issues also.An issue called DEEP INDUSTRIES had not met with a good response.Fixed price offer of Rs 36 in aug/sep 2006.But it is at Rs 75 today more than double its offer price.In fact Business Line and S.P.Tulsian had adviced not to apply for DEEP issue!!
The sector that Hilton is in is good.So don't panic and sell at a discount.Wait for the results to show up for 2/3 quarters and you will recover money with good profit.
All the best.
26. Vinay |   Link |  Bookmark |May 16, 2007 5:56:45 AM
Finally, allotment status showed up :-)
25. anand |   Link |  Bookmark |May 15, 2007 5:17:41 PM
listing date is 18/05/2007