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.
The promoters of the Company are:
1. Mr. Babulal Sanghvi
2. Mr. Jayanti Sanghvi
3. Mr. Naresh Sanghvi
4. Mr. Vikram Sanghvi
| 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 |
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.
| IPO Date | May 4, 2011 - May 9, 2011 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4,341,195 Eq Shares of ₹10 (aggregating up to ₹36.90 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹80 to ₹85 Per Equity Share |
| Market Lot | 70 Shares |
| Min Order Quantity | 70 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 70 | ₹5,950 |
| Maximum | 33 | 2310 | ₹196,350 |
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.'
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Total |
Shares Offered | 2,306,262 | 691,879 | 1,614,384 | 4,612,525 |
May 9, 2011 17:00 | 0.00x | 1.82x | 2.93x | 1.30x |
| Listing Date | Monday, May 23, 2011 |
| BSE Script Code | 533411 |
| NSE Symbol | SANGHVIFOR |
| Listing In | B |
| ISIN | INE263L01013 |
| IPO Price | ₹85 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
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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
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: sanghvi@bigshareonline.com
Website: http://www.bigshareonline.com
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 price of the IPO is ₹80 to ₹85 Per Equity Share. The minimum order quantity is 70 Shares per application and the offer type is Book Built Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Sanghvi Forging IPO lot size is 70 Shares and the minimum order quantity is 70 Shares.
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