Sanghvi Forging & Engineering Ltd IPO (Sanghvi Forging IPO) Detail

May 4, 2011 - May 9, 2011

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.

Company Promoters:

The promoters of the Company are:

1. Mr. Babulal Sanghvi
2. Mr. Jayanti Sanghvi
3. Mr. Naresh Sanghvi
4. Mr. Vikram Sanghvi

Company Financials:

ParticularsFor the year/period ended (in Rs. Lacs)
31-Dec-1031-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income2,932.712,889.832,952.832,387.181,965.931,398.81
Profit After Tax (PAT)295.39251.82231.70252.35185.01107.00

Objects of the Issue:

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.

Sanghvi Forging IPO Details

IPO DateMay 4, 2011 - May 9, 2011
Issue TypeBook Built Issue IPO
Issue Size4,341,195 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 Lot70 Shares
Min Order Quantity70 Shares
Listing AtBSE, NSE

Sanghvi Forging IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum170₹5,950
Maximum332310₹196,350

Sanghvi Forging IPO Grading

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.'

Sanghvi Forging IPO Subscription Status (Bidding Detail)

Sanghvi Forging IPO how much subscribed?

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

Sanghvi Forging IPO Prospectus

Sanghvi Forging IPO Rating

283
4.1
Rating:Rated 4.1 stars

Vote Here ...

Sanghvi Forging IPO Listing Date

Listing DateMonday, May 23, 2011
BSE Script Code533411
NSE SymbolSANGHVIFOR
Listing InB
ISININE263L01013
IPO Price₹85 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹85.00
₹85.00
₹85.00
₹116.50
₹111.75
35,077,421
NSE
₹85.00
₹88.00
₹86.50
₹116.80
₹112.00
42,730,487

Sanghvi Forging IPO Reviews / Ratings

Company Contact Information

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

Sanghvi Forging IPO Registrar

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 FAQs

  1. 1. What is Sanghvi Forging IPO?

    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.

  2. 2. When Sanghvi Forging IPO will open?

    The Sanghvi Forging IPO opens on May 4, 2011 and closes on May 9, 2011.

  3. 3. How to apply for Sanghvi Forging IPO?

    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.

  4. 4. When Sanghvi Forging IPO allotment?

    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.

  5. 5. When is Sanghvi Forging IPO listing date?

    The Sanghvi Forging IPO listing date is on Monday, May 23, 2011, at BSE, NSE.
  6. 6. What is the lot size of Sanghvi Forging IPO?

    Sanghvi Forging IPO lot size is 70 Shares and the minimum order quantity is 70 Shares.

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Sanghvi Forging IPO Review / Comments

CHD
61. CHD  May 25, 2011 20:24
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
SANGHVI DOING WONDERS ..... !!!

ANOTHER GRAVITA . WHERE WILL IT END UP ?
Durai Raj,Tirupur
60. Durai Raj,Tirupur  May 23, 2011 21:57
Top Contributor Top Contributor (300+ Posts)
Sanghvi, seems to have a Second innings Tomorrow....
GOOD BROKER
59. GOOD BROKER  May 23, 2011 17:58
so of the members in the forum who say that the expects guide us and we earned an lot from them then what was the reason that they have not recomended the share of shangavi forging non inst 1.8 times and retail 2.9 times
most of freinds shorted it and got trapped rs 85 closed at rs 113
markets were down but sanghvi up
ARCHIT SHAH
58. ARCHIT SHAH  May 23, 2011 15:14
I THINK IN THIS IPO OPERATOR TRAPPED IS VERYGOOD.
OPERATOR PLAYED THEIR GAME WELL.
KK Natarajan
57. KK Natarajan  May 23, 2011 15:10
IPO Mentor IPO Mentor (500+ Posts)
The moment I revised my stop loss from 95 to 105, as if to touch that, it came from 116, hit my stop loss and then duly went back to 114. My innings in this is now closed.
Ravi, Bangalore
56. Ravi, Bangalore  May 23, 2011 14:59
Top Contributor Top Contributor (300+ Posts)
56. n kumar

In other words, trader will get another opportunity. Trader should not become emotional & keep on averaging to recover loss.

Purely by number game, I should have gone long when it crossed 96 with a stop at 87 (wide stop-loss). However, I hesitated on seeing broad-market sentiment as well as recent track record of issues.

This is my judgement error.
KK Natarajan
55. KK Natarajan  May 23, 2011 14:47
IPO Mentor IPO Mentor (500+ Posts)
On seeing its strength, I bought 50 shares at 90 in the morning. 25 shares sold for 95. For the remaining 25, waiting with trailing stop loss. It seems many have shorted in the morning and short covering may lead to a spurt in price.
n kumar
54. n kumar  May 23, 2011 14:43
Ravi,

What do you mean by "Sanghvi Forging 103- Yes. If breaks 100, I would like to short. If not, then, market will not close from today onwards. "
I didn't understand the second part of the statement.
Is it a Typo??
Ravi, Bangalore
53. Ravi, Bangalore  May 23, 2011 14:36
Top Contributor Top Contributor (300+ Posts)
54. ARCHIT SHAH

Sanghvi Forging 103- Yes. If breaks 100, I would like to short. If not, then, market will not close from today onwards.

This is another overpriced issue. As it is tiny IPO, Operators have cornered & playing. Trader will get another opportunity. I will watch for one week, if it does not break 100 today.
ARCHIT SHAH
52. ARCHIT SHAH  May 23, 2011 13:25
Ravi,

Your stoploss 96 hit.
Ravi, Bangalore
51. Ravi, Bangalore  May 23, 2011 12:58
Top Contributor Top Contributor (300+ Posts)
Sanghvi Movers 93- Sold allotment @ 87.7.

Shorted 300 shares @ 93 with a stop at 96.

I am planning to cover 86, 82 & 76 in phases.
CHD
50. CHD  May 23, 2011 12:17
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
ONLY YESTERDAY I HAD PREDICTED THERE WILL BE FIREWORKS ON LISTING.....
SEE @ 49 ....

CONGRATS ALL YE SMART INVESTORS/ BRAVEHEARTS WHO HAVE MADE MONEY IN THIS IPO .... WHILE SO-CALLED EXPERTS WERE SCARED TO APPLY.
Hari prakash
49. Hari prakash  May 23, 2011 10:43
Experts,
Can any one advise max at wat price we can sell off this share?
Rkg
48. Rkg  May 23, 2011 09:42
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
sell and run for your life
CHD
47. CHD  May 22, 2011 15:59
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
A VERY SMALL-SIZE IPO .

SOME OPERATOR IS SURE TO TAKE CONTROL.

FIREWORKS EXPECTED ON LISTING DAY .
ALLOTTEES BEWARE !!!
SUPERIPO
46. SUPERIPO  May 22, 2011 13:30
SANGHVI FORGING KE LISTING KE DIN INVESTERS CHAHE PARTY KARE YA NA KARE LAKIN MR.BABULAL AND CO. 23 MAY KO SURE PARTY KARENGE.
KK Natarajan
45. KK Natarajan  May 21, 2011 07:21
IPO Mentor IPO Mentor (500+ Posts)
46, VK,
Listing is on Monday, the 23rd May.
VK
44. VK  May 20, 2011 11:37
Hello Friends,
When is Sanghvi listing
Chintan Bhinde
43. Chintan Bhinde  May 19, 2011 15:43
Discount Listing is Sure on the Cards.
Good Luck to all the Allotees
rajni gandhi
42. rajni gandhi  May 19, 2011 14:58






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