Sanghvi Forging & Engineering Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

04 May 2011

Close Date

09 May 2011

Allotment

15 May 2011

Listing Date

23 May 2011

Exchange

NSE & BSE

Price Band

₹85

Listing Price

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Allotment Status

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Price Band

₹85

Per share

Face Value

₹10 per share

Lot Size

70 Shares

per lot

Issue Size

43,41,195 shares (aggregating up to ₹36.90 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹5,950

1 lot

Pre-IPO Holding

83,51,072 shares

Promoters

Post-IPO Holding

1,26,92,000 shares

Promoters

UPI Deadline

2011-05-09

Mandate

Anchor AllotmentTue, 03 May 2011

Basis of AllotmentSun, 15 May 2011

Refund InitiationMon, 16 May 2011

Demat CreditMon, 16 May 2011

Listing DayMon, 23 May 2011

UPI Mandate Deadline2011-05-09

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sanghvi Forging & Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 May 2011.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,341,195	100%	₹36.90

IPO Shares Offered

Sanghvi Forging & Engineering Ltd. IPO total issue size: ₹36.90 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	4,341,195	₹36.90	100.00%

* Based on upper price band ₹85 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹85.00

Upper Band

Min Investment

₹5,950

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	140	₹11,900
Retail (Max — 33 Lots)	33	2,310	₹196,350
S-HNI (Min — 34 Lots)	34	2,380	₹202,300
B-HNI (Min — 169 Lots)	169	11,830	₹1,005,550

* Issue Price ₹85 × Lot Size 70 shares

IPO Schedule

Anchor

03 May 2011

✓ Done

IPO Open

04 May 2011

✓ Done

IPO Close

09 May 2011

✓ Done

Allotment

15 May 2011

✓ Done

Refunds

16 May 2011

✓ Done

Demat Credit

16 May 2011

✓ Done

Listing Day

23 May 2011

✓ Done

₹85.00

INR · BSE

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Issue ₹85.00 Live Price

About Sanghvi Forging & Engineering Ltd.

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.

Objects of the Issue

1 To meet the requirement of margin money for working capital for the New Project.

2 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 (at plot no. 1401, 1402 & 1403), Waghodia District Vadodara.

3 To meet the pre-operative expenses including Issue expenses.

Sanghvi Forging & Engineering Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹2,952.8

31-Mar-09

₹2,889.8

31-Mar-10

₹2,932.7

31-Dec-10

Profit After Tax (PAT)

₹231.7

31-Mar-09

₹251.8

31-Mar-10

₹295.4

31-Dec-10

Particulars	31-Dec-10	31-Mar-10	31-Mar-09
Revenue from Operations	2932.71	2889.83	2952.83
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	295.39	251.82	231.70
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

20.95%

Issue Structure & Shareholding

Total Shares Offered43,41,195 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding83,51,072 shares

Post-Issue Promoter Holding1,26,92,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

sanghvi@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Arihant Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sanghvi Forging & Engineering Ltd. IPO subscribed? ▲

Sanghvi Forging & Engineering Ltd. IPO is subscribed 1.00 times by May 09, 2011. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sanghvi Forging & Engineering Ltd. IPO retail subscription status? ▼

The Sanghvi Forging & Engineering Ltd. IPO retail category is subscribed 1.00 times as of 09 May 2011. The retail portion is oversubscribed.

How to subscribe Sanghvi Forging & Engineering Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 04 May 2011 and closes 09 May 2011. Min investment: ₹5,950 (1 lot = 70 shares). UPI mandate: 2011-05-09.

How many times Sanghvi Forging & Engineering Ltd. IPO subscribed? ▼

The Sanghvi Forging & Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sanghvi Forging & Engineering Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 15 May 2011. Refunds: on 16 May 2011.

When Sanghvi Forging & Engineering Ltd. IPO will be listed? ▼

The Sanghvi Forging & Engineering Ltd. IPO listing date is 23 May 2011, Monday. Listed on: NSE & BSE. Issue price: ₹85. Estimated listing: ₹85. GMP: NIL.

When Sanghvi Forging & Engineering Ltd. IPO close? ▼

The Sanghvi Forging & Engineering Ltd. IPO closes on 09 May 2011, Monday. UPI mandate: 2011-05-09. Allotment: 15 May 2011. Listing: 23 May 2011.

Quick Actions

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Live Price LIVE

Last Price₹85.00

Change—

Issue Price₹85.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹85

Face Value₹10

Lot Size70 Sh

Min. Amount₹5,950

GMPNIL

Est. Listing₹85

Subscribed1.00x

Open Date04 May 2011

Close Date09 May 2011

Allotment15 May 2011

Listing Date23 May 2011

ExchangeNSE & BSE

UPI Deadline2011-05-09