IPO Issue Details
Issue Price / Price Band₹29 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size18,00,000 shares (aggregating up to ₹5.22 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 29 Sep 2017
Subscription CloseWed, 04 Oct 2017
Anchor AllotmentThu, 28 Sep 2017
Basis of AllotmentTue, 10 Oct 2017
Initiation of RefundsWed, 11 Oct 2017
Credit of Shares to DematWed, 11 Oct 2017
Listing DateThu, 12 Oct 2017
UPI Mandate Deadline2017-10-04
Application & Investment Details
Retail — Min (1 Lots)₹1,16,000 — 4,000 shares
Retail — Max (13 Lots)₹1,508,000 (13 Lots)
HNI — Min (2 Lots)₹2,32,000 — 8,000 shares
Net Offer to Public17,08,000 shares (aggregating up to ₹4.95 Cr)
Reserved for Market Maker92,000 shares (aggregating up to ₹0.2668 Cr)
Pre-IPO Promoter Holding40,12,000
Post-IPO Promoter Holding58,12,000
About Tirupati Forge
Incorporated in 2012, Tirupati Forge Ltd is a manufacturer and supplier of quality assured Forged Flanges, Auto Parts, Automotive Components and Fitting Components. They are an ISO 9001:2008 certified Company and engaged in manufacturing of closed die forged products like auto component, bearings, gears, etc and forged flanges of mild steel, carbon steel, stainless steel etc. based out at Hadamtala Industrial Estate, Rajkot, Gujarat. These products are used in automotive machines, vehicles and various other machines that we use in our daily life.The company was initially set up to cater requirements of international market mainly to US and gradually, it started exporting to Italy, Morocco etc as well as in domestic market. They have equipped forge shop with all supporting facilities like in house die shop, ring rolling machines, CNC Machine Shop, CNC Drilling, Stamping Machine, Automated Paint Line etc.
Objects of the Issue
Tirupati Forge proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirements
2.94
3
General Corporate Purpose
0.38
Shareholding & Lock-in
Pre-IPO Promoter Holding
40,12,000
Post-IPO Promoter Holding
58,12,000