Tirupati Forge Private Limited Ipo

Tirupati forge private limited ipo

Business description from prospectus – Incorporated in 2012, Tirupati Forge Limited is an ISO 9001:2008 certified Company 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.

The company started operations in 2012 and initially catered to the requirements of international market mainly to United States of America but gradually, it has started exporting products to Italy, Morocco, etc and domestic market.

Out of total revenue from operations, more than 88.04% was from exports in the financial year 2014-15.

Tirupati Forge Ltd: SME IPO opens today till 4th Oct 217

For the financial year 2015-16 and 2016-17, revenue from exports is 63.06% and 28.47% respectively while revenue from domestic sales is 36.94% and 71.53% respectively.

Promoters of Tirupati Forge – Hitesh Thummar, Ajay Sardhara and Bhargavi Thummar

Tirupati Forge IPO details

Subscription Dates29 September – 4 October 2017
IPO Price bandINR29 per share
Fresh issue 1,800,000 shares (INR5.22 crore)
Offer for sale Nil
Total IPO size1,800,000 shares (INR5.22 crore)
Minimum bid (lot size)6,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform

Tirupati Forge’s financial performance (in INR lakh)

Total revenue703.53,037.01,827.61,636.8
Total expenses704.42,941.61,802.81,563.3
Profit after tax-0.670.417.050.5

Tirupati Forge Limited
Plot 1-5, Survey 92/1, Near Shan Cement
Hadamtala Industrial Area
Kotda Sangani Hadamtala, Rajkot 360311

Phone: +91 02827 270512/13
Email:[email protected]
Website: www.tirupatiforge.com


Subscription (no.

of times)

Day 10.77
Day 21.37
Day 36.48


Earnings Per Share (EPS): INR2.01

Price/Earnings (P/E) ratio: 14.43

Return on Net Worth (RONW): 18.65%

Net Asset Value (NAV): INR10.78 per share

Link Intime India Private Limited
C-101, 247 Park, L.B.S.

Tirupati forge private limited ipo

Vikhroli (West), Mumbai – 400 083
Maharashtra, India

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: www.linkintime.co.in

Tirupati Forge IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

IPO Opening Date: 29 September 2017

IPO Closing Date: 4 October 2017

Listing Date: 12 October 2017

Listing Price on NSE SME: INR34.8 per share (up 20% from IPO price)

Closing Price on NSE SME: INR34.1 per share (up 17.6% from IPO price)

Tirupati forge private limited ipo