Tirupati Forge Ltd IPO

Tirupati Forge Ltd

Issue Open

Sep 29, 2017

Price Band

₹ 29

Issue Size

₹ 5.22 Cr

Credit of Shares to Demat

-

Issue Close

Oct 04, 2017

Bid Lot

4000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

4000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 12, 2017

Refunds

-

About the company:

Tirupati Forge Limited is an ISO 9001:2008 certified Company engaged in manufacturing of closed die forged products like auto component, bearings, gears, etc. Company has a manufacturing facility located at Hadamtala Industrial Estate, Rajkot, Gujarat. Company’s facility is equipped with CNC machines which help them to align their products to internationally standards.

Date of establishment: Tirupati Forge Limited was incorporated in 2012 

Product & Service Offering: Company manufactures products like auto component, bearings, gears, etc and forged flanges of mild steel, carbon steel, stainless steel, etc.

Promoters of Tirupati Forge Ltd : The promoters of the company are:

1. Hitesh Thummar
2. Ajay Sardhara
3. Bhargavi Thummar

Customer segment: It initially catered to the requirements of United States of America but gradually, it has started exporting products to Italy, Morocco, etc and domestic market.

 

Objects of the Issue: The objects of the Offer is to:-
-     Working Capital Requirements
-     Repayment of Loans
-     To Finance General corporate expense 

Company Financials:

Tirupati Forge's financial performance (in INR lakh)

     

FY2014

FY2015

FY2016

FY2017

Total Assets

 

 

986.89

1415.65

971.68

1033.01

Total revenue

   

703.5

3,037.0

1,827.6

1,636.8

Total expenses

   

704.4

2,941.6

1,802.8

1,563.3

Profit after tax

   

-0.6

70.4

17.0

50.5

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