Business Standard

Tirupati Forge Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

5.22 cr

Price Range (₹)

29

Lot Size

4000

Min Investment (₹)

1,16,000.00

Listing Exchange

NSE - SME

Open Date

29-Sept-2017

Close Date

04-Oct-2017

Listing Date

12-Oct-2017

Tirupati Forge Ltd News

    The Shares of Tirupati Forge Ltd have now been listed.

    Tirupati Forge Ltd IPO Details

    Public issue of 18,00,000 equity shares of face value of Rs. 10/- each (equity shares) of Tirupati Forge Limited (the company or the issuer) for cash at a price of Rs.29 per equity share, including a sharePremium of Rs.19 per equity share (the issue price), aggregating Rs. 5.22 Crores (the issue), of which 92,000 Equity shares of face value of Rs. 10 each for cash at a price of Rs.29 per equity share, aggregating Rs. 0.27 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation Portion). The issue less market maker reservation portion i.e. Issue of 17,08,000 equity shares of faceValue of Rs. 10 each for cash at a price of Rs. 29 per equity share, aggregating Rs. 4.95 Crores is hereinafter Refered to as the net issue. The issue and the net issue will constitute 30.97% and 29.39% respectively of the Fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price of Rs. 29 is 2.9 Times of the face value of the equity shares.

    Objective of issue

    Working capital requirements. Repayment of Loan. General corporate purposes.

    Tirupati Forge Ltd Contact Details

    Tirupati Forge Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - info@tirupatiforge.com

    Website - www.tirupatiforge.com