IPO

Tirupati Forge Ltd IPO

NSE SME

Offer Date: Sep 29, 2017 - Oct 4, 2017

₹ 232000 /8000 Shares
*Min Investment

29 Sep, 2017

Open Date

04 Oct, 2017

Close Date

09 Oct, 2017

Allotment Date

12 Oct, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 29 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 18,00,000 Equity Shares of Rs 10 aggregating up to Rs 5.22 Cr
  • Listing at NSE SME
  • Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion N/A
IPO Details


Tirupati Forge Ltd IPO is an SME IPO, priced at Rs 29 Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 29, 2017 to Oct 4, 2017. The allotment is expected to be finalized on Oct 9, 2017, and the tentative listing date is Oct 12, 2017.


The registrar of the IPO is Link Intime India Private Ltd, and

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IPO Subscription Analysis And Details
As on QIB / NII Retail Total
Shares Offered / Reserved 8,54,000 8,54,000 17,08,000
Day 1 29-09-17
1.29 x 0.33 x 0.81 x
Day 2 03-10-17
1.45 x 1.43 x 1.44 x
Day 3 04-10-17
3.56 x 10.32 x 6.94 x
Day 4 05-10-17
N/A x N/A x N/A x
Valuations
Earnings Per Share (EPS) Rs 0.87
P/E Ratio 33.38
RoNW 18.65%
Net Asset Value (NAV) Rs 10.78
IPO - Issue Objectives
1

Working Capital requirements

2

Repayment of Loan

3

General Corporate Purpose