The Sanghvi Forging And Engineering Limited Company which operates in metal sector, has come out with its Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the Sanghvi Forgings IPO.
Sanghvi Forgings IPO: Review Analysis & Details
Some basic details first about the Sanghvi Forgings IPO, which are available as of now:
Image sourced from Official website of Sanghvi Forging- The size of Sanghvi Forgings IPO is around 37 Crore Rs. INR, that seems to be a small issue
- The company claims to be ISO 9001:2008 Certified company
- It is more than 20 years old company which is primarily in the business of manufacturing and marketing of Stainless Steel Forged and Machined Subtends, Forged Flanges, Forged Fittings and CNC Machined Forged Parts & Automobile Components in India
- The company has been in business for last 2 decades
What are the primary reasons for Sanghvi Forgings to come out with the Sanghvi Forgings IPO?
The main reason for any company to come out with an IPO is to collect money from the public through the standard process of listing on stock exchanges.
The Sanghvi Forgings IPO is expected to collect around 37 Crore Rs through this IPO.
What is the issue size of the Sanghvi Forgings IPO?
Around 37 Crore Rs is the size of the Sanghvi Forgings IPO.
What is the price band of Sanghvi Forgings IPO?
The price band for Sanghvi Forgings IPO is Rs. 80 to 85 Rs per share.
How many shares will be sold in the Sanghvi Forgings IPO?
The total no. of shares to be sold through this IPO is not known precisely.
What are the IPO dates for Sanghvi Forgings IPO
The IPO dates for Sanghvi Forgings IPO are from May 4 2011 to May 9, 2011
How will the capital raised by Sanghvi Forgings IPO be used?
It is reported that the capital raised through this IPO will be used for establishing a 15,000 metric tonnes per annum (mtpa) capacity open die forging unit and hence this IPO is used to collect money for that business expansion.
Other Current IPO's: Innoventive Industries IPO and Vaswani Industries IPO
Any ratings given to Sanghvi Forgings IPO?
No info about that as of now.
What are the analysts recommendations and business results for Sanghvi Forgings IPO?
Although not many market expert details are available as of now, going by the reports coming in this IPO seems to be the rare ones among the recently lauched IPO's which is purely looking for capital collection for business expansion purposes.
On the business results side, the company has shown positive results recently. It's profits are reported to have increased in recent times. However, investors should invest in such IPO's as per their own risk appetite.
Arihant Capital Markets are BRLM Book Running Lead Managers to the issue.
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