Issue Price: Rs. 80 - Rs. 85 Per Equity Share


Allotment Status: http://www.bigshareonline.com/IPO/ipostatus.aspx

Issue Detail:
»» Issue Open: May 04, 2011 - May 09, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 36.90 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Market Lot: 70 Shares

Bid Status:
Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 2,306,262  691,879  1,614,384  4,612,525 
 Day 1 - May 04, 2011 17:00 IST 0.0000 0.2000 0.1400 0.0800 
 Day 2 - May 05, 2011 17:00 IST 0.0000 0.3900 0.1900 0.1300 
 Day 3 - May 06, 2011 17:00 IST 0.0000 0.4500 0.2700 0.1600 
 Day 4 - May 09, 2011 17:00 IST 0.0000 1.8200 2.9300 1.3000 


Incorporated in 1989, Sanghvi Forging & Engineering Limited (SFEL) is engaged in the business of manufacture and marketing of Stainless Steel Forged and Machined Subtends, Forged Flanges, Forged Fittings and CNC Machined Forged Parts & Automobile Components in India. Company has its own Forge Shop, Die Shop, Heat Treatment Shop, CNC based Machine Shop.

SFEL is a supplier to major projects in sectors like Refineries, Petrochemicals, Fertilizers, Nuclear Power plant, Ship Building, Off shore and Auto mobiles. Company has a wide range of client from different sectors including Shell, IOC, HPCL, BPCL, RIL, L&T and Godrej. Company also exports its product to more than 20 countries.

Company has an operational track record of around 20 years. During FY10, SFEL has reported PAT of Rs.2.61 Cr on total income of Rs.29.22 Cr against PAT of Rs.2.50 Cr on total income of Rs.29.55 Cr in FY09. In 9MFY11, SFEL has earned PAT of Rs.3.09 Cr on total income of Rs.26.89 Cr.

Company Promoters:
The promoters of the Company are:
1. Mr. Babulal Sanghvi
2. Mr. Jayanti Sanghvi
3. Mr. Naresh Sanghvi
4. Mr. Vikram Sanghvi

Objects of the Issue:
The object of the issue are:
1. To Part finance the cost of setting up 15,000 MTPA open die forging unit (with single piece forging up to 40 MT) to manufacture proof machined products viz. stepped shafts, bars & hollows, blocks, flanged shafts, gear blanks, forging items etc at G.I.D.C. Industrial. Estate, Waghodia District Vadodara;
2. To meet the requirement of margin money for working capital for the New Project;
3. To meet the pre-operative expenses including Issue expenses;
4. To achieve the benefits of listing on the stock exchanges.