Exchanges: BSE, NSE
Issue: Book building

Sanghvi Forging & Engineering IPO

₹112.00

+31.76% on listing

Listing-day close · NSE · 23 May 2011 · issue price ₹85

Sanghvi Forging & Engineering’s ₹36.90 crore IPO was priced at ₹85 a share. It listed on the NSE on 23 May 2011 and closed its first day at ₹112.00, up 31.76% on the issue price.

Timeline

Opens4 May 2011
Closes9 May 2011
Allotment18 May 2011
Listing23 May 2011

Issue details

Issue size: ₹36.90 Cr
Fresh issue: ₹36.90 Cr
Offer for sale: —
Lot size: 70 shares
Minimum investment: ₹5,950
Face value: ₹10
Registrar: Bigshare Services

Subscription

Sanghvi Forging & Engineering IPO subscription by investor category
Category	Shares offered	Times subscribed
Total	—	1.26×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue): ₹108 Cr
Promoter holding: 86.28% → 56.77%

From the offer documents.

Listing

Listing date: 23 May 2011
Issue price: ₹85
Open: ₹88.00
High: ₹116.80
Low: ₹86.50
Close: ₹112.00

Listing day on the NSE. The close was +31.76% on the issue price.

FAQs

When did the Sanghvi Forging & Engineering IPO open and close?

It opened on 4 May 2011 and closed on 9 May 2011.

What was the Sanghvi Forging & Engineering IPO price?

The price band was ₹80–85 a share. The final issue price was ₹85.

What is the lot size and minimum investment?

One lot is 70 shares, ₹5,950 at ₹85 a share. Retail investors apply in whole lots.

How much did Sanghvi Forging & Engineering raise?

₹36.90 crore: ₹36.90 crore of new shares.

How many times was the Sanghvi Forging & Engineering IPO subscribed?

1.26 times overall.

How did Sanghvi Forging & Engineering list?

It listed on the NSE on 23 May 2011 at ₹88.00 and closed the day at ₹112.00, up 31.76% on the ₹85 issue price.

Who is the registrar of the Sanghvi Forging & Engineering IPO?

Bigshare Services handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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