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21 October 2017

IPO Synopsis

Tirupati Forge Ltd
Registered Office: Plot No 1-5 Survey No 92/1,Near Shan Cement NH 27 , Rajkot - 360311 , Gujarat , India.
Phone : 91-2827-27051213   Fax:
Email :  info@tirupatiforge.com  
Website :  www.tirupatiforge.com
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 share Premium 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 face Value 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.

Issue Money Payable On
Opens On Closes On Application Allotment
29-Sep-17 04-Oct-17 (Rs)29.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :4000

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 5.22  
Post Issue Equity Share Capital 5.81  
Issue Price (Rs)29.00  
 
Projects
Working capital requirementsGeneral corporate purposes
Repayment of Loan
Promoted By
Hitesh Thummar  
Ajay Sardhara  
Bhargavi Thummar  
Listing At
NSE - SME 
Registrar to the Issue
Link Intime India Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS