IPO Details
Bidding Dates
26 Sept 24 - 30 Sept 24
Price Range ₹
102 - 108
Total Equity
₹ 31.10Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
26 Sept 2024
Offer end
30 Sept 2024
Allotment
01 Oct 2024
Refund initiation
03 Oct 2024
Demat transfer
03 Oct 2024
Listing
04 Oct 2024
Offer start
26 Sept 2024
Offer end
30 Sept 2024
Allotment
01 Oct 2024
Refund initiation
03 Oct 2024
Demat transfer
03 Oct 2024
Listing
04 Oct 2024
About Company
Established:2001 Business Engineering company specializing in forged and precision-machined components for the auto and non-auto sectors Products: * Short and long forks * Flange yokes * Ball studs * Gear blanks * Stub axle assemblies Applications: * Commercial vehicles * Railway bogies * Tractors * Agricultural equipment * Sledgehammers Certifications: * ISO 9001:2015 (Quality Management) * ISO 14001:2015 (Environmental Management) * OHSAS 18001:2007 (Occupational Health and Safety) * IATF 16949:2016 (Automotive Industry) * ZED GOLD (Sustainability) Manufacturing Capacity: * Forging: 20,000 MT * Machining: 2.5 lakh units Key Strengths: * Long-standing customer relationships * Commitment to quality, timely delivery, and sustainability * Experienced sales and marketing team * Strong manufacturing capabilities The company's revenue from machined and forging products increased by 27% CAGR from Fiscal 2021 to Fiscal 2023.
Year Founded
25-04-2023
Promotor Details
Parmod Gupta
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.63 |
| Share Capital | 8040000 | 8040000 |
Offer to Public
28,80,000.00 Cr
Project Details
- None - Nonecr
Objectives
- To meet Working Capital requirements.Repayment of certain borrowing availed by our Company, in part or full.General Corporate Purpose.
Highlights
- The company offers a wide range of products, reducing reliance on any single product line.
- Long-standing relationships with customers demonstrate trust and loyalty.
- The company benefits from experienced promoters and senior management.
- A track record of healthy financial performance indicates a solid business foundation.
- The company's focus on expanding its presence in the forging market and increasing capacity demonstrates a growth-oriented approach.
Challenges
- Reliance on a limited number of key customers exposes the company to significant revenue volatility.
- The company's reliance on a few suppliers for raw materials could disrupt operations and increase costs.
- Debt repayment challenges and potential working capital shortages could negatively impact the company's financial stability.
- The company's business is subject to fluctuations in the industries it serves, which could affect demand and profitability.
- Dependence on a single manufacturing facility, potential supply chain disruptions, and labor-related issues could impact operations and financial performance.
