Sanghvi Forging IPO : Settled at 31.47% premium on debut

by khalid on 23/05/2011 · 0 comments

Sanghvi Forging & Engineering Limited’s shares got debuted at Rs 88.00, a just 2.64% premium over its initial public offering (IPO) price of Rs 85.00 on the Bombay Stock Exchange (BSE). At the end of the day, shares price was Rs 112.00 which is a premium of 31.47% over the issue price of Rs 85.00. The stock hit a high of Rs. 116.80 and low of Rs. 86.50 on the listing day. A total of 42,730,487 shares changed hands on the BSE. Sanghvi Forging & Engineering Limited (SFEL) is engaged in 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

Listing day Summary :-
Listing Date: 23rd May 2011
BSE Scrip Code : 533411
Listing In : ‘B’ Group of Securities
ISIN : INE263L01013
Issue Price : Rs. 85.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the BSE:-
Issue Price: Rs. 85.00
Open : 88.00
High : 116.80
Low : 86.50
Close : 112.00
Last Trade : 112.00

Sanghvi Forging & Engineering Limited has raised Rs 36.90 crore through an initial public offering of 4,341,195 equity shares.

Stay tuned to BelltheBull Blog for more news on Sanghvi Forging IPO !

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