Ramkrishna Forgings IPO
Ramkrishna Forgings IPO — date, price band, lot size & details 2004
Ramkrishna Forgings listed on 5 May 2004 at ₹38.45, 92.3% above the ₹20 issue price.
Ramkrishna Forgings is a Jamshedpur based maker of open and closed die carbon and alloy steel forgings for the automobile and engineering industries. Its total income was Rs 29.48 crore in FY2003.
Stock price
Ramkrishna Forgings is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 02 Apr 2004
- Close 10 Apr 2004
- Allotment 28 Apr 2004
- Refund/credit TBA
- Listing 05 May 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 2 to 10 Apr, 2004 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹16.95 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE, BSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹20 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹2,000 |
| Retail (max) | 100 | 10,000 | ₹2,00,000 |
| S-HNI (min) | 101 | 10,100 | ₹2,02,000 |
| S-HNI (max) | 500 | 50,000 | ₹10,00,000 |
| B-HNI (min) | 501 | 50,100 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 16.68 crore in FY2001 to Rs 29.48 crore in FY2003.
- 02Net worth rose from Rs 3.02 crore in FY2001 to Rs 8.45 crore on 31 December 2003.
- 03It held ISO 9002 approval from 2000 and QS 9000 certification from 2003.
- 04Rs 16.83 crore of the project was for imported and Indian plant and machinery.
Risks · 5
- 01Profit after tax was thin at Rs 0.61 crore on income of Rs 29.48 crore in FY2003.
- 02Its customers are mostly in the cyclical automobile sector; profit was Rs 1.10 crore in nine months to December 2003.
- 03It is a small company, with net worth of Rs 8.45 crore, taking on a new plant of Rs 16.83 crore in machinery.
- 04Steel prices drive its raw material cost; Rs 2.53 crore was margin money for working capital.
- 05The promoter group held 90.9% before the issue and 47.31% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Ramkrishna Forgings offer document.
| Metric | 31 Dec 2003 | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|---|
| Total Income | 25.75 | 29.48 | 23.33 | 16.68 |
| Profit After Tax | 1.10 | 0.61 | 0.87 | 0.79 |
| NET Worth | 8.45 | 5.34 | 3.81 | 3.02 |
| Reserves and Surplus | 2.91 | 2.74 | 2.13 | 1.52 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹26.30 Cr of the issue is earmarked to named objects.
About the company
It makes open and closed die forgings in plain carbon and low alloy steel, mainly for automobile and engineering customers.
It was ISO 9002 approved by BVQI from 15 August 2000 and achieved QS 9000 certification on 27 January 2003. It was allotted land in Phase VII of the Adityapur Industrial Area for expansion.
The IPO was Rs 16.95 crore at Rs 20 per share, with a face value of Rs 10, including Rs 470.00 lakh brought in by the promoters. The money was mainly for new plant and machinery.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Ramkrishna Forgings IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Karvy Investor Services Ltd
31 issues handledBest listing: Nitin Fire Protection Industries (+75.0%). Weakest: Astral Poly Technik (-10.4%).
Microsec Capital Ltd
7 issues handledBest listing: MSP Steel & Power (+79.0%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Ramkrishna Forgings?
The current Grey Market Premium is ₹0.
What is the Ramkrishna Forgings IPO price band?
₹20, on a face value of ₹10.
When is the allotment?
The basis of allotment is 28 April 2004, with listing on 5 May 2004.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
