Shree Ganesh Forgings IPO
Shree Ganesh Forgings IPO — date, price band, lot size & details 2005
Shree Ganesh Forgings listed on 22 Jun 2005 at ₹43, 43.3% above the ₹30 issue price.
Shree Ganesh Forgings makes forged products and engineering components, with an installed capacity of 11000 MT. Its total income was Rs 45.59 crore in FY2004.
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 13 November.
- Open 18 May 2005
- Close 24 May 2005
- Allotment 17 Jun 2005
- Refund/credit TBA
- Listing 22 Jun 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 24 May, 2005 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 170 Shares |
| Issue Size | ₹15 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 5,100 |
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 170 shares at the ₹30 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 170 | ₹5,100 |
| Retail (max) | 39 | 6,630 | ₹1,98,900 |
| S-HNI (min) | 40 | 6,800 | ₹2,04,000 |
| S-HNI (max) | 196 | 33,320 | ₹9,99,600 |
| B-HNI (min) | 197 | 33,490 | ₹10,04,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 34.02 crore in FY2003 to Rs 45.59 crore in FY2004.
- 02Profit after tax rose from Rs 0.79 crore in FY2003 to Rs 1.25 crore in FY2004, and was Rs 2.23 crore in nine months to December 2004.
- 03It had spare installed capacity of 11000 MT to grow into.
- 04Total income was Rs 44.19 crore in nine months to December 2004.
Risks · 5
- 01It used only 28.54% of its installed capacity in FY2004.
- 02Profit after tax was thin at Rs 1.25 crore on income of Rs 45.59 crore in FY2004.
- 03Litigation against the promoters totalled Rs 27.62 lacs, and against their other ventures Rs 49.98 lacs.
- 04Steel prices and export demand drive its business; the issue was Rs 15 crore.
- 05Promoter group holding fell from 100% before the issue to 60% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Shree Ganesh Forgings offer document.
| Metric | 31 Dec 2004 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Total Income | 44.19 | 45.59 | 34.02 |
| Profit After Tax | 2.23 | 1.25 | 0.79 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Shree Ganesh Forgings RHP.
Where the money goes
₹32.50 Cr of the issue is earmarked to named objects.
About the company
It makes and exports forged products, including stainless steel and alloy steel forgings and engineering components.
Its installed capacity was 11000 MT, but production in FY2004 was only 28.54% of that capacity.
The IPO was Rs 15 crore and was entirely a fresh issue at Rs 30 per share, with a face value of Rs 10.
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.
Shree Ganesh 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.
Keynote Financial Services
29 issues handledBest listing: Gravita India (+60.9%). Weakest: Vishal Information Technologies (-13.3%).
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 Shree Ganesh Forgings?
The current Grey Market Premium is ₹0.
What is the Shree Ganesh Forgings IPO price band?
₹30, on a face value of ₹10.
When is the allotment?
The basis of allotment is 17 June 2005, with listing on 22 June 2005.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private 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.
