The Rs 36.9-crore initial public offering of Sanghvi Forging and Engineering, a forging products manufacturer, has received lukewarm response from investors. Non-institutional (NIIs) and retail investors helped the issue to sail through on last day.
The Rs 36.9-crore initial public offering of Sanghvi Forging and Engineering, a forging products manufacturer, has opened for subscription. RR Financial Consultants has recommended subscribing the issue for long term gains, citing great prospects ahead in future, in its research report.
The Rs 36.9-crore initial public offering of Sanghvi Forging and Engineering, a forging products manufacturer, has opened for subscription today. The price band is fixed at Rs 80-85 a share.
Forging products manufacturer Sanghvi Forging and Engineering is set to launch its Rs 36.9 crore initial public offering for subscription on May 4.
The Vadodara-based Sanghvi Forging and Engineering has filed draft red herring prospectus with SEBI to raise Rs 42.50 crore through an initial public offer