Sanghvi Forging & Engineering Ltd is entering in the capital markets with an initial public offering, IPO of Rs 36.90 Crore. The price band for the issue has been fixed at Rs 80/- at lower level and Rs 85/- at upper level.
Sanghvi Forging & Engineering Limited (SFEL) is engaged in the business of manufacture and marketing of Stainless Steel Forged and Machined Subtends, Forged Flanges, Forged Fittings and CNC Machined Forged Parts & Automobile Components in India.
The issue opens on May 04, 2011 and closes for subscription on May 09, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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