Sanghvi Forging IPO closes for subscription on 9 May 2011

Sanghvi Forging & Engineering is entering the capital markets with an initial public offering (IPO) of Rs36.90 crore. The price band for the issue has been fixed at Rs80 at lower level and Rs85 at upper level. The issue opens on 4 May 2011 and closes for subscription on 9 May 2011.

Sanghvi Forging & Engineering 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 company has its own forge shop, die shop, heat treatment shop, CNC based machine shop.