What are the future prospects of hilton metals forging ltd?
Hilton Metal Forging Ltd. is a leading manufacturer and exporter of forged components for International Markets. HMFL has the capacity to manufacture from size range 0.5kgs to 750kgs per piece in closed die forgings. HMF offered for its initial public offering (IPO) opens for subscription on April 18, 2007 The Initial Public Offering (IPO) of Hilton Metal Forging Ltd is opening for subscription on Wednesday – April 18, 2007. The company is coming out with an IPO of 54,50,000 equity shares of Rs.10 each at a price of Rs.70 per equity share inclusive of premium aggregating Rs.3815 Lakhs including 5000 equity shares of Rs.10 each being offerred to Centrum Capital Ltd on a firm basis at Rs.70 per equity shares inclusive of premium. The Net issue to the public is 54,45,000 equity shares aggregating Rs.3811.50 Lakhs. The Face Value of the equity share is Rs.10 and the net issue to the public would constitute 43.80% of the fully diluted post issue paid-up capital of the company. The equity sh
