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IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹10 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    2,62,00,000 shares (agg. up to ₹[.] Cr)
  • Fresh Issue
    1,97,00,000 shares (agg. up to ₹[.] Cr)
  • Offer for Sale
    65,00,000 shares of ₹10 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    6,74,47,500 shares
  • Share Holding Post Issue
    8,71,47,500 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Mon, Mar 30, 2026

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

About Gujarat Victory Forging Ltd.

Incorporated in September 1990, Gujarat Victory Forgings Limited manufactures non-ferrous metal products through the processing and recycling of metal scrap.

The company’s product portfolio includes high-purity copper cathodes (99.96%- 99.99% copper) and copper-related products, such as tubes, pipes, ingots, busbars, rods, and master alloys (copper arsenic, phosphorus, nickel, chromium zirconium, and silicon alloys). These products are used in various industries, including power infrastructure, electric vehicles, construction, renewable energy, and storage.

The company has three manufacturing units, out of which one is located in Panchmahals, Gujarat, and the other two are situated in Vadodara, Gujurat.

As of February 28, 2026, we have 56 permanent and 0 contractual employees.

Competitive Strength:

  • Proven track record of sustained profitability and consistent financial results in a high-entry-barrier industry.
  • De-risked business model with diverse industry applications/customer base/suppliers/location/product portfolio, and operational flexibility.
  • Strong customer base along with robust raw materials sourcing capabilities.
  • Strong renewable energy infrastructure enabling sustainable and cost-efficient manufacturing.
  • Experienced promoters and management team, having domain knowledge.

Company Financials (Restated Consolidated)

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 270.20 251.36 181.27 165.65
Total Income 354.91 614.11 515.46 547.41
Profit After Tax 22.37 20.38 9.31 6.09
EBITDA 20.60 28.38 15.34 12.00
NET Worth 109.27 87.01 64.32 54.19
Reserves and Surplus 108.96 86.68 64.08 53.97
Total Borrowing 37.41 26.73 25.50 11.27
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Financing the capital expenditure requirement towards expansion of our existing Unit III at Vadodara by increasing the manufacturing capacity of copper cathodes;
    31.79
  • 2 Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company
    40.00
  • 3 General Corporate Purposes
  • Total
    71.79

Key Performance Indicator (KPI)

KPI Mar 31, 2025
ROE 25.97%
ROCE 27.01%
Debt/Equity 0.32
RoNW 23.42%
PAT Margin 3.35%
EBITDA Margin 4.67%
Pre IPO Post IPO
Promoter Holding 99.94%
Vijendrakumar Bishamber Gupta, Manjuben Vijendrakumar Gupta and Rahul Vijendra Agrawal, the individual Promoters of the company.

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Monarch Networth Capital Ltd.  (Past IPO Performance)
  2. Nirbhay Capital Services Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Gujarat Victory Forging Ltd. Address
Block No. 1147,
Old RS No. 1558, Village Manjusar
Lamdapura, Savli,
Vadodara, Gujarat, 391775

IPO FAQs

Gujarat Victory Forging IPO is a main-board IPO of 2,62,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Gujarat Victory Forging IPO open and close dates are not available as of now.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Gujarat Victory Forging IPO using UPI as a payment gateway. Zerodha customers can apply in Gujarat Victory Forging IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Gujarat Victory Forging IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘Gujarat Victory Forging IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Gujarat Victory Forging IPO dates are not announced. Please check back again after some time.

Gujarat Victory Forging IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Gujarat Victory Forging IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Gujarat Victory Forging IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gujarat Victory Forging IPO allotment status.

The Gujarat Victory Forging IPO listing date is not yet announced. The tentative date of listing is .

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