- Q1. What is the business of Gujarat Victory Forgings Limited ?It manufactures copper and non-ferrous metal products through recycling and processing scrap, supplying industries like EVs, power infrastructure, construction and renewable energy.
- Q2. Why is the company raising funds via IPO?To fund expansion of its Vadodara manufacturing unit, increase copper cathode capacity, repay debt and support general corporate growth initiatives.
- Q3. What is the size of the issue and where will it list?The IPO includes ~1.97 Cr Equity shares (fresh + OFS). It will be listed on NSE and BSE platform.
- Q4. What are the key risks to an investor?Major risks include volatile copper prices, cyclical industrial demand, competition from larger metal companies and dependence on successful execution of expansion and debt management plans.
- Q5. What are the potential upsides?Growing EV, renewable energy and infrastructure demand may boost copper consumption, while the company’s recycling-focused model and expanding capacity could improve long-term profitability.
- Q6. How to apply for the IPO?Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Upcoming
Gujarat Victory Forgings Limited
0
Rating
Gujarat Victory Forgings Limited is engaged in manufacturing non-ferrous metal products through processing and recycling of metal scrap. Its product portfolio includes copper cathodes, copper tubes & pipes, copper rods, copper busbars, brass tubes and copper-based master alloys used in power, automotive, construction and renewable energy sectors.
Gujarat Victory Forgings Limited was incorporated on 1990 & currently Mr. Rahul Agrawal serves as the Managing Director & Chairman of the company.
Gujarat Victory Forgings Limited filed its DRHP with SEBI on March 30, 2026. The IPO features a fresh issue of ~ 0.65 Cr equity shares and an Offer for Sale (OFS) of ~ 1.32 Cr equity shares.It serves multiple industrial sectors across India through its manufacturing units in Vadodara, Gujarat with a diversified customer base across power, automotive and renewable energy sectors.
Subscription date to apply for Gujarat Victory Forgings Limited is yet to be announced. Price band for the IPO is yet to be declared.
Revenue, PAT, EBITDA
|
Year
|
2025
|
|---|---|
|
Networth
|
₹ 87.01 Cr
|
|
Revenue
|
₹ 607.65 Cr
|
|
EBITDA
|
₹ 28.37 Cr
|
|
PAT
|
₹ 20.37 Cr
|
|
EBITDA Margin
|
~4.67%
|
|
PAT Margin
|
~ 3.35%
|
|
Face Value
|
Rs.10 per Equity Share
|
IPO Important Dates
|
#
|
Date
|
|---|---|
|
Open Date
|
TBA
|
|
Close Date
|
TBA
|
|
Anchor Investor Bidding
|
TBA
|
|
Allotment Date
|
TBA
|
|
Refunds& Demat Credit
|
TBA
|
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
|
Purpose
|
Amount
|
|---|---|
|
Capital Expenditure ( In Crores)
|
31.78
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
General Corporate Purpose
|
Balance
|
Financial Data
|
#
|
2023
|
2024
|
2025
|
|---|---|---|---|
|
Revenue (₹ Cr)
|
₹ 545.4
|
₹ 511.2
|
₹ 607.7
|
|
PAT (₹ Cr)
|
₹ 6.1
|
₹ 9.3
|
₹ 20.4
|
|
Asset (₹ Cr)
|
₹ 165.6
|
₹ 181.3
|
₹ 251.4
|
|
Net Worth (₹ Cr)
|
₹ 54.2
|
₹ 64.3
|
₹ 87.0
|
IPO Grey Market Premium
|
Date
|
IPO Price
|
IPO GMP
|
Profit Per Lot
|
|---|---|---|---|
|
17-Jun
|
₹ –
|
₹ –
|
₹ –
|
|
16-Jun
|
₹ –
|
₹ –
|
₹ –
|
|
15-Jun
|
₹ –
|
₹ –
|
₹ –
|
|
14-Jun
|
₹ –
|
₹ –
|
₹ –
|
|
13-Jun
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
|
Promoters
|
% Shares
|
|---|---|
|
Vijendrakumar Bishamber Gupta
|
~ 67.47 %
|
|
Rahul Vijendra Agrawal
|
~ 18.90 %
|
|
Manjuben Vijendrakumar Gupta
|
~ 13.39 %
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
Lot Size details
|
Application Type
|
Lot Size
|
No. of Lot
|
No. of Shares
|
Investment Amount
|
|---|---|---|---|---|
|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
|
HNI (Max)
|
–
|
66
|
-
|
₹ –
|
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
|
ROE
|
25.97%
|
|---|---|
|
ROCE
|
27.01%
|
|
RoNW
|
23.42%
|
