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Gujarat Victory Forging Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 2,62,00,000 Shares. The offering comprises a fresh issue component of 1,97,00,000 Shares.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
Incorporated in September 1990, Gujarat Victory Forgings Limited is engaged in the manufacturing of non-ferrous metal products through the processing and recycling of metal scrap. The company produces high-purity copper cathodes (99.96%–99.99% purity) along with a range of copper-based products such as tubes, pipes, ingots, busbars, rods, and specialized master alloys including copper arsenic, phosphorus, nickel, chromium zirconium, and silicon alloys, which are widely used in industries like power infrastructure, electric vehicles, construction, renewable energy, and energy storage. It operates three manufacturing units, one in Panchmahals and two in Vadodara, Gujarat, and as of February 28, 2026, the company had a workforce of 56 permanent employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Experienced Industry Presence: The company has a long operating history in the forging and metal segment, which supports credibility and stable business relationships.
- Diversified Product Offering: Engages in multiple metal and alloy products, helping reduce dependence on a single revenue source.
- Export Opportunities: Participation in international markets provides additional growth potential and revenue diversification.
- Capital Intensive Operations: Requires continuous investment in machinery, raw materials, and working capital.
- Raw Material Price Risk: Profitability is highly affected by fluctuations in metal prices.
- Debt Pressure: Existing borrowings can impact cash flow and financial flexibility.
- Vijendrakumar Bishamber Gupta
- Manjuben Vijendrakumar Gupta
- Rahul Vijendra Agrawal
Gujarat Victory Forging Limited
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