LGC Engineering Ltd.
SMEBSETBA
TBA
1 Shares
TBA
₹10
Subscription Details
IPO Timeline
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TBA
IPO Offer Ends
TBA
TBA
About the Company
Established in 2012, LGC Engineering is a manufacturer of investment castings, offering solutions in steel components. The company caters to a diverse range of industries, including Automotive, Defence and Aerospace, Electrical, General Engineering, Infrastructure and Earth Moving, Medical, Oil and Gas, and Railway sectors. Its experience in manufacturing investment castings has enabled it to serve clients across industries with critical casting requirements. Building on their extensive backgrounds in the industry, LGC Engineering initially focused on manufacturing precision casting products and expanded its capabilities over time. LGC Engineering has its own Lost Wax Casting unit, located in Tubinakere Industrial Area, which spans an area of 4,018 sq. mtr. (43,248.15 sq.ft.). This facility, which adheres to ISO 9001:2015 and PED certifications, serves as the backbone of the company’s operations, enabling it to deliver quality, critical assemblies and sub-assembly product to the customers. In line with its commitment to sustainability, LGC Engineering has installed a rooftop solar power system to reduce its reliance on conventional energy sources and support its manufacturing operations. The Company utilizes the solar power system to meet a portion of its energy requirements, reflecting its focus on improving energy efficiency and adopting sustainable practices. LGC Engineering has also received recognitions from its customers for its product quality and service standards, including an award from Automotive Axles in 2023, reinforcing its long-standing relationships with its customers. Over the years, LGC Engineering has diversified its product range, with a primary focus on steel castings across various grades. The company focuses on quality and customer satisfaction and serves industries requiring engineered casting solutions.
Use of Proceeds
1. Working Capital 2. Re-payment of Outstanding borrowings 3. General Corporate Purpose
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IPO FAQs
The for the LGC Engineering Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.
LGC Engineering Ltd. IPO shares are proposed to be listed on BSE.
Each LGC Engineering Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
- 1.Working Capital
- 2.Re-payment of Outstanding borrowings
- 3.General Corporate Purpose
Pre-apply means placing your LGC Engineering Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the LGC Engineering Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the LGC Engineering Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.