Ganga Forging Ltd is incorporated in 1988 based in Gujarat. The company is a manufacturer of closed die forged products. They are providing their products to automotive and non-automotive segment. The products are used in automotive segment includes commercial vehicle, passenger vehicle, two wheeler, three wheeler and tractors. The non-automotive segment includes electrics power transmission, dairy equipment, agriculture, heavy engineering and more. The company has 68 permanent employees. Ganga Forging ipo is starting from 29-June and ends on 3-July. The price band is around Rs.21 with 6000 market lot. The ipo size is around 5.00 crore rupees.
IPO Review:
- Avoid
Ganga Forging IPO Dates & Price Band:
- IPO Open: 29-June-2018
- IPO Close: 03-July-2018
- IPO Size: Approx Rs 05.00 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.21 Per Equity Share
- Listing on: NSE SME
- Shares: 2,382,000
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 6,000 Shares (Minimum Lot Size)
- Amount: Rs.1,26,000
IPO Allotment & Listing:
- Basis of Allotment: 09-July-2018
- Refunds: 10–July-2018
- Credit to demat accounts: 11–July-2018
- Listing: 12-July-2018
Financial Results:
| Rs. in Crore | |||||
| Revenue | Expense | PAT | |||
| 2013 | 15.57 | 15.08 | 0.32 | ||
| 2014 | 16.96 | 16.18 | 0.61 | ||
| 2015 | 15.57 | 15.03 | 0.47 | ||
| 2016 | 17.69 | 17.37 | 0.25 | ||
| 2017 | 17.79 | 17.23 | 0.49 | ||
| 2018 (9M) | 18.19 | 17.66 | 0.39 | ||
Ganga Forging IPO Important Links:
Company Promoters:
- Mr. Hiralal Mahidas Tilva
- Mr. Rakesh Chaganlal Patel
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus
IPO Registrar:
Link Intime India Private Ltd
Phone: 91-22-25963838
Fax: +91-22-25946969
Email: [email protected]
Website: http://www.linkintime.co.in
IPO Lead Managers:
- Pantomath Capital Advisors Pvt. Ltd.
Company Address:
Ganga Forging Limited
Plot No 1 SNO 298 & 30
Rajkot Gondal N H, Veraval (Shapar)
Rajkot, Gujarat, 360 024
Phone: +912827-252208 /252077
Fax: +91 2827-252208
Email: [email protected]
Website: http://www.gangaforging.com/
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