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Open
29 Jun to 3 Jul, 2018
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Close
29 Jun to 3 Jul, 2018
3
Allotment
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Listing
Wed, Jul 11, 2018
Price Band
₹21 per share
Issue Size
23,82,000 shares (agg. up to ₹5 Cr)
Lot Size
6,000 Shares
Listing Date
Wed, Jul 11, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.45x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 23.18 | 15.14 | 13.45 | 12.03 |
| Total Income | 18.18 | 17.79 | 17.69 | 15.57 |
| Profit After Tax | 0.39 | 0.48 | 0.25 | 0.47 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tirupati Forge Ltd. | SME | ₹5.22 Cr | ₹29 | null | ₹34.10 | +17.59% | (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance setting up of Closed Die Forging manufacturing facility | 4.60 |
| 2 | General corporate purposes | 0.00 |
About Ganga Forging IPO
Incorporated in 1988, Gujarat based "Ganga Forging Limited is a company engaged in manufacturing of closed die forged products catering to both automotive and non-automotive segment. The automotive segment includes manufacturing of products catering to the commercial vehicle, passenger car, three wheeler, two wheeler, and tractor. The non-automotive segment includes electric power transmission, dairy equipment manufacturing, agricultural, gear and gearbox, crankshafts, connecting road, heavy engineering industries, hubs, and flanges. With a presence in most of the allied products in this industry, the Company caters to wide range of customers. The existing manufacturing facility of the company is equipped with 4 Drop Hammers, 2 automatic power press, 2 manual power press, 4 furnaces in the forge shop. The manufacturing facilities are well equipped with required facilities including machinery, other handling equipment to facilitate the smooth manufacturing process. The company has 68 permanent employees on its payroll.+ Read More
Contact Details
Ganga Forging Ltd. AddressPlot No 1 SNO 298 & 30Rajkot Gondal N HVeraval (Shapar)Rajkot, Gujarat, 360024+912827-252208 /252077info@gangaforging.comVisit Website