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Ganga Forging Ltd. IPO
BSE SME Fixed Price IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹21
Issue Price
₹21
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹21
GMP based
Lot Size
6,000
shares / lot
Min Amount
₹126,000
1 lot · 6,000 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
29 Jun 2018
Fri Completed
Done
Close Date
03 Jul 2018
Tue Completed
Done
Allotment
06 Jul 2018
Fri Completed
Done
Refund
09 Jul 2018
Mon Completed
Done
Demat Credit
10 Jul 2018
Tue Completed
Done
Listing Date
11 Jul 2018
Wed Completed
UPI Deadline: 03 Jul 2018
Issue Details
Pricing & Size
Issue Price
₹21 Face ₹10
Lot Size
6,000 shares
Min Investment
₹126,000
Total Issue Size
23,82,000 shares (aggregating up to ₹5.00 Cr)
IPO Information
Issue Type
Fixed Price IPO
Sale Type
Fresh Capital
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
1,26,000 (5.29%)
QIB Portion
-
NII / HNI
11,28,000 (47.36%)
Retail
11,28,000 (47.36%)
Employee
-
Net Offer to Public
22,56,000 shares (aggregating up to ₹4.74 Cr)
Shareholding Pattern
Pre-Issue Shareholding
55,65,331 shares
Post-Issue Shareholding
79,47,331 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 6,000 ₹1,26,000
HNI / NII 2 12,000 ₹2,52,000
Objects of Issue
2 objectives
1
1 To finance setting up of Closed Die Forging manufacturing facility
4.60 Cr
2
2 General corporate purposes
0.00 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Pantomath Capital Advisors Pvt.Ltd.
Market Maker
Pantomath Stock Brokers Pvt.Ltd.
IPO Timeline
Open
29 Jun
✓ Done
Close
03 Jul
✓ Done
Allotment
06 Jul
✓ Done
Listing
11 Jul
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
gangaforging.ipo@linkintime.co.in
Company Contact
Email
info@gangaforging.com
Phone
+912827-252208 /252077
Address
Plot No 1 SNO 298 & 30 Rajkot Gondal N H, Veraval (Shapar), Rajkot, Gujarat, 360024
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹21
Est. Listing
₹21
Lot Size
6,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Ganga Forging Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
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| Price
Market Reference
IPO Issue Price
₹21
GMP
+₹0 (+0%)
GMP Est. Listing
₹21
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
NII / HNI (Total) 11,28,000 (47.36%) ₹236.88 Cr
Retail Investors 11,28,000 (47.36%) ₹236.88 Cr
Total ** 23,82,000 (100.00%) ₹5,002.20 Cr
Market Maker * 1,26,000 (5.29%) ₹2.65 Cr
* Based on ₹21.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
NII
11,28,000 (47.36%)
Retail
11,28,000 (47.36%)
Market Maker
1,26,000 (5.29%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Lakhs
Metric31-Mar-1731-Mar-1631-Mar-15
Revenue1779.171769.451557.19
PAT48.4925.2646.58
EBITDA
Net Worth
Total Assets1514.461345.331202.73
Reserves
Borrowings
About Ganga Forging Ltd.

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.

Frequently Asked Questions
What is the issue price of Ganga Forging Ltd. IPO?
The issue price of Ganga Forging Ltd. IPO is ₹21 per share, face value ₹10.
What is the lot size?
Minimum lot size is 6,000 shares, requiring ₹126,000.
What are the IPO dates?
Opens 29 Jun 2018, closes 03 Jul 2018.
When is the listing date?
Tentative listing: 11 Jul 2018 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹21 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Ganga Forging Ltd. IPO · Expected 06 Jul 2018

Check on Registrar
Post-IPO Timeline
Allotment Date
06 Jul 2018
Refund Initiation
09 Jul 2018
Demat Credit
10 Jul 2018
Listing Date
11 Jul 2018
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹21
Face ₹10
Lot Size
6,000
shares / lot
Min Amount
₹126,000
1 lot
Est. Listing
₹21
GMP +₹0
Key Dates
Open
29 Jun Done
Close
03 Jul Done
Listing
11 Jul Done
Registrar
MUFG Intime India Pvt.Ltd.
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