Thursday, June 28, 2018

Ganga Forging IPO Dates, Price Band, Market Lot, Allotment & Review

 Thursday, June 28, 2018  
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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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