Ganga Forging IPO is set to make its debut on 29 June 18 with 5 Cr is a company engaged in the business of providing industrial minerals to manufacturing industries at competitive prices.
Ganga Forging IPO – overview
| IPO Dates | 29 June -10 July 18 |
| IPO Price | INR 21 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,291,200 shares (INR 5 crore) |
| Minimum bid (lot size) | 6000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
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 segments. The automotive segment includes manufacturing 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 a 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 the required facilities including machinery, other handling equipment to facilitate the smooth manufacturing process.
Objects of the Issue
1.To finance the setting up of Closed Die Forging manufacturing facility; and
2. General corporate purposes.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 1,514.46 | 1,345.33 | 1,202.73 |
| Total Revenue | 1,779.17 | 1,769.45 | 1,557.19 |
| Profit After Tax | 48.49 | 25.26 | 46.58 |
Company Contact Information
Ganga Forging Limited
Plot No 1 SNO 298 & 30
Rajkot Gondal N H, Veraval (Shapar)
Rajkot, Gujarat, 360 024
Phone: +912827-252208 /252077
Email: info@gangaforging.com
Website: http://www.gangaforging.com/
Ganga Forging (GFL) IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: gangaforging.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Ganga Forging (GFL) IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
