Ganga Forging IPO

Ganga Forging IPOBusiness description - Ganga Forging is a manufacturer in forging industry and is engaged in manufacturing of closed die forged products catering to both automotive and non-automotive segments. Automotive segment includes manufacturing of products catering to commercial vehicle, passenger car, three wheeler, two wheeler and tractor. Non-automotive segment includes electric power transmission, dairy equipment manufacturing, agricultural, gear and gear box, crank shafts, connecting road, heavy engineering industrial, hubs and flanges.

The company is equipped with in-house testing laboratory for checking of raw materials, working in process materials and finished products. The company also complies with Quality Assurance System like ISO and strives to deliver quality products to the customers. Ganga Forging is ISO 9001:2008 certified.

Promoters of Ganga Forging – Hiralal Tilva and Rakesh Patel
Ganga Forging IPO details
Subscription Dates29 June - 3 July 2018
IPO Price bandINR21 per share
Fresh issue 2,382,000 shares (INR5.00 crore)
Offer for sale Nil
Total IPO size2,382,000 shares (INR5.00 crore)
Minimum bid (lot size)6,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform
Use of funds
  • To finance setting up of Closed Die Forging manufacturing facility - INR4.60 crore
  • Issue expenses - INR0.40 crore
Ganga Forging's financial performance (in INR lakh)
 FY2013FY2014FY2015FY2016FY20179M FY2018
Total revenue1,556.91,696.01,557.21,769.41,779.21,818.5
Total expenses1,508.11,618.01,503.31,736.71,722.61,765.9
Profit after tax32.160.746.625.348.538.7
Ganga Forging's Contact Details

Ganga Forging Limited
Plot No 1 SNO 298 & 30
Veraval (Shapar)
Rajkot - 360 024

Phone: +91 2827-252208
Email: [email protected]

Ganga Forging IPO Subscription Details
DaySubscription (no. of times)
Day 10.76
Day 21.01
Day 31.73
Ganga Forging Valuation (Latest FY)

Earnings Per Share (EPS): INR1.39

Price/Earnings (P/E) ratio: 15.11

Return on Net Worth (RONW): 12.34%

Net Asset Value (NAV): INR11.23 per share

Registrar of Ganga Forging IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]

Ganga Forging IPO Allotment Status

Ganga Forging IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Ganga Forging

IPO Opening Date: 29 June 2018

IPO Closing Date: 3 July 2018

Finalisation of Basis of Allotment: 6 July 2018

Initiation of refunds: 9 July 2018

Transfer of shares to demat accounts: 10 July 2018

Listing Date: 11 July 2018

Listing Price on NSE SME: INR21.10 per share (up 0.48% from IPO price)

Closing Price on NSE SME: INR21.30 per share (up 1.43% from IPO price)

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