The Ganga Forging date has been confirmed from June 29, 2018 and ended on July 3, 2018. Read the post to learn about Ganga Forging IPO GMP.
Ganga Forging Developers IPO is a fixed price issue of Rs 5.00 crores. The price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
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Key Details Of Ganga Forging IPO:
Bidding Dates
June 29-July 3
Price Range
₹21 per share
Face Value
₹10 per share
GMP
₹6.80
Ganga Forging IPO GMP
The Ganga Forging IPO GMP is ₹6.80.
IPO Overview
Ganga Forging (GFL) IPO is a Rs 5.00 crore fixed price issuance. The IPO bidding for Ganga Forging (GFL) began on June 29, 2018 and closed on July 3, 2018. On Friday, July 6, 2018, the Ganga Forging (GFL) IPO allotment was completed. Ganga Forging IPO GMP Today is ₹6.80. On July 11, 2018, the shares were listed on the NSE SME. The IPO price for Ganga Forging (GFL) is 21 per share. A lot size of 6000 shares is required for an application. Retail investors must make a minimum investment of ₹126,000.
The manufacturing facilities are equipped with all the vital equipment, like machines or other handling tools, so that the production process is continued smoothly. The employer has total of 68 full-time staff in their payroll.
Ganga Forging IPO Details
| IPO Date | June 29, 2018 to July 3, 2018 |
| Listing Date | July 11, 2018 |
| Face Value | ₹10 per share |
| Price | ₹21 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,382,000 shares (aggregating up to ₹5.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 126,000 shares |
Ganga Forging Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,514.46 | 1,345.33 | 1,202.73 | 1,708.34 | 858.33 | |
| Total Revenue | 1,779.17 | 1,769.45 | 1,557.19 | 1,695.99 | 1,556.93 | |
| Profit After Tax | 48.49 | 25.26 | 46.58 | 60.74 | 32.12 | |
Ganga Forging (GFL) IPO Timeline
| IPO Open Date | Friday, June 29, 2018 |
| IPO Close Date | Tuesday, July 3, 2018 |
| Basis of Allotment | Friday, July 6, 2018 |
| Initiation of Refunds | Monday, July 9, 2018 |
| Credit of Shares to Demat | Tuesday, July 10, 2018 |
| Listing Date | Wednesday, July 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 3, 2018 |
Company Profile
Ganga Forging Limited, a Gujarat based company for producing the products (both for capsule and other non-capsule application) by Closed Die Method, being acute manufacturing unit, was founded in 1988. Among various means of transportation, the production of triple and simple vehicles, passenger cars, motorcycles, three-wheelers, two-wheelers and tractor is a lot more massive in chips. The non-motor vehicle market consists of heavy electrical transmission equipment, dairy equipment manufacturing, agricultural, gears and gearboxes, hanks, connecting roads, crankshafts and pads.
majority of allied products in this business, the Company serves a diverse spectrum of consumers. The company’s current manufacturing facility is outfitted with four Drop Hammers, two automatic power presses, two manual power presses, and four furnaces in the forge shop.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Ganga Forging Limited |
| Phone number | +912827-252208 /252077 |
| Email ID | [email protected] |
| Website | gangaforging.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Ganga Forging IPO FAQs
When Ganga Forging (GFL) IPO will open?
The Ganga Forging (GFL) IPO opens on June 29, 2018 and closes on July 3, 2018.
What is the lot size of Ganga Forging (GFL) IPO?
Ganga Forging (GFL) IPO lot size is 6000 Shares, and the minimum amount required is ₹126,000.
When is Ganga Forging (GFL) IPO allotment?
The finalization of Basis of Allotment for Ganga Forging (GFL) IPO will be done on Friday, July 6, 2018, and the allotted shares will be credited to your demat account by Tuesday, July 10, 2018.
When is Ganga Forging (GFL) IPO listing date?
The Ganga Forging (GFL) IPO listing date is on July 11, 2018.
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