Ganga Forging Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,128,000 (47%) | — | ₹237 Cr |
| Retail | — | 1,128,000 (47%) | — | ₹237 Cr |
| Market Maker | — | 126,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 2,382,000 (100%) | — | ₹5,002 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹126,000 |
| Retail (Max) | 13 | 78,000 | ₹1,638,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,764,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,442,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 1,779 | 1,769 | 1,557 |
| Profit After Tax | 48 | 25 | 47 |
| Total Assets | 1,514 | 1,345 | 1,203 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To finance setting up of Closed Die Forging manufacturing facility – 4.60
- 2 General corporate purposes – 0.00
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 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.