Ganga Forging Limited IPO Details

Ganga Forging Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	11,28,000	11,28,000	22,56,000
Day-1 [29-06-2018]	8,34,000 [0.74]	9,84,000 [0.87]	18,18,000 [0.80]
Day-2 [02-07-2018]	8,34,000 [0.74]	15,66,000 [1.38]	24,00,000 [1.06]
Day-3 [03-07-2018]	9,48,000 [0.84]	31,62,000 [2.80]	41,10,000 [1.82]
Day-4 [-]	-[-]	-[-]	-[-]

Ganga Forging Limited was 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.

Ganga Forging Limited IPO Details
Issue Open	29-06-2018
Issue Close	03-07-2018
Allotment Date	09-07-2018
Unblocked Amount	10-07-2018
Listing Date	11-07-2018
Issue Share	23,82,000 Total Equity Share 1,26,000 Reserved by Market Maker 22,56,000 Equity Share
Issue Size	₹ 5.00Cr
IPO Price Band	₹ 21
Minimum Share Bid	6000
Minimum Investment Amount [Rs]	₹ 1,26,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	NSE SME

Ganga Forging Limited IPO Gray Market Value
Latest Update	23-06-2018 : 06:00 PM
Premium [Per Share] As Per Market View	-
Expected Listing Gain [Subject to Sauda]	-

Ganga Forging Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	15.56	15.08	0.32
FY-2014	16.95	16.17	0.60
FY-2015	15.57	15.03	0.46
FY-2016	17.69	17.36	0.25
FY-2017	17.79	17.22	0.48
Dec-2017	18.18	17.65	0.38
-	-	-	-

Ganga Forging Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 1.04
Price/Earnings [P/E] Ratio	15.11
Return on Net Worth [RoNW]	12.34 %
Net Asset Value [NAV]	₹ 11.23 Per Share

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Ganga Forging Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

Ganga Forging Limited IPO Contact Details
Ganga Forging Limited Plot No 1 SNO 298 & 30, Rajkot Gondal N H, Veraval (Shapar)Rajkot, Gujarat360 024, India Corporate Identification Number: U28910GJ1988PLC011694 Tel. No:- +912827-252208 /252077 Fax No:- +91 2827-252208 Contact Person: Minal Lakhlani, Company Secretary and Compliance Officer Email:- info@gangaforging.com Website:- www.gangaforging.com

Registrar of Ganga Forging Limited IPO
Link Intime India Private Limited C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India Telephone: +91 22 4918 6200 Facsimile: +91 22 4918 6195 E-mail: gangaforging.ipo@linkintime.co.in Investor grievance E-mail: gangaforging.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058

Lead Managers of Ganga Forging Limited IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshva Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Unmesh Zagade SEBI Registration No:INM000012110