IPO

Ganga Forging Limited IPO

NSE SME

Offer Date: Jun 29, 2018 - Jun 3, 2018

₹ 126000 /6000 Shares

IPO Details

29 Jun, 2018

Open Date

03 Jun, 2018

Close Date

09 Jul, 2018

Allotment Date

11 Jul, 2018

Listing Date

Issue Price

Rs 21/- Per Equity Share 

Face Value

Rs 10 Per Equity Share 

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

Market Lot

6000 Shares (Rs 1,26,000/-)

Lead Manager

Pantomath Capital Advisors Private Limited

Issue Size

Fresh Issue of 23,82,000 Equity Shares of Rs 10/- each at a price of 21/- per share aggregating to 5.00 Cr

Retail Portion

N/A

Subscription

times

IPO Docs

No related IPO documents available.

IPO Details


Ganga Forging Limited IPO is an SME IPO, priced at Rs 21/- Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Jun 29, 2018 to Jun 3, 2018. The allotment is expected to be finalized on Jul 9, 2018, and the tentative listing date is Jul 11, 2018.


Pantomath Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and

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IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved11,28,00011,28,00022,56,000
Day 1 - 29-06-188,34,000 0.74 x9,84,000 0.87 x18,18,000 0.81 x
Day 2 - 02-07-188,34,000 0.74 x15,66,000 1.39 x24,00,000 1.06 x
Day 3 - 03-07-189,48,000 0.84 x31,62,000 2.80 x41,10,000 1.82 x
Day 4 - 04-06-18N/A xN/A xN/A x
Day 4 - 05-06-18N/A xN/A xN/A x

Valuations

Earnings Per Share (EPS)

Rs 0.61

P/E Ratio

34.40

RoNW

12.34%

Net Asset Value (NAV) ( post issue )

Rs 16.69

Company Financials All values are in ₹ Cr.

- Promoter(s)

Company Promoter(s)
  1. Mr. Hiralal Mahidas Tilva
  2. Mr. Rakesh Chaganlal Patel

IPO - Issue Objectives

  1. To finance setting up of Closed Die Forging manufacturing facility.
  2. General Corporate Purposes.

IPO - FAQs

Ans. Ganga Forging Limited IPO is a SME IPO. The issue is priced at Rs 21/- Per Equity Share . The minimum order quantity is 6000 Shares. The IPO opens on Jun 29, 2018, and closes on Jun 3, 2018. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Ganga Forging Limited IPO opens on Jun 29, 2018 and closes on Jun 3, 2018.

Ans. The size of Ganga Forging Limited IPO is Fresh Issue of 23,82,000 Equity Shares of Rs 10/- each at a price of 21/- per share aggregating to 5.00 Cr.

Ans. The IPO price band is set between Rs 21/- Per Equity Share .

Ans. To apply for Ganga Forging Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Ganga Forging Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Ganga Forging Limited IPO is Jul 9, 2018.

Ans. The Ganga Forging Limited IPO will be listed on Jul 11, 2018.

Ans. Follow the steps to check the allotment status for Ganga Forging Limited IPO here.