Business Standard

Ganga Forging Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

5.00 cr

Price Range (₹)

21

Lot Size

6000

Min Investment (₹)

1,26,000.00

Listing Exchange

NSE - SME

Open Date

29-Jun-2018

Close Date

03-Jul-2018

Listing Date

11-Jul-2018

Ganga Forging Ltd News

    The Shares of Ganga Forging Ltd have now been listed.

    Ganga Forging Ltd IPO Details

    Public issue of 23,82,000 equity shares of face value of Rs.10/- each (equity shares) of Ganga Forging Limited (the company or the issuer) for cash at a price of Rs. 21 per equity share, including a share premium of Rs. 11 per equity share (the issue price), aggregating Rs. 5 Crores (the issue), of which 1.26.000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 21 per equity share, aggregating Rs. 0.26 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion I.E. issue of 22.56.000 equity shares of face value of Rs.10 each for cash at a price of Rs. 21 per equity share, aggregating Rs. 4.74 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 29.97% and 28.39% respectively of the fully diluted post issue paid up equity share capital of the company.The face value of the equity shares is Rs.10 each and the issue price of Rs. 21 is 2.1 times of the face value of the equity shares.

    Objective of issue

    To Finance setting up of Closed Die Forging Manufacturing Facility. General Corporate Purposes.

    Ganga Forging Ltd Contact Details

    Ganga Forging Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - info@gangaforging.com

    Website - www.gangaforging.com