Ganga Forging Limited Profile:
Ganga Forging Limited is incorporated in 1989 based in Gujarat. The company incorporated with qualified technocrats. They manufacture forging and machined segments according to client’s determinations for mechanical utilize.
The company occupied with assembling of closed die forged products catering to both automotive and non-automotive sector.
In the automotive sector, the company incorporates assembling of products taking into the commercial vehicle, passenger car, three-wheeler, bike, and tractor. In the non-automotive sector, the company consists of electric power transmission, dairy equipment manufacturing, agricultural, gear and gearbox, crankshafts, interfacing street, overwhelming engineering industrial, hubs and flanges.
- They have advantageously developed full-scale In-house capability since it deals to ensure quality at ZERO defect and Plan they maintain.
- They have New ability and human resources to provide the best forging and machine tools.
- They believe in providing customer satisfaction through excellence in product quality.
Ganga Forging Limited Promoters: The Promoter of the company are Mr. Hiralal Mahidas Tilva and Mr. Rakesh Chaganlal Patel.
Ganga Forging Limited IPO details:
Symbol: GANGAFORGE
Issue Size: the Public issue of 2382000 Equity Shares (including Market Maker reservation portion of 1,26,000 equity shares)
Face Value: Rs 10
Price Range: Rs 21
Issue Type: Fixed Price
Bid Lot: 6000 Equity Shares and in multiples thereof.
Minimum Order Quantity: 6000 Equity Shares
Issue Period: 29-Jun-2018 to 03-Jul-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Name of the Registrar: Link Intime India Private Limited
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
Ganga Forging Limited Financials:
| Ganga Forging’s financial performance (in INR lakh)
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 10M FY2018 | ||
| Total revenue | 1,556.9 | 1,696.0 | 1,557.2 | 1,769.4 | 1,779.2 | 1,818.5 | |
| Total expenses | 1,508.1 | 1,618.0 | 1,503.3 | 1,736.7 | 1,722.6 | 1,765.9 | |
| Profit after tax | 32.1 | 60.7 | 46.6 | 25.3 | 48.5 | 38.7 | |
Ganga Forging Limited IPO Allotment Status:
Ganga Forging Limited IPO Allotment Date: N/A
Ganga Forging Limited IPO Listing Date: N/A
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