Issue Price
₹21
Per Share
GMP
NIL
Grey Market
Est. Listing
₹21
Expected Price
Min. Application
₹252,000
2 lots × 6000 shares
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.
Ganga Forging Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 126,000 | — | ₹0.26 Cr | — |
| TOTAL | 2,382,000 | 100.00% | ₹5.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹126,000 |
| Retail (Max) | 13 | 78,000 | ₹1,638,000 |
| sNII (Min) | 14 | 84,000 | ₹1,764,000 |
| bNII (Min) | 68 | 408,000 | ₹8,568,000 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 1779.17 | 1769.45 | 1557.19 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 48.49 | 25.26 | 46.58 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 1514.46 | 1345.33 | 1202.73 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |