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.
The Promoters of the Company are Mr. Hiralal Mahidas Tilva and Mr. Rakesh Chaganlal Patel. The Promoters hold 18,48,715 Equity Shares in aggregate, which is equivalent to 33.22% of the pre-Issue paid-up Equity Share capital of the Company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||48.49||25.26||46.58||60.74||32.12|
The Objects Of The Issue are-
1. To finance setting up of Closed Die Forging manufacturing facility; and
2. General corporate purposes.
|Issue Open||Jun 29, 2018 - Jul 3, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||2,382,000 Eq Shares of Rs 10 |
(aggregating up to Rs 5.00 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 21 Per Equity Share|
|Market Lot||6000 Shares|
|Min Order Quantity||6000 Shares|
|Listing At||NSE SME|
|Bid/Offer Opens On||Jun 29, 2018|
|Bid/Offer Closes On||Jul 3, 2018|
|Finalisation of Basis of Allotment||Jul 6, 2018|
|Initiation of Refunds||Jul 9, 2018|
|Credit of Shares to Demat Acct:||Jul 10, 2018|
|IPO Shares Listing Date:||Jul 11, 2018|
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