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Ganga Forging Limited IPO (Ganga Forging (GFL) IPO) Detail

Jun 29, 2018 - Jul 3, 2018

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.

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 1,514.46 1,345.33 1,202.73 1,708.34 858.33
Total Revenue 1,779.17 1,769.45 1,557.19 1,695.99 1,556.93
Profit After Tax 48.49 25.26 46.58 60.74 32.12

Objects of the Issue:

The Objects Of The Issue are-

1. To finance setting up of Closed Die Forging manufacturing facility; and
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: Jun 29, 2018 - Jul 3, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,382,000 Equity 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
  »»  Minimum Order Quantity: 6000 Shares
  »»  Listing At: NSE SME

Ganga Forging (GFL) IPO Reviews / Recommendations:

Dilip Davda - Avoid

 

Ganga Forging (GFL) IPO Subscription Status / Live Bidding Status

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Ganga Forging (GFL) IPO Prospectus

Ganga Forging (GFL) IPO Rating

40
3.5
Rating:Rated 3.5 stars

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Ganga Forging (GFL) IPO Listing Date

  •   ›  Listing Date: Wednesday, July 11, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: GANGAFORGE
  •   ›  Listing In:
  •   ›  ISIN: INE691Z01015
  •   ›  Issue Price: Rs 21 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 21.00
Open:Rs 21.10
Low:Rs 21.00
High:Rs 21.30
Last Trade:Rs 21.20
Volume:486,000

Ganga Forging (GFL) IPO News Alerts

  1. Wednesday, July 11, 2018 12:00:00 AM
    Ganga Forging (GFL) IPO Listing Date & Info
  2. Tuesday, July 3, 2018 12:00:00 AM
    Ganga Forging (GFL) IPO Closes on Jul 3, 2018
  3. Friday, June 29, 2018 12:00:00 AM
    Ganga Forging (GFL) IPO Opens on Jun 29, 2018

Company Contact Information

Ganga Forging Limited
Plot No 1 SNO 298 & 30
Rajkot Gondal N H, Veraval (Shapar)
Rajkot, Gujarat, 360 024
Phone: +912827-252208 /252077
Fax: +91 2827-252208
Email: info@gangaforging.com
Website: http://www.gangaforging.com/

Ganga Forging (GFL) IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: gangaforging.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Ganga Forging (GFL) IPO Review / Comments

avatar
34. IPOANALYSIS  Jul 11, 2018 11:46:27 AM I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Hi Raj Kumar;. I an holding 12000 allowed shares from.ipo. also added 6000 shares more. I will.keep these for 6 to 8 months
avatar
33. RAJAKUMAR  Jul 11, 2018 9:47:02 AM I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Dear IPOANALYSIS
I Sold at 21.10 i exited from this counter.
avatar
32. Darsh ipo  Jul 8, 2018 8:47:22 PM I Like It. | Report Abuse Reply
Any listing gain possible in ganga ?
avatar
32.1. IPOANALYSIS  Jul 10, 2018 7:32:32 PM I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
tirupati forging issued at 29 rs is now 46 rs

dont think short term. think about long term .
avatar
31. rahul RII  Jun 25, 2018 12:10:03 PM I Like It. | Report Abuse Reply
This message has been removed by a moderator.
avatar
31.5. IPOANALYSIS  Jul 9, 2018 10:30:16 PM I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
There challenge ka kya hua rahul urf shareblaster
avatar
31.6. IPOANALYSIS  Jul 9, 2018 11:09:19 PM I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
wrong grp . please ignore
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30. RAJAKUMAR  Jul 7, 2018 10:31:56 AM I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Dear IPOANALYSIS
I applied 24k and allotted 24k shares. Today amount debited from my bank account. I applied at 1.45 pm on last day expecting hni will cross 4 or 5 times. But final tally gave surprise for me. HNI portion under subscribed. Now fingers crossed for listing.
avatar
30.1. IPOANALYSIS  Jul 7, 2018 12:14:42 PM I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Ok. I am alloted 2 out of 3 applied.
avatar
30.2. IPOANALYSIS  Jul 7, 2018 12:15:29 PM I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
This has been only sme I applied.
avatar
29. IPOANALYSIS  Jul 4, 2018 12:39:20 AM I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
dont worry.
If anyone alloted it is a hold for huge long term gain.
i see it similar way as tirupati forge which is given more than 60% returns

avatar
29.1. RAJAKUMAR  Jul 4, 2018 11:54:12 AM I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Dear IPOANALYSIS,
Thank you,
But i am short term investor. I need fund for applying HDFC AMC IPO in shareholder category for my 6 family accounts. I bought one share of HDFC before 14th March in all my family account. I will apply 12th lot in shareholders quota and one lot in retail quota put together the amount will not exceed Rs.2 lakh in all my family accounts.
avatar
29.2. IPOANALYSIS  Jul 4, 2018 12:02:43 PM I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Hi Rajkumar,

Has the dates been decalred for HDFC. from what i heard last it has been extended and wont be before 2 weeks

anyway Ganga forging have less chance of going down. Lets , wait for listing
avatar
28. RAJAKUMAR  Jul 3, 2018 4:14:24 PM I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Hni quota full and firm allotment so it is question mark for listing gain.
avatar
28.1. IPOANALYSIS  Jul 3, 2018 5:43:43 PM I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Listing gain or not but long term it's good
avatar
27. RAJAKUMAR  Jul 3, 2018 4:12:48 PM I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
HNI 0.84 TIMES
RETAIL 2.63 TIMES
TOTAL 1.64 TIMES.
HNI Quota full and firm allotment. Now Fingers crossed. How listing happens, whether this counter joins or not, last trio (Pantamoth) vasu, Oswal and priti all are listed well.
avatar
26. IPOANALYSIS  Jul 3, 2018 3:27:07 PM I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
The last forging issue Tirupati forging is almost double issue price.
this one is the only one from the list that might do well from all issues opened

Avoid all others like rudraksh, jakharia fabric etc
avatar
25. rahul RII  Jul 3, 2018 3:12:05 PM I Like It. | Report Abuse Reply
last movement pe pnb asba shows function not awailable show the problm i missed
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24. rahul RII  Jul 3, 2018 2:14:52 PM I Like It. | Report Abuse Reply
This message has been removed by a moderator.
avatar
24.1. RAJAKUMAR  Jul 3, 2018 3:04:33 PM I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
No idea regarding Jakharia. I believe Pantamoth so i applied Ganga
avatar
23. rahul RII  Jul 3, 2018 2:34:09 PM I Like It. | Report Abuse Reply
This message has been removed by a moderator.
avatar
23.1. RAJAKUMAR  Jul 3, 2018 2:48:32 PM I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Dear rahul RII
Retail only subscribing it touches 2 times. But HNI silent today. Time is almost 3 pm. Even then i applied 4th lot one application. Taking risk i applied
avatar
22. rahul RII  Jul 3, 2018 11:16:08 AM I Like It. | Report Abuse Reply
This message has been removed by a moderator.
avatar
22.1. RAJAKUMAR  Jul 3, 2018 12:34:35 PM I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Yes. Watching.Waiting.
avatar
21. Ashoka  Jul 3, 2018 12:32:21 PM I Like It. | Report Abuse Reply
Latest subscription fig.pls
avatar
21.1. DownriteVJ  Jul 3, 2018 12:33:53 PM I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
1.11X
avatar
20. DownriteVJ  Jul 3, 2018 12:33:40 PM I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
Retail      1.52X
Overall      1.11X
avatar
19. AKMP  Jul 2, 2018 1:44:59 PM I Like It. | Report Abuse Reply
Big avoid
avatar
18. khushbir singh  Jul 2, 2018 11:44:33 AM I Like It. 5 | Report Abuse Reply
Actually SME cos are risky now a days, but since this issue is a small and also having Pantomath in it it could give listing gain, but apply only after seeing the subscription fig on last day at 2 pm.
avatar
17. Nirav Babariya  Jul 2, 2018 3:42:21 AM I Like It. | Report Abuse Reply
Can I apply this ipo?
avatar
16. NSEIPO  Jul 1, 2018 2:24:42 PM I Like It. | Report Abuse Reply
I think small size IPO are better.

SME plate form are meant for such size of companies. And these companies can give better price return compared to large size.
avatar
15. jaat boy  Jun 30, 2018 12:22:31 PM I Like It. | Report Abuse Reply
Kesa h ye ipo koi advise de..????
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