Ganga Forging (GFL) IPO Subscription Details (Live Status)

Ganga Forging (GFL) IPO Details

IPO Open Jun 29, 2018
IPO Close Jul 3, 2018
IPO Price ₹21
Face Value ₹10
IPO Size ₹5.00 Cr
Listing At NSE SME
Lot Size 6000
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Ganga Forging (GFL) IPO Subscription Status Live

Ganga Forging (GFL) IPO subscribed 1.78 times. The public issue subscribed 2.80 times in the retail category, [.] times in QIB, and 0.84 times in the NII category by Jul 3, 2018.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers0.84
Retail Investors2.80

Ganga Forging (GFL) IPO Subscription Details (times)

Day 1
Jun 29, 2018
Day 2
Jul 2, 2018
Day 3
Jul 3, 2018

Ganga Forging (GFL) IPO Shares Offered

Ganga Forging (GFL) IPO is a public issue of 2,256,000 equity shares. The issue offers 1,128,000 shares to retail investors, 0 shares to qualified institutional buyers, and 1,128,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs. On 1st May 2022, SEBI introduced a new sub-category as Small NII for applications between Rs 2 lakhs to Rs 10 lakhs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

Ganga Forging (GFL) IPO Subscription FAQs

The Ganga Forging (GFL) IPO is subscribed 1.78 by Jul 3, 2018.

Ganga Forging (GFL) IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional0.84
Retail Individual2.80
Employee Reservations[.]
Total Subscription1.78

Retail category of Ganga Forging (GFL) IPO subscribed 2.80 times as of date Jul 3, 2018. The public issue closes on Jul 3, 2018 for bidding.

An investor can apply in Ganga Forging (GFL) IPO online via bank (using ASBA) or the broker (using UPI). The Ganga Forging (GFL) IPO shares are offered online only.

The Ganga Forging (GFL) IPO is subscribed 1.78 by Jul 3, 2018.

The Ganga Forging (GFL) IPO allotment status is expected on or around Jul 6, 2018. Visit Ganga Forging (GFL) IPO allotment status to check.

The Ganga Forging (GFL) IPO listing date is Wednesday, July 11, 2018. The equity share of Ganga Forging Limited will list on NSE SME.

Visit Ganga Forging (GFL) IPO subscription status page for real-time bidding information about Ganga Forging (GFL) IPO.

Ganga Forging (GFL) IPO Timetable

IPO Opens OnJun 29, 2018
IPO Closes OnJul 3, 2018
Finalisation of Basis of AllotmentJul 6, 2018
Initiation of RefundsJul 9, 2018
Credit of Shares to Demat AccountJul 10, 2018
IPO Listing DateJul 11, 2018