₹32.96 Crores | Listing at NSE | Fri, Jul 10, 2026 - Mon, Jul 20, 2026
The timetable for Ganga Forging Ltd. Rights Issue is as follows:
| Last Date for credit of Rights Entitlements | Fri, Jul 3, 2026 |
| Last Date for renunciation of Rights Entitlements | Wed, Jul 15, 2026 |
| Issue Opening Date | Fri, Jul 10, 2026 |
| Issue Closing Date | Mon, Jul 20, 2026 |
| Date of Allotment (on or about) | Tue, Jul 21, 2026 |
| Date of Credit (on or about) | Wed, Jul 22, 2026 |
| Date of Listing (on or about) | Wed, Jul 22, 2026 |
Ganga Forging Rights Issue July 2026 is expected to list on or around July 22, 2026.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loan Availed for the Solar Power Project | 6.00 |
| 2 | For Capital Expenditure towards the Solar Power Project | 3.38 |
| 3 | Repayment of Loan Availed for procuring machinery for Elastic Rail Clip and Forging Business | 1.70 |
| 4 | For Capital Expenditure towards the Forging Business | 2.28 |
| 5 | Repayment of Cash Credit Facility availed for the forging business | 7.00 |
| 6 | To Meet Working Capital Requirements for the Production of Elastic Rail Clip (“ECR”) | 7.37 |
| 7 | General Corporate Purposes | 4.88 |
| Total | 32.61 |
It is difficult to predict the exact listing price of Ganga Forging Ltd. Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.
We do not provide Rights Issue recommendations. However, we share a lot of information about Ganga Forging Ltd. which could help you with questions like whether to subscribe or not. Consider reading Ganga Forging Ltd. reviews and analysis from experts posted on the Rights Issue detail page.
