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IPO

IPO Details


Ganga Forging Ltd
Registered Office: Plot No 1 SNO 298 & 30, Rajkot Gondal N H Veraval(Shap, Ahmedabad - 360024, Gujarat
Phone: 91-2827-252208/252077
Email: info@gangaforging.com
Website: www.gangaforging.com
Public issue of 23,82,000 equity shares of face value of Rs.10/- each (equity shares) of Ganga Forging Limited (the company or the issuer) for cash at a price of Rs. 21 per equity share, including a share premium of Rs. 11 per equity share (the issue price), aggregating Rs. 5 Crores (the issue), of which 1.26.000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 21 per equity share, aggregating Rs. 0.26 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion I.E. issue of 22.56.000 equity shares of face value of Rs.10 each for cash at a price of Rs. 21 per equity share, aggregating Rs. 4.74 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 29.97% and 28.39% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs.10 each and the issue price of Rs. 21 is 2.1 times of the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
29-Jun-2018 03-Jul-2018 ₹ 21.00 ₹ 0.00
Minimum Application for shares in Nos : 6000 Further Multiples of : 6000
(₹)Cr. Lead Managers to the Issue
Project Cost 5.00 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 5.00
Post Issue Equity Share Capital 7.95
Issue Price ₹21.00
Projects
To Finance setting up of Closed Die Forging Manufacturing Facility
General Corporate Purposes
Promoted By
Hiralal Tilva
Rakesh Patel
Listing At
NSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd

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