Ganga Forging Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

29 Jun 2018

Close Date

03 Jul 2018

Allotment

06 Jul 2018

Listing Date

11 Jul 2018

Exchange

BSE SME

Price Band

₹21

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹21

Per share

Face Value

₹10 per share

Lot Size

6,000 Shares

per lot

Issue Size

23,82,000 shares (aggregating up to ₹5.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

55,65,331 shares

Promoters

Post-IPO Holding

79,47,331 shares

Promoters

UPI Deadline

2018-07-03

Mandate

Anchor AllotmentThu, 28 Jun 2018

Basis of AllotmentFri, 06 Jul 2018

Refund InitiationMon, 09 Jul 2018

Demat CreditTue, 10 Jul 2018

Listing DayWed, 11 Jul 2018

UPI Mandate Deadline2018-07-03

Sale TypeFresh Capital

Net Offer to Public22,56,000 shares (aggregating up to ₹4.74 Cr)

Market Maker Quota1,26,000 shares (aggregating up to ₹0.2646 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Ganga Forging Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Jul 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	126,000	—	₹0.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,382,000	100%	₹5.00

IPO Shares Offered

Ganga Forging Ltd. IPO total issue size: ₹5.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	126,000	₹0.26	5.29%
Total	2,382,000	₹5.00	100.00%

* Based on upper price band ₹21 per share

Lot Size & Investment

Lot Size

6,000

Shares per Lot

Issue Price

₹21.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	12,000	₹252,000
Retail (Max — 13 Lots)	13	78,000	₹1,638,000
S-HNI (Min — 14 Lots)	14	84,000	₹1,764,000
B-HNI (Min — 68 Lots)	68	408,000	₹8,568,000

* Issue Price ₹21 × Lot Size 6,000 shares

IPO Schedule

Anchor

28 Jun 2018

✓ Done

IPO Open

29 Jun 2018

✓ Done

IPO Close

03 Jul 2018

✓ Done

Allotment

06 Jul 2018

✓ Done

Refunds

09 Jul 2018

✓ Done

Demat Credit

10 Jul 2018

✓ Done

Listing Day

11 Jul 2018

✓ Done

₹21.00

INR · BSE

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Issue ₹21.00 Live Price

About Ganga Forging Ltd.

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.

Objects of the Issue

1 To finance setting up of Closed Die Forging manufacturing facility

2 General corporate purposes

Ganga Forging Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹1,557.2

31-Mar-15

₹1,769.5

31-Mar-16

₹1,779.2

31-Mar-17

Profit After Tax (PAT)

₹46.6

31-Mar-15

₹25.3

31-Mar-16

₹48.5

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	1779.17	1769.45	1557.19
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	48.49	25.26	46.58
Net Worth	N/A	N/A	N/A
Total Assets	1514.46	1345.33	1202.73
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered23,82,000 (100.00%)

Net Offer to Public22,56,000 shares (aggregating up to ₹4.74 Cr)

Reserved for Market Maker1,26,000 shares (aggregating up to ₹0.2646 Cr)

Pre-Issue Promoter Holding55,65,331 shares

Post-Issue Promoter Holding79,47,331 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

gangaforging.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Pantomath Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Ganga Forging Ltd. IPO subscribed? ▲

Ganga Forging Ltd. IPO is subscribed 1.00 times by Jul 03, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Ganga Forging Ltd. IPO retail subscription status? ▼

The Ganga Forging Ltd. IPO retail category is subscribed 1.00 times as of 03 Jul 2018. The retail portion is oversubscribed.

How to subscribe Ganga Forging Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 29 Jun 2018 and closes 03 Jul 2018. Min investment: ₹126,000 (1 lot = 6,000 shares). UPI mandate: 2018-07-03.

How many times Ganga Forging Ltd. IPO subscribed? ▼

The Ganga Forging Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Ganga Forging Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Jul 2018. Refunds: on 09 Jul 2018.

When Ganga Forging Ltd. IPO will be listed? ▼

The Ganga Forging Ltd. IPO listing date is 11 Jul 2018, Wednesday. Listed on: BSE SME. Issue price: ₹21. Estimated listing: ₹21. GMP: NIL.

When Ganga Forging Ltd. IPO close? ▼

The Ganga Forging Ltd. IPO closes on 03 Jul 2018, Tuesday. UPI mandate: 2018-07-03. Allotment: 06 Jul 2018. Listing: 11 Jul 2018.

Quick Actions

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Live Price LIVE

Last Price₹21.00

Change—

Issue Price₹21.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹21

Face Value₹10

Lot Size6,000 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹21

Subscribed1.00x

Open Date29 Jun 2018

Close Date03 Jul 2018

Allotment06 Jul 2018

Listing Date11 Jul 2018

ExchangeBSE SME

UPI Deadline2018-07-03