Upcoming SME IPO_Ganga Forging Limited IPO

Ganga Forging Limited IPO

Issue Analysis :

Issue opens June 29, 2018
Issue Closes July 3, 2018
Issue Price Rs 21
Lot Size 6000
Issue Size 5.00 Cr
Platform NSE

Company’s Snapshot :

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.

Object 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.


Financial Highlights :

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


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.

Contact Company 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/

For Beeline Assistance:  Contact Here