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 |
| Lead Manager | PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED |
| Registrar | LINK INTIME INDIA PRIVATE LTD |
| 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-
- To finance setting up of Closed Die Forging manufacturing facility; and
- 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/
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