Ganga Forging Limited IPO
(i) Ganga Forging Limited is started in the year 1989 by qualified technocrats and manufactures forging and machined components as per customer’s specifications for industrial use. The Forging is a manufacturing process involving the shaping of metal using localized compressive forces. The blows are delivered with a hammer (often a power hammer) or a die. Forging is often classified according to the temperature at which it is performed: cold forging (a type of cold working), warm forging, or hot forging (a type of hot working)
(ii) Ganga Forging Limited Is an ISO 9001:2008. The company is a full-fledged forging unit catering to the needs of not only OEM customer’s but also to the part manufacturing units by offering them word class products at very cost effective prices. The company also exports forged components in raw, semi-finished or finished stage depending upon requirements of its buyers. The company manufactures specialized components for the automotive industry, railways, construction equipment, agricultural machinery and equipment, earth moving and other industries.
(iii) The Company is equipped with an in-house testing laboratory for checking of the raw materials, working in process materials and finished products. The raw material purchased undergoes testing and quality check in the laboratory to ensure that they are of relevant quality and match the standards as specified. The finished products are checked again at laboratory to ensure that the same is of relevant standards and design as specified by the customer; the products are then packed and dispatched.
(iv) The Company sells products as a semi-finished product to the supplier who further grinds the product. The existing manufacturing facility 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. We endeavor to maintain safety in our premises by adhering to key safety norms.
Objects of the Ganga Forging Limited IPO:
Ganga Forging Limited IPOare: 1. To finance setting up of Closed Die Forging manufacturing facility 2. General corporate purposes.
Ganga Forging Limited IPO Details:
|Open Date:||Jun 29 2018|
|Close Date:||Jul 03 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||5.0022 Cr.|
|Lot Size:||6000 Shares|
|Issue Price:||₹ 21 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Jul 11 2018|
Promoters And Management:
Financials of Ganga Forging Limited IPO as per DRHP:
|Particulars||For the year/period ended (in Rs. Lacs)|
|Profit After Tax||38.71||48.49||25.26||46.58||60.74|
Recommendation on Ganga Forging Limited IPO:
Lead Manager of Ganga Forging Limited IPO:
Registrar of Ganga Forging Limited IPO:
Bid Details of Ganga Forging Limited IPO as on
03-Jul-2018 17:00:00 IST
|Category||No.of shares offered||No. of shares bid|