Upcoming IPO Ganga Forging (GFL) IPO and GFL IPO Allotment Status


Upcoming IPO Ganga Forging (GFL) IPO and GFL IPO Allotment Status

In the list of upcoming IPO Ganga Forging Limited is planning to launch IPO (Initial Public offering). The upcoming IPO is an SME IPO. The tentative size of the upcoming IPO i.e Ganga Forging (GFL) IPO is Rs 5 crore. Ganga Forging (GFL) IPO is of Fixed Price Issue IPO. The issue will open on 29 June, 2018.

  • Ganga Forging (GFL) IPO might open on 29 June & close on 3 July, 2018.
  • Ganga Forging (GFL) IPO is of Fixed Price Issue SME IPO.
  • Ganga Forging (GFL) IPO is of Rs 5 Crore.
  • Issue Price might be Rs 21 Per equity Share
  • Ganga Forging Limited manufactures forging parts in India.

Upcoming IPO Ganga Forging (GFL) IPO and GFL IPO Allotment Status:

  1. Company Profile:

  • The Company was incorporated as Private limited Company on 29 December, 1988 under the Provisions of Companies Act,1956. At the time of incorporation the name of the company was” “Ganga Forgoing Private Limited” .
  • It is a Ahmedabad based Company.
  • Later on the company was converted into Public limited Company on 5 Oct, 2017. As a result the name of the company was also changed to “Ganga Forging Limited”.
  • Ganga Forging Limited manufactures forging parts in India.
  • Ganga Forging Limited products include crankshafts, connecting rods, yokes, gears, spiders/crosses, flanges, shafts, socket clevis fasteners, and anchor shackles.
  • Ganga Forging Limited serves automotive, locomotive, agriculture, transmission, and other industries.
  • 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.
  • Ganga Forging Limited is having 68 permanent employees on its payroll.
  1. Objective of the Ganga Forging (GFL) IPO:

There are two objective of the Ganga Forging (GFL) IPO. They are listed below.

  • To finance setting up of Closed Die Forging manufacturing facility; and
  • General corporate purposes.
  1. Issue Details of Ganga Forging (GFL) IPO:

  • Issue Open: Jun 29, 2018
  • Issue Close: Jul 3, 2018
  • Issue Type: Fixed Price Issue IPO
  • Issue Size:2,382,000 Equity Shares of Rs 10 aggregating up to Rs 5.00 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 21 Per Equity Share
  • Market Lot: 6000 Shares
  • Minimum Order Quantity: 6000 Shares
  • Listing At: NSE SME
  1. Utilization of Fund:

Sr.No. Particulars Estimated Amount(Rs in lakh)
1. To finance setting up of Closed Die Forging manufacturing facility 460.12
2. General corporate purposes(1) *
Total Net Proceeds *
  1. Financial Summary of Ganga Forging Limited:

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
  1. Ganga Forging (GFL) IPO Prospectus:


  1. Promoters of Ganga Forging Limited:

  • Hiralal Mahidas Tilva
  • Rakesh Chaganlal Patel
  1. Strength of Ganga Forging Limited:

  • Diversified Product portfolio
  • Experienced Management & Promoters
  • Healthy financial condition
  1. Business Strategy:

  • Improve and increase operational efficiencies
  • Create a global presence
  • Conversion to automotive production line
  • Direct supply to OEM
  1. Corporate Identification Number (CIN):


  1. Registered Address of the Company:

Plot No 1 SNO 298 & 30 Rajkot Gondal N H,

Veraval (Shapar)Rajkot, Gujarat360 024, India

  1. Official Website of Ganga Forging Limited:



To check the IPO Allotment status of Ganga Forging (GFL) IPO click @ IPO Allotment Status

  1. Registrar to the Issue:


L.B.S. Marg, Vikhroli (West), Mumbai- 400 083,

Maharashtra India Tel: 022-49186200 Fax: 022-49186195

 Email: gangaforging.ipo@linkintime.co.in

Website: www.linkintime.co.in

 Investor Grievance Id: latteys.ipo@linkintime.co.in

Contact Person: Shanti Gopalkrishnan

SEBI Registration Number: INR000004058

  1. Lead manger to the Ganga Forging (GFL) IPO:


 Keshava Premises, Behind Family Court, Bandra Kurla Complex,

 Bandra (East), Mumbai – 400051, Maharashtra, India

Tel: +91-22 61946700 Fax: +91-22 2659 8690


 Email: ipo@pantomathgroup.com

Investor Grievance Id: ipo@pantomathgroup.com

Contact Person: Hardik Bhuta/Unmesh Zagade

SEBI Registration No:INM000012110

Visit Sharpcareerfinancialupates to get latest updates on Upcoming IPO 2018.


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