Ganga Forging Ltd IPO

Closed

Subscription Details

  • Open Date 29 Jun
  • Close Date 03 Jul
  • Lot Size 6000
  • IPO Size ₹ 5 Cr
  • IPO Price Range ₹ 21
  • Min Investment ₹ 126000

Ganga Forging Ltd IPO Timeline

Open Date
29 Jun
Close Date
03 Jul
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 23,82,000 equity shares of face value of Rs.10/- each (equity shares) of Ganga Forging Limited (the company or the issuer) for cash at a price of Rs. 21 per equity share, including a share premium of Rs. 11 per equity share (the issue price), aggregating Rs. 5 Crores (the issue), of which 1.26.000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 21 per equity share, aggregating Rs. 0.26 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion I.E. issue of 22.56.000 equity shares of face value of Rs.10 each for cash at a price of Rs. 21 per equity share, aggregating Rs. 4.74 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 29.97% and 28.39% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs.10 each and the issue price of Rs. 21 is 2.1 times of the face value of the equity shares.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Ganga Forging Ltd IPO

Contact Information

Address

Plot No 1 SNO 298 & 30,
Rajkot Gondal N H Veraval(Shap,
Ahmedabad, Gujarat 360024

Ganga Forging Ltd IPO Lead Manager

Pantomath Capital Advisors Pvt Ltd
Open Demat Account