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Ganga Forging IPO is a Fixed Price listing on NSE EMERGE exchange, with an ipo size of ₹ 5.00 Cr. The company is based in Rajkot and caters to Automobile - Forging And Casting sector. Pantomath Capital Advisors is the merchant banker of Ganga Forging IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 9th May 2018.
Ganga Forging IPO posted revenues of ₹ 17.79 crores and PAT of ₹ 0.48 crores in FY18 on annualised basis.
Revenue:
₹ 24.21 Cr.
EBITDA Margin:
8.09
% 
Net Worth: ₹ 7.26 Cr.
Market Capitalisation:
[●]
P/E:
32.00 times
P/BV: [●]
EV/EBITDA: [●]
Financial results of Ganga Forging IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Dec-17 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 23.18 | 15.14 | 13.45 | 12.03 | |
| Net Worth | 7.26 | 3.93 | 3.44 | 3.19 | |
| Total Debt | 7.51 | 6.40 | 4.94 | 4.58 | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
18.16
24.21 |
17.78 | 17.56 | 15.54 | |
EBITDA
EBITDA on annualised basis |
1.47
1.96 |
1.66 | 1.32 | 1.42 | |
PAT
PAT on annualised basis |
0.39
0.52 |
0.48 | 0.25 | 0.47 | |
Ganga Forging IPO PAT Margin is 2.15 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Ganga Forging IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Dec-17 | FY17 | FY16 | FY15 |
|---|---|---|---|---|
| EBITDA Margin (%) | 8.09 | 9.34 | 7.52 | 9.14 |
| PAT Margin (%) | 2.15 | 2.70 | 1.42 | 3.02 |
| EPS (₹) | 1.04 | 1.39 | 0.72 | 1.33 |
| ROE (%) | 5.37 | 12.21 | 7.27 | 14.73 |
| ROCE (%) | [●] | [●] | [●] | [●] |
| ROA (%) | 1.68 | 3.17 | 1.86 | 3.91 |
| Debt to Equity | 1.03 | 1.63 | 1.44 | 1.44 |
The market Capitalisation of Ganga Forging IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The Ganga Forging IPO prospectus highlights an Return on Equity (ROE) of 5.37 % , Return on Assets (ROA) of 1.68 %, and an EBITDA Margin of 8.09 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Ganga Forging IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of Ganga Forging IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The Ganga Forging IPO has a Price-to-Earnings (PE) ratio of 32.00 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
Ganga Forging IPO reported revenue of ₹ 17.79 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Ganga Forging IPO provide insights into sales growth, market demand, and business scalability.
Ganga Forging recorded an EBITDA of ₹ 1.96 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
Ganga Forging Profit After Tax (PAT) is ₹ 0.52 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 24.21 Cr.
EBITDA Margin:
8.09
%
Net Worth: ₹ 7.26 Cr.
Market Capitalisation:
[●]
P/E:
32.00 times
P/BV: [●]
EV/EBITDA: [●]
Ganga Forging operates in Automobile - Forging And Casting and Manufacturing Of Closed Die Forged Products Catering. The Issue is listed on NSE EMERGE in Jul, 2018. Ganga Forging IPO size was 5.00 with Issue price of 21.00 .
Merchant Banker(s) of Ganga Forging IPO: Pantomath Capital Advisors Private Limited
Ganga Forging IPO subscription was 1.78 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Ganga Forging IPO listed at a listing price of 21.20 against the offer price of 21.00.
The current market price of Ganga Forging is 3.81.
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