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Ganga Forging IPO is a Fixed Price IPO 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 open date is 29th June 2018 and close date is 3rd July 2018. IPO Allotment Date is 6th July 2018 and Listing date is 11th July 2018.
IPO
Size:
₹ 5.00 Cr.
Avg IPO Size (Sector Based)
: ₹
19.87 cr.
Sector: Automobile - Forging And Casting
SME
IPO so far:
8
Merchant Banker:
Pantomath Capital
SME
IPO by BRLM so far:
104
City:
Rajkot
SME
IPO so far:
28
Revenue (annualised):
₹
17.79
cr. 
PE
Ratio:
32.00x
Average Sector PE Ratio: 18.11x
Ganga Forging IPO size is ₹ 5.00 Cr. with IPO price of ₹ 21.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Pantomath Capital Advisors Private Limited is the book-running lead manager of the Ganga Forging IPO. Link Intime India Private Limited is the Registrar and Market Maker is Pantomath Stock Brokers Private Limited for Ganga Forging IPO.
Ganga Forging IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Ganga Forging IPO, based in Rajkot, operates in the Automobile - Forging And Casting sector with a focus on manufacturing of closed die forged products catering. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Ganga Forging IPO size is ₹ 5.00 Cr. with fresh issue size of ₹ 5.00 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Ganga Forging IPO is expected to be 6th July 2018, after the finalization of basis of allotment. Investors can check Ganga Forging IPO allotment status on the registrars website, Link Intime India Private Limited . Ganga Forging IPO refund dates are 9th July 2018.
Ganga Forging IPO is expected to be listed on 11th July 2018.
The upper price band for the Ganga Forging IPO is set at ₹ 21.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Ganga Forging IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Ganga Forging IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 3rd July 2018. After submission, funds are blocked until the basis of allotment of Ganga Forging IPO is finalised.
The merchant banker for Ganga Forging IPO is Pantomath Capital Advisors Private Limited . Pantomath Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Ganga Forging IPO RHP for further details.
The registrar for Ganga Forging IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Ganga Forging IPO through their official website or helpline.
Ganga Forging IPO was subscribed 1.78 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 5.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 19.87 Cr.
Sector: Automobile - Forging And Casting
SME
IPO so far:
8
Merchant Banker:
Pantomath Capital
SME
IPO by BRLM so far:
104
City:
Rajkot
SME
IPO so far:
28
Revenue (annualised):
₹ 24.21 cr.
PE
Ratio:
32.00x
Average Sector PE Ratio: 18.11x
Ganga Forging IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Ganga Forging Financial Review Page
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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