IPO Synopsis
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Ganga Forging Ltd
Registered Office:
Plot No 1 SNO 298 & 30,Rajkot Gondal N H Veraval(Shap,
Ahmedabad - 360024,
Gujarat, India.
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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
29-Jun-18
03-Jul-18
21.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 6000   Further Multiples of : 6000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
5.00
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer
5.00
 
Post Issue Equity Share Capital
7.95
 
Issue Price
21.00
 
Projects
To Finance setting up of Closed Die Forging Manufacturing Facility
General Corporate Purposes
Promoted By
Hiralal Tilva
Rakesh Patel
Listing At
NSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd
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