IPO Details
Ganga Forging Ltd.
Plot No 1, SNO 298 & 30, Rajkot Gondal N H, Veraval (Shapar),Rajkot, Gujarat - 360024

Public Issue of 2382000 Equity Shares of Rs. 10.00 each for Cash at a Premium of Rs. 11.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
29/06/201803/07/201821.00 -
Lead Managers Registrar Listed at
PANTOMATH CAPITAL ADVISORS PVT. LTD.
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,, Vikhroli (West),
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
NSE
Object of the issue

THE OBJECTS OF THE ISSUE ARE:

1. To finance setting up of Closed Die Forging manufacturing facility

2. General corporate purposes

Project Cost
(₹ in Crs.)
ISSUE EXPENSES0.40
GENERAL CORPORATE EXPS.0.00
TO FINANCE SETTING UP OF CLOSED DIE FORGING MANUFA4.60
TOTAL COST5.00
Means of Finance
(₹ in Crs.)
PUBLIC ISSUES5.00
TOTAL COST5.00
Promoted by

The Promoters of the company are Mr. Hiralal Mahidas Tilva and Mr. Rakesh Chaganlal Patel.

1. Mr. Hiralal Mahidas Tilva : He is aged 69 years, is one of the Promoters of the company. He is an Indian national and has been associated with the company since incorporation. He holds a Bachelor’s degree in Science from Saurashtra University. Mr. Hiralal Mahidas Tilva is a first generation entrepreneur and has an experience of over 30 (Thirty) years in Forging Industry. He has been the driving force behind the promotion and development of the company and has contributed immensely towards the overall growth, innovation and success of the company. He is responsible for expansion of our business and finding new products.

PAN: AAOPT1819J

Passport No: N6234299

Voter ID:WQT3306578


2. Mr. Rakesh Chhaganlal Patel : aged 43 years, is one of our Promoters and Managing Director of the company. He has been associated with the company since 2004. He was appointed as a Director on March 10, 2016. He possesses 14 years of work experience in forging industry, marketing and purchase. He was appointed as the Managing Director of the company with effect from February 15, 2018 for a period of 5 years. He presently heads the marketing team of the company.

PAN: AKSPP988OH

Passport No: J4531537

Voter ID:GJ/04/018/279790