Ganga Forging Ltd Right Issue

₹32.96 Cr NSE 10 Jul 2026 – 20 Jul 2026

Closed Ratio: 3 : 2 NSE
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Issue Price
₹1.63
Face Value
₹1.00
Issue Size (Shares)
202,203,345
Issue Size (₹ Cr.)
₹32.96
📅 Right Issue Timetable
Last Date to Buy SharesWed, Jul 1, 2026
Record DateThu, Jul 2, 2026
Credit of Rights EntitlementsFri, Jul 3, 2026
Bid/Offer Opens OnFri, Jul 10, 2026
Issue Open DateFri, Jul 10, 2026
Renunciation Last DateWed, Jul 15, 2026
Bid/Offer Closes OnMon, Jul 20, 2026
Issue Close DateMon, Jul 20, 2026
Deemed Date of AllotmentTue, Jul 21, 2026
Credit DateWed, Jul 22, 2026
Listing DateWed, Jul 22, 2026
📋 Right Issue Details
Issue Size (Shares)202,203,345
Issue Size (Amount)₹32.96 Cr.
Issue Price₹1.63 per share
Face Value₹1.00 per share
Entitlement Ratio3 : 2
Listing AtNSE
Terms of Payment₹1.63 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2026-03-312025-03-312024-03-31
Income35.7943.453,730.54
EBITDA
Net Worth28.5032.1931.41
Reserves & Surplus15.0218.7118.00

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment of Loan Availed for the Solar Power Project₹6.00
2For Capital Expenditure towards the Solar Power Project₹3.38
3Repayment of Loan Availed for procuring machinery for Elastic Rail Clip and Forging Business₹1.70
4For Capital Expenditure towards the Forging Business₹2.28
5Repayment of Cash Credit Facility availed for the forging business₹7.00
6To Meet Working Capital Requirements for the Production of Elastic Rail Clip (“ECR”)₹7.37
7General Corporate Purposes₹4.88
Total₹32.61
🏢 About the Company
Incorporated in December 1988, Ganga Forging Limited is an Indian manufacturer of closed-die forged and machined steel components, catering to industries such as automotive, railways, construction equipment, agriculture, mining, oil & gas, and power transmission. The company manufactures a wide range of precision-engineered products including crankshafts, connecting rods, yokes, flanges, clamps, trunnions, spiders, and other customized forged components as per customer specifications.

With over three decades of industry experience, Ganga Forging operates an integrated manufacturing setup equipped with automated forging and machining lines, CAD/CAM die design facilities, heat treatment, quality testing laboratories, and advanced machining infrastructure. The company supplies products to both domestic and international customers, offering raw, semi-finished, and fully machined forged components while maintaining ISO 9001:2015 quality standards.

Led by experienced promoters and management, Ganga Forging focuses on engineering excellence, customer-centric manufacturing, timely delivery, and continuous product innovation to strengthen its position in the forging industry.
📞 Company Contact
CompanyGanga Forging Ltd
AddressSr. No. 55/1 P6/P1/P1
Near Shree Stamping at: Road Pipaliya Tal
Gondal
Rajkot, 360311
Phone8460000335
Emailcs@gangaforging.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailgangaforging.rights@in.mpms.mufg.com
WebsiteVisit ↗