Ganga Forging Limited IPO
Live Market Quote
Day 1 Exchange Open
Band: ₹21
Overall Bid Demand
Gross Public Offer
IPO Schedule & Key Dates
IPO Subscription Status
Breakdown of institutional, high-net-worth, and retail bidding demand
Listing Day & Return Performance
About Ganga Forging Limited IPO
Ganga Forging Limited is an Indian public offering categorized under the SME (Small and Medium Enterprise) segment. The public issue opened for bidding on 29 Jun 2018 and concluded on 03 Jul 2018, offering equity shares to institutional, non-institutional, and retail investors with an indicative price band of ₹21.
During the bidding window, Ganga Forging Limited recorded an overall subscription of 1.73 times. Institutional investors (QIB) subscribed —, non-institutional high-net-worth investors (NII) subscribed —, and retail individual investors (RII) bid — their reserved quota.
The equity shares of Ganga Forging Limited officially debuted on the stock exchanges on 06 Jul 2021 at an opening listing price of ₹10, delivering a listing day return of -89.25% (discount) over the final issue price. As per the latest market data, the stock trades at ₹1.40, representing an overall decline of -98.49% since its IPO allotment.