Rights Issue Allotment Completed - 20.22 Crore Shares at Rs 1.63 Each

Fund Raising View source PDF Explain this filing

GANGAFORGE · price

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Price reactionminutes from the announcement price · days from the prior close

-4.1%Reaction day

₹1.93

prior close

₹1.92

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.2%-3.0% vs market

Castings & Forgings peers, median of 21sector-0.6%-3.5% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 3.5 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

-9.3-1.9-7.5+0.1-9.4

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UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 21Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ganga Forging has allotted 20.22 crore fully paid-up equity shares through its rights issue at Rs 1.63 per share (including Rs 0.63 premium), raising about Rs 32.96 crore. The issue was oversubscribed, with valid applications for 24.20 crore shares against the 20.22 crore on offer. Paid-up equity capital has risen from Rs 13.48 crore (13.48 crore shares) to Rs 33.70 crore (33.70 crore shares). The allotment was approved at the board meeting on July 21, 2026.

Likely market impact

Share count rose about 2.5 times to 33.70 crore shares, diluting existing stakes. About Rs 33 crore raised; end-use not stated in this filing.