Announced Tue, 21 Jul · 20:13 IST
Rights Issue Allotment Completed - 20.22 Crore Shares at Rs 1.63 Each
Fund Raising View source PDF
GANGAFORGE · price
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Price reaction · full curve 14 horizons · vs prior close
-9.3%1-day move
₹1.93
prior close
₹1.92
base price
After-mkt
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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.