GG Engineering IPO


GG Engineering IPO

GG Engineering IPO

GG Engineering is an authorised OEA (Original Equipment Assembler) of Ashok Leyland & Perkins make engine. It manufactures DG Sets in the range of 10 to 2250 KVA. GG Engineering makes DG Sets with Ashok Leyland Engine ranging from 10 to 250 KVA and with Perkins Engine ranging from 300 to 2250 KVA. It also undertakes servicing and annual maintenance contract for DG sets of all makes. The company was established in 2006 to cater rising demand of quality sheet metal and heavy steel products. Over a period of ten years, it has equipped with all facilities to execute all types of manufacturing activities such as punching, forming, shearing, bending, fabrication, welding & assembly etc.

GG Engineering has a well-equipped manufacturing unit at Palej GIDC, Dist-Bharuch, Gujarat, with an area of 40000 Sq. Ft. and covered area of around 20,000 Sq. Ft.

Promoters of GG Engineering – Vinod H Beriwal and Kamal Beriwal

GG Engineering IPO details

Subscription Dates 30 June – 7 July 2017
IPO Price band INR20 per share
Fresh issue 1,116,000 shares (INR2.23 crore)
Offer for sale Nil
Total IPO size 1,116,000 shares (INR2.23 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

GG Engineering’s financial performance (in INR lakh)

FY2012 FY2013 FY2014 FY2015 FY2016 9M FY2017
Total revenue 585.9 5.4 212.9 206.8 520.2 598.6
Total expenses 481.1 4.6 180.7 164.1 478.1 575.2
Profit after tax  58.0 0.5 -1.2 1.4 13.5 1.6

GG Engineering Limited
Shop No 15, 1st Floor, Evershine Mall,
Chincholi, Malad (West)
Mumbai – 400 064

Phone: +91 22 4924 1267
Email: [email protected]

Day Subscription (no. of times)
Day 1  0.07
Day 2  0.15
Day 3  0.23
Day 4  0.29
Day 5  0.60
Day 6  2.13

Earnings Per Share (EPS): INR0.44

Price/Earnings (P/E) ratio: 45.45

Return on Net Worth (RONW): 4.23%

Net Asset Value (NAV): INR10.46 per share

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
+91 40 2343 1551 
 [email protected]

GG Engineering IPO allotment status will be available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

IPO Opening Date: 30 June 2017

IPO Closing Date: 7 July 2017

Listing Date: 17 July 2017

Listing Price on BSE SME: INR21 per share (up 5% from IPO price)

Closing Price on BSE SME: INR20.7 per share (up 3.5% from IPO price)



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