Forge Auto International Limited IPO

NSE SME

Listed On: Jan 4, 2025 at ₹ 113.0

₹ 129600 /1200 Shares

Expected Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.

Forge Auto International IPO Details

26 Sep, 2024

Open Date

30 Sep, 2024

Close Date

01 Oct, 2024

Allotment Date

04 Jan, 2025

Listing Date

Issue Price

₹102-108 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

113.0

Listing Date

2025-01-04

Market Lot

1200 Shares (₹129,600/-)

Lead Manager

Hem Securities Limited

Issue Size

2,880,000 shares(aggregating up to ₹31.10 Cr)

Retail Portion

35%

Subscription

49.35 times

IPO Docs

DRHP

The IPO of Forge Auto International is priced at ₹102-108 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Forge Auto International IPO bid opening date is from Sep 26, 2024 and the bid closing date was Sep 30, 2024.
Forge Auto International IPO allotment result will be available on Oct 1, 2024. The tentative listing date for Forge Auto International is Jan 4, 2025.

The total issue size is 2,880,000 shares(aggregating up to ₹31.10 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	547,200 / 410,400	957,600	1,915,200
Day 1 - 26-09-24 06:00 PM	6.55 / 2.35 x	4.47 x	4.61 x
Day 2 - 27-09-24 06:00 PM	7.40 / 5.87 x	15.79 x	11.27 x
Day 3 - 30-09-24 06:00 PM	20.13 / 58.55 x	61.95 x	49.35 x

Total No. of Applications: 49,440 (Approx)

Forge Auto International Valuations

EPS Pre IPO

₹6.17/-

EPS Post IPO

₹4.42/-

P/E Pre IPO

17.5

P/E Post IPO

24.42

ROE

35.76%

ROCE

17.60%

Debt/Equity

1.94

RoNW

32.14%

PAT Margin

3.71

Price to Book Value

4.17

Forge Auto International Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	10,148.67	8,274.29	5,677.94
Revenue	18,157.3	17,764.43	13,400.28
Profit After Tax	668.88	496.29	264.34
Net Worth	2,020.88	1,660.35	1,367.73
Reserves & Surplus	1,276.88	N/A	N/A
Total Borrowing	4,046.00	3,183.2	2,620.16

About The Company

Incorporated in 2001, Forge Auto International Limited is an engineering company that forges and manufactures complex, safety-critical, forged, and precision-machined components for the auto industry (automobiles, tractors, railways) and non-auto sectors (agriculture parts, hydraulic parts, striking tools).

The company serves its customers, which include original equipment manufacturers from the domestic and international sectors engaged in the manufacturing of automotive as well as non-automotive products. The products used in a number of industries cater to a diversified customer base.

Revenue from sales of machined and forging products of the company has increased to Rs 17664.85 lakhs in Fiscal 2023 from Rs 10951.99 lakhs of Fiscal 2021. This registers a CAGR of 27% and indicates that the company has now begun to focus more upon its products.

The company produces short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies for commercial vehicles, railway bogies, tractors, agricultural equipment, and sledgehammers.

The company is certified with the following standards: ISO 9001:2015 quality management systems, ISO 14001:2015 environmental management systems, OHSAS 18001:2007 occupational health and safety management systems, IATF 16949:2016 for business with OEMs manufacturing components in the automotive industry, and ZED GOLD by the Government of India for sustainability with Zero Effect and Zero Defect.

As of March 31, 2024, there are 14 employees in house sales and marketing.

As of March 31, 2024, the total permanent employees were 366 in different departments.

Forge Auto International - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.63%

Company Promoter(s)

Parmod Gupta
Rajan Mittal

Forge Auto International IPO - Issue Objectives

To meet Working Capital requirements
Repayment of specific borrowing availed by the Company
General Corporate Purpose

Other Details

Company Contact Details

Forge Auto International

Village Mangarh, KoharaMachhiwara Road, Ludhiana,-, 141001

Phone: +91- 8999999195

Email: sm@aint.in

Website: http://www.failtd.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Forge Auto International IPO - FAQs

Ans. Forge Auto International Limited IPO is a SME IPO. The issue is priced at ₹102-108 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Sep 26, 2024, and closes on Sep 30, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Forge Auto International Limited IPO opens on Sep 26, 2024 and closes on Sep 30, 2024.

Ans. The size of Forge Auto International Limited IPO is 2,880,000 shares(aggregating up to ₹31.10 Cr).

Ans. The IPO price band is set between ₹102-108 per equity share.

Ans. To apply for Forge Auto International Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Forge Auto International Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Forge Auto International Limited IPO is Oct 1, 2024.

Ans. The Forge Auto International Limited IPO will be listed on Jan 4, 2025.

Ans. Follow the steps to check the allotment status for Forge Auto International Limited IPO here.