Forge Auto International Limited IPO

NSE SME

Listed On: Oct 4, 2024 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 Oct, 2024

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

2024-10-04

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

Forge Auto International IPO Subscription Details

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

RoNW

Forge Auto International Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	8,274.29	5,677.94	5,306.96
Revenue	17,764.43	13,400.28	10,975.23
Profit After Tax	496.29	264.34	160.55

About The Company

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, including domestic and global original equipment manufacturers (OEMs) engaged in manufacturing for both the automotive and non-automotive sectors. Its products are used across various industries by a diverse customer base.

The company's revenue from the sale of machined and forging products increased from ?10951.99 lakhs in Fiscal 2021 to Rs 17664.85 lakhs in Fiscal 2023, reflecting a 27% CAGR, demonstrating its heightened focus on its products.

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

As of March 31, 2024, the company has 366 permanent employees in various departments.

Forge Auto International - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

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

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 Oct 4, 2024.

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