Forge Auto International IPO
Open SmeCurrent GMP
₹15 (+13.89%)
Price Band
₹ 102 – 108
Lot Size
1200
Issue Size
₹31.1 Cr
Minimum Investment
₹259200 (2400 Shares)
Listing Date
04 October 2024
Subscription
49.35x
About the Company
Forge Auto International is an engineering firm that focuses on the creation and production of intricate, safety-critical, precision-machined components, which include large and small rings, big ball studs, gear blanks with broach, stub axle assemblies, and flange yokes (325 HS). The company caters to a range of industries, such as the automotive sector (which includes automobiles, tractors, and railways) and non-automotive sectors like agriculture, hydraulics, and the manufacturing of striking tools.
The primary customers of the company are domestic and international original equipment manufacturers (OEMs) that operate in both the automotive and non-automotive industries.
From Fiscal 2021 to Fiscal 2023, Forge Auto International experienced a significant increase in revenue from the sale of forged and machined products, rising from INR 109.52 crore to INR 176.65 crore, resulting in a compound annual growth rate (CAGR) of 27%. This growth can be attributed to the company's heightened emphasis on these products. The company's manufacturing facility is situated in Ludhiana, Punjab. As of June 2024, Forge Auto International has developed a forging capacity of 20,000 MTs and a machining capacity of approximately 25 lakh units. In addition to its domestic sales, the company exports its products to numerous countries, including France, Germany, Poland, Brazil, Austria, Turkey, and the United States of America. As of 31 March 2024, the company has a workforce of 366 permanent employees.
Promoters
The promoters of the company are
- Parmod Gupta
- Rajan Mittal.
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.63%
Objects of the Issue
Company intend to utilize the proceeds of the Issue to meet the following objects:-
1. To meet Working Capital requirements
2. Repayment of certain borrowing availed by our Company, in part or full
3. General Corporate Purpose
Address / Contact Info
Forge Auto International Limited
Village Mangarh,
KoharaMachhiwara Road
Ludhiana,-, 141001
Phone: +91- 8999999195
Email: sm@aint.in
Website: http://www.failtd.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 26 September 2024
IPO Close Date
Monday, 30 September 2024
Basis of Allotment
Tuesday, 01 October 2024
Initiation of Refunds
Thursday, 03 October 2024
Credit of Shares to Demat
Thursday, 03 October 2024
Listing Date
Friday, 04 October 2024 — NSE & BSE
Important Dates
Open Date
26 September 2024
Close Date
30 September 2024
Basis Of Allotment
01 October 2024
Listing Date
04 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 10148.67 | 8274.29 | 5677.93 |
| Revenue | 18157.3 | 17764.43 | 13400.28 |
| Profit After Tax | 668.88 | 496.29 | 264.34 |
| Net Worth | 2080.88 | 1660.35 | 1367.73 |
| Reserve & Surplus | 1276.88 | 0 | 0 |
| Total Borrowings | 4046 | 3182.69 | 2620.16 |
EPS Pre
6.17%
EPS Post
4.42%
P/E Pre
17.50
P/E (Post Issue)
24.42x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024 |
|---|---|
| ROE % | 35.76 |
| ROCE % | 17.6 |
| Debt / Equity | 1.94 |
| RoNW % | 32.14 |
| PbW | 0 |
| Pat Margin % | 3.71 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 818400 | 28.42 | 0 |
| Market Maker | 146400 | 5.08 | 0 |
| Qualified Institutions | 547200 | 19 | 0 |
| Non-Institutional | 410400 | 14.25 | 0 |
| Retail Investors | 957600 | 33.25 | 0 |
| Total | 2880000 | 100 | 0 |
Subscription Status ( Mon, 30 Sep 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 547200 | 11013600 | 20.13x |
| Non-Institutional | 410400 | 24176400 | 58.91x |
| Retail Investors | 957600 | 59328000 | 61.95x |
| Total | 1915200 | 94518000 | 49.35x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 129,600.00 |
| Retail (Max) | 1 | 1,200 | 129,600.00 |
| S-HNI (Min) | 2 | 2,400 | 259,200.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Forge Auto International IPO is a Book-building IPO worth ₹31.1 crores. The price band is ₹102 to 108 per share. The IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Forge Auto International IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
Forge Auto International IPO Price Band is ₹102 to 108.
Forge Auto International IPO lot size is 1200, and the minimum amount required for application is ₹259200.
The minimum investment for Forge Auto International IPO is approximately ₹259200 based on the upper price band.
To apply for the Forge Auto International IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 30, 2024. After submission, funds are blocked until the basis of allotment of Forge Auto International IPO is finalised.
Forge Auto International IPO issue size is ₹31.1 crores.
Forge Auto International IPO allotment date is Sat, Jun 27, 2026.
The registrar for Forge Auto International IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Forge Auto International IPO through their official website or helpline.
The Forge Auto International IPO GMP (Grey Market Premium) is ₹15 as of Fri, Oct 4, 2024. Based on the upper price band of ₹108 per share, the estimated Forge Auto International IPO listing price is ₹123, indicating a potential listing gain of approximately 31% over the issue price.