Forge Auto International IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 26 Sep 2024
Close Date
Mon, 30 Sep 2024
Price Band
₹ 102 – 108
Lot Size
1200
Issue Size
₹ 31.10 Cr
Minimum Investment
₹ 259,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Forge Auto International IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹31 Crore, comprising a fresh issue of 28.80 Lakh equity shares aggregating to ₹31.10 Crore.
The Forge Auto International IPO remained open for subscription from September 26, 2024, to September 30, 2024. The basis of allotment was finalized on October 01, 2024, and the company's shares were listed on NSE SME Platform on October 04, 2024.
The company had fixed the price band at ₹102 to ₹108 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹259,200 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Forge Auto International Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Forge Auto International IPO Timeline (Tentative)
- IPO Open Date
- Thu, 26 Sep 24
- IPO Close Date
- Mon, 30 Sep 24
- Basis of Allotment
- Tue, 01 Oct 24
- Initiation of Refunds
- Thu, 03 Oct 24
- Credit of Shares to Demat
- Thu, 03 Oct 24
- Listing Date
- Fri, 04 Oct 24 — NSE & BSE
Open Date
26 September 2024
Close Date
30 September 2024
Basis Of Allotment
01 October 2024
Listing Date
04 October 2024
IPO Subscription
Check Live Subscription →The Forge Auto International IPO has received bids for 9,45,18,000 shares against 19,15,200 shares offered, resulting in an overall subscription of 49.35x. the NII category is subscribed 58.91x, Retail Investors 61.95x, and QIBs 20.13x.
QIB
20.13x
NII
58.91x
RII
61.95x
Total
49.35x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,57,600 shares, representing 33.25% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,47,200 shares (19%), while Non-Institutional Investors (NIIs) receive 4,10,400 shares (14.25%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 818,400 | 28.42% |
| Market Maker | 146,400 | 5.08% |
| Qualified Institutions | 547,200 | 19% |
| Non-Institutional | 410,400 | 14.25% |
| Retail Investors | 957,600 | 33.25% |
| Total | 2,880,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Forge Auto International Limited KPI Information
| Particular | KPI as of March 31, 2024 |
|---|---|
| ROE % | 35.76 |
| ROCE % | 17.6 |
| Debt / Equity | 1.94 |
| RoNW % | 32.14 |
| Pat Margin % | 3.71 |
Peers Comparison
No Peer Comparision Available
About Forge Auto International Limited
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.
Forge Auto International IPO Promoters
The promoters of the company are
- Parmod Gupta
- Rajan Mittal.
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.63%
Forge Auto International IPO Objective
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
Forge Auto International Limited Address / Contact Details
Forge Auto International Limited
Village Mangarh,
KoharaMachhiwara Road
Ludhiana,-, 141001
Phone: +91- 8999999195
Email: sm@aint.in
Website: http://www.failtd.com
IPO Snapshot
Forge Auto International IPO Lot Size
The Forge Auto International IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,29,600 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,29,600.
| 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 |
Issue Reservation
- Anchor Investors — 28.42%
- Market Maker — 5.08%
- QIB — 19%
- NII — 14.25%
- RII — 33.25%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Forge Auto International IPO?
Forge Auto International IPO is a Book-building IPO with a total issue size of ₹31.1 crore. The Forge Auto International IPO price band is ₹102 to 108 per share. The Forge Auto International IPO subscription opens on Thu, Sep 26, 2024, and closes on Mon, Sep 30, 2024. The Forge Auto International IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Forge Auto International IPO.
When will the Forge Auto International IPO open for subscription?
The Forge Auto International IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
What is Forge Auto International IPO Price Band?
Forge Auto International IPO Price Band is ₹102 to 108 per share.
What is Forge Auto International IPO Lot Size?
Forge Auto International IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹259200 based on the upper price band
What is the minimum investment for Forge Auto International IPO?
The minimum investment for Forge Auto International IPO is ₹259200, based on one lot of 1200 shares at the upper price band of ₹108 per share.
How to apply for Forge Auto International IPO?
Investors can apply for the Forge Auto International IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 30, 2024. The application amount remains blocked until the Forge Auto International IPO allotment is finalized.
What is Forge Auto International IPO Issue Size?
Forge Auto International IPO issue size is ₹31.1 crores.
What is the Forge Auto International IPO Allotment Date?
Forge Auto International IPO allotment date is Tue, Oct 1, 2024.
Who is the Forge Auto International IPO Registrar?
The registrar for Forge Auto International IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Forge Auto International IPO allotment status, refund processing, and other IPO-related information.
What is the Forge Auto International IPO GMP?
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 13.89% over the issue price.
Who is the Forge Auto International IPO Lead Manager?
The book-running lead managers (BRLMs) for the Forge Auto International IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Forge Auto International IPO Red Herring Prospectus (RHP).