Forge Auto International IPO Details
The Forge Auto International IPO is a book build issue with a total issue size of ₹31.1 cr, comprising of fresh issue of 2880000 equity shares. Forge Auto International IPO opened for subscription on Sep 26, 2024 and closed on Sep 30, 2024. Forge Auto International IPO is set price band at ₹102 to ₹108 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹259,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 01, 2024, and listed on the NSE on Oct 04, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Forge Auto International IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 102 – 108
- Lot Size
- 1200
- Issue Size
- ₹31.1 Cr
- Minimum Investment
- ₹259200 (2400 Shares)
- Listing Date
- 04 October 2024
Current GMP
₹15 (+13.89%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Hem Securities Limited
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 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.
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 per share.
Forge Auto International IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹259200 based on the upper price band
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.
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.
Forge Auto International IPO issue size is ₹31.1 crores.
Forge Auto International IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.