Forge Auto International IPO Details
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹102 to ₹108 Per Share |
| Issue Size: | Approx ₹31.10 Crores |
| Fresh Issue: | Approx ₹31.10 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Forge Auto International IPO IPO Market Lot
The Forge Auto International IPO minimum market lot is 1200 shares with ₹129,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹129,600 |
| Retail Maximum | 1 | 1,200 | ₹129,600 |
| HNI Minimum | 2 | 2,400 | ₹259,200 |
Forge Auto International IPO Dates
The Forge Auto International IPO date is September 26 and the close date is September 30. The Forge Auto International IPO allotment will be finalized on October 1 and the IPO listing on October 4.
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Basis of Allotment: | October 1, 2024 |
| Refunds: | October 3, 2024 |
| Credit to Demat Account: | October 3, 2024 |
| IPO Listing Date: | October 4, 2024 |
Promoters of Forge Auto International IPO
The promoters of the company are Mr Parmod Gupta, and Mr Rajan Mittal.
About Forge Auto International IPO
To be updated soon
Forge Auto International IPO Company Financial Report
The company reported revenue of ₹177.64 crores in 2023 against ₹134.00 crore in 2022. The company reported profit of ₹4.96 crores in 2023 against profit of ₹2.64 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹109.75 | ₹107.52 | ₹1.61 | ₹53.07 |
| 2022 | ₹134.00 | ₹130.26 | ₹2.64 | ₹56.78 |
| 2023 | ₹177.64 | ₹170.71 | ₹4.96 | ₹82.74 |
| Dec 2023 | ₹135.41 | ₹130.04 | ₹3.62 | ₹91.27 |
Forge Auto International IPO Valuation – FY2024
Check Forge Auto International IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 32.78% |
| ROCE: | 24.82% |
| EBITDA Margin: | 7.01% |
| PAT Margin: | 2.79% |
| Debt to equity ratio: | 1.92 |
| Earning Per Share (EPS): | ₹12.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.89% |
| Net Asset Value (NAV): | ₹41.51 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Balu Forge Industries Ltd | 9.80 | 33.71 | 16.94 | 53.90 | 559.86 Cr. |
| MM Forging Limited | 55.84 | 21.65 | 16.92 | 326.87 | 1,547.12 Cr. |
| Happy Forging Limited | 26.78 | 45.47 | 15.07 | 171.17 | 1,358.24 Cr. |
| Samrat Forgings Ltd | 5.95 | 53.80 | 9.42 | 63.15 | 162.03 Cr. |
Objects of the Issue
- To meet Working Capital requirements
- Repayment of specific borrowing availed by the Company
- General Corporate Purpose
Forge Auto International IPO Review
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Forge Auto International IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Forge Auto International IPO Limited
Village Mangarh,
KoharaMachhiwara Road
Ludhiana,-, 141001
Phone: +91- 8999999195
Email: [email protected]
Website: http://www.failtd.com/
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Note: The Forge Auto International IPO price band and date are officially announced. The (Forge Auto International IPO grey market premium) will be added to the IPO GMP page as it will start).
