Forge Auto International IPO Date, Review, Price, Allotment Details

Forge Auto International IPO Details

Forge Auto International IPO IPO Market Lot

The Forge Auto International IPO minimum market lot is 1200 shares with ₹129,600 application amount.

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.

Promoters of Forge Auto International IPO

The promoters of the company are Mr Parmod Gupta, and Mr Rajan Mittal.

About Forge Auto International IPO

The Forge Auto International Limited located in Village Mangarh, Kohara Machhiwara Road, Ludhiana, Punjab, India, 141001 and it’s about foreign and manufacturing of complex and safety critical ,forged and precision machined components like large and small rings, substantial ball stud, gear blank with broach, stub axle assembly flange yoke 325HS, catering to various industry sectors such as auto industry including automobiles, tractor, railways etc. Moreovers non-auto sectors like agriculture parts, hydraulic parts, striking tools etc..

The company’s main motto is about customer satisfaction ,therefore they manufacture precision machined components as per customer requirements from cautious industries such as tractor, agriculture parts, railways, automobiles, commercial vehicle industry, 5th wheel industry, striking tools, hydraulic parts and castor wheel parts and other related industries. The company’s revenue from sale of machined and forging products has increased from ₹109.52 Cr. in Fiscal 2021 to ₹176.65 Cr. in Fiscal 2023, at a CAGR of 27% which demonstrates our increased focus on our products. Their continued endeavor to increase value addition through focus on products with higher machining intensity, has enabled us to increase their realization and in Fiscal 2023, 2022 and 2021, our EBITDA margin was 7.01%, 6.28% and 5.56% respectively.

The excellent strategy and being committed to provide the required products and services to the customers they are keen to enhance their company’s present products and innovating customers-centric novel products and process technologies. Furthermore due to their commitment toward clients satisfaction and performance of their products they have enlarged their customer base both geographically and in different industry sectors.

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

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.

Peer Group Comparison

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/

Forge Auto International IPO FAQs