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

Forge Auto International IPO open date is September 26, 2024 and the IPO will close on September 30, 2024. Forge Auto International IPO is a Book Built Issue. The company to raise around ₹31.10 crores via IPO that comprises fresh issue of ₹31.10 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Forge Auto International IPO price band is ₹102 to ₹108 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Forge Auto International IPO to list on NSE on October 4, 2024. The allotment of Forge Auto International IPO date is October 1, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

Forge Auto International IPO

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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.

ApplicationLot SizeSharesAmount
Retail Minimum11,200₹129,600
Retail Maximum11,200₹129,600
HNI Minimum22,400₹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

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

Period EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Balu Forge Industries Ltd9.8033.7116.9453.90559.86 Cr.
MM Forging Limited55.8421.6516.92326.871,547.12 Cr.
Happy Forging Limited26.7845.4715.07171.171,358.24 Cr.
Samrat Forgings Ltd5.9553.809.4263.15162.03 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/

Forge Auto International IPO FAQs

What is Forge Auto International IPO?

Forge Auto International IPO is a SME IPO. The company is going to raise ₹31.10 Crores via IPO. The issue is priced at ₹102 to ₹108 per equity share. The IPO is to be listed on NSE.

When Forge Auto International IPO will open for subscription?

The IPO is to open on September 26, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 30, 2024.

What is Forge Auto International IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Forge Auto International IPO?

You can apply for Forge Auto International IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Forge Auto International IPO Issue Size?

Forge Auto International IPO issue size is ₹31.10 crores.

What is Forge Auto International IPO Price Band?

Forge Auto International IPO Price Band is ₹102 to ₹108.

What is Forge Auto International IPO Lot Size?

The minimum bid is 1200 Shares with ₹129,600 amount.

What is the Forge Auto International IPO Allotment Date?

Forge Auto International IPO allotment date is October 1, 2024.

What is the Forge Auto International IPO Listing Date?

Forge Auto International IPO listing date is October 4, 2024. The IPO is to list on NSE.

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).
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