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Forge Auto International IPO Date, Review, Price, Allotment Details
Forge Auto International IPO is opening for subscription on September 26, 2024, and closing on September 30, 2024. This NSE SME IPO aims to raise ₹31.10 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Forge Auto International IPO is fixed at ₹102 – ₹108 Per Share, with a market lot of 1200 share. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Forge Auto International IPO Allotment will done on October 1, 2024, and Forge Auto International IPO listing date is October 4, 2024.
Forge Auto International Company Profile
Forge Auto International Limited is a leading company based in Ludhiana, Punjab, specializing in the manufacturing of forged and precision-machined components. It caters to a wide range of industries, including automobiles, agriculture, railways, and non-automotive sectors such as hydraulic systems and striking tools. Established with a strong commitment to quality and customer satisfaction, the company provides essential safety-critical components that meet precise customer specifications.
Products and Services
Forge Auto International produces a variety of complex components, including:
- Large and small rings
- Gear blanks with broach
- Stub axle assembly
- Flange yoke
- Ball studs
The company serves industries like tractors, railways, automobiles, and commercial vehicles. Additionally, Forge Auto caters to non-auto sectors, including agriculture, hydraulic parts, and striking tools.
Business Strategy and Focus
Forge Auto International is known for its emphasis on high-value products and its ability to produce customized components according to client needs. The company’s strategy revolves around:
- Enhancing product quality and innovation – They are continuously working on improving product designs and manufacturing processes.
- Expanding customer base – By improving their product offerings, Forge Auto has expanded its presence both geographically and across various industries.
- Focus on precision engineering – The company specializes in components with higher machining intensity, which not only improves quality but also enhances profitability.
Forge Auto International IPO GMP
| Company Name | Type Status | IPO Price | GMP(₹ %) | IPO Size (Crore) | IPO Open Date | IPO Close Date |
|---|---|---|---|---|---|---|
| Spinaroo Commercial | SME IPO Closed | 51 | 0 (0%) | ₹10.17 Cr | 28-Mar | 3-Apr |
| Infonative Solutions | SME IPO Closed | 79 | 0 (0%) | ₹24.71 Cr | 28-Mar | 3-Apr |
| Aten Papers & Foam | SME IPO Closed | 0 (0.0%) | ₹31.68 Cr | 28-Mar | 2-Apr | |
| Retaggio Industries | SME IPO Closed | 25 | 0 (0%) | ₹15.50 Cr | 27-Mar | 2-Apr |
| Identixweb | SME IPO Closed | 54 | 0 (0%) | ₹16.63 Cr | 26-Mar | 28-Mar |
| Shri Ahimsa Naturals | SME IPO Closed | 118 | 12 (10.17%) | ₹73.81 Cr | 25-Mar | 27-Mar |
| ATC Energies | SME IPO Closed | 119 | 21 (17.65%) | ₹63.76 Cr | 25-Mar | 27-Mar |
| Desco Infratech | SME IPO Closed | 150 | 18 (12%) | ₹30.75 Cr | 24-Mar | 26-Mar |
| Active Infrastructures | SME IPO Closed | 181 | 0 (0%) | ₹77.83 Cr | 21-Mar | 25-Mar |
| Rapid Fleet | SME IPO Closed | 192 | 0 (0%) | ₹43.87 Cr | 21-Mar | 25-Mar |
| Grand Continent Hotels | Main IPO Closed | 133 | 0 (0%) | ₹74.46 Cr | 20-Mar | 24-Mar |
| Divine Hira Jewellers | SME IPO Listed @90.00 (0%) | 90 | 15 (16.67%) | ₹31.84 Cr | 17-Mar | 19-Mar |
| Paradeep Parivahan | SME IPO Listed @78.40 (-20%) | 98 | 0 (0%) | ₹44.86 Cr | 17-Mar | 19-Mar |
| Super Iron Foundry | SME IPO Listed @107.95 (-0.05%) | 108 | 15 (13.89%) | ₹68.05 Cr | 11-Mar | 13-Mar |
| PDP Shipping & Projects | SME IPO Listed @108.25 (-19.81%) | 135 | 0 (0%) | ₹12.65 Cr | 10-Mar | 12-Mar |
| NAPS Global India | SME IPO Listed @108.00 (20%) | 90 | 0 (0%) | ₹50.11 Cr | 4-Mar | 6-Mar |
| Balaji Phosphates | SME IPO Listed @75.00 (7.14%) | 70 | 0 (0%) | ₹50.11 Cr | 28-Feb | 4-Mar |
| Shreenath Paper | SME IPO Listed @35.20 (-20%) | 44 | 3 (6.82%) | ₹23.36 Cr | 25-Feb | 28-Feb |
| Nukleus Office Solutions | SME IPO Listed @187.20 (-20%) | 234 | 0 (0%) | ₹31.70 Cr | 24-Feb | 27-Feb |
| Beezaasan Explotech | SME IPO Listed @146.00 (-16.57%) | 175 | 1 (0.57%) | ₹59.93 Cr | 21-Feb | 25-Feb |
| Swasth Foodtech | SME IPO Listed @94.00 (0%) | 94 | 0 (0%) | ₹14.92 Cr | 20-Feb | 24-Feb |
| HP Telecom India | SME IPO Listed @115.05 (6.53%) | 108 | 0 (0%) | ₹34.23 Cr | 20-Feb | 24-Feb |
| Royalarc Electrodes | SME IPO Listed @ 120.00 (0%) | 120 | 0 (0%) | ₹36.00 Cr | 14-Feb | 18-Feb |
| Tejas Cargo | SME IPO Listed @ 175.00 (4.17%) | 168 | 0 (0%) | ₹105.84 Cr | 14-Feb | 18-Feb |
| Quality Power | Main IPO Listed @ 430.00 (1.18%) | 425 | 5 (1.18%) | ₹858.70 Cr | 14-Feb | 18-Feb |
| L.K. Mehta Polymers | SME IPO Listed @ 71.10 (0.14%) | 71 | 5 (7.04%) | ₹7.38 Cr | 13-Feb | 17-Feb |
| Shanmuga Hospital | SME IPO Listed @ 54.00 (0%) | 54 | 3 (5.56%) | ₹20.62 Cr | 13-Feb | 17-Feb |
| Maxvolt Energy | SME IPO Listed @ 180.00 (0%) | 180 | 0 (0%) | ₹54.00 Cr | 12-Feb | 14-Feb |
| Voler Car | SME IPO Listed @ 90.00 (0%) | 90 | 5 (5.56%) | ₹27.00 Cr | 12-Feb | 14-Feb |
| Hexaware Technologies | Main IPO Listed @ 745.50 (5.3%) | 708 | 0 (0%) | ₹8750.00 Cr | 12-Feb | 14-Feb |
| PS Raj Steels | SME IPO Listed @ 145.00 (3.57%) | 140 | 3 (2.14%) | ₹28.28 Cr | 12-Feb | 14-Feb |
| Chandan Healthcare | SME IPO Listed @ 165.10 (3.84%) | 159 | 0 (0%) | ₹107.36 Cr | 10-Feb | 12-Feb |
| Ajax Engineering | Main IPO Listed @ 576.00 (-8.43%) | 629 | -3 (-0.48%) | ₹1269.35 Cr | 10-Feb | 12-Feb |
| Eleganz Interiors | SME IPO Listed @ 122.00 (-6.15%) | 130 | 5 (3.85%) | ₹78.07 Cr | 7-Feb | 11-Feb |
| Solarium Green | SME IPO Listed @ 202.00 (5.76%) | 191 | 5 (2.62%) | ₹105.04 Cr | 6-Feb | 10-Feb |
| Readymix Construction | SME IPO Listed @ 123.00 (0%) | 123 | 0 (0%) | ₹37.66 Cr | 6-Feb | 10-Feb |
| Amwill Healthcare | SME IPO Listed @ 88.85 (-19.95%) | 111 | 0 (0%) | ₹59.98 Cr | 5-Feb | 7-Feb |
| Ken Enterprises | SME IPO Listed @ 85.00 (-9.57%) | 94 | 5 (5.32%) | ₹83.65 Cr | 5-Feb | 7-Feb |
Forge Auto International IPO Objectives
The funds raised through the IPO will be utilized for:
- Meeting Working Capital Requirements
- Repayment of Borrowings
- General Corporate Purposes
Forge Auto International IPO Key Details
- Forge Auto International IPO Open Date: September 26, 2024
- Forge Auto International IPO Close Date: September 30, 2024
- Forge Auto International IPO Size: Approximately ₹31.10 Crores, Equity Shares
- Face Value: ₹10 Per Equity Share
- Forge Auto International IPO Price Band: ₹102 – ₹108 Per Equity Share
- Forge Auto International IPO Listing on: NSE SME IPO
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Forge Auto International IPO Timeline
- Forge Auto International IPO Open Date: September 26, 2024
- Forge Auto International IPO Close Date: September 30, 2024
- Basis of Allotment: October 1, 2024
- Refunds: October 3, 2024
- Credit to Demat Account: October 3, 2024
- Forge Auto International IPO Listing Date: October 4, 2024
How to Apply for Forge Auto International IPO
Investors can apply for the Forge Auto International IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Forge Auto International Financial Performance (in Crores)
- Year 2021: Revenue: ₹109.75 Cr, Expense: ₹107.52 Cr, Profit After Tax: ₹1.61 Cr, Assets: ₹53.07 Cr
- Year 2022: Revenue: ₹134.00 Cr, Expense: ₹130.26 Cr, Profit After Tax: ₹2.64 Cr, Assets: ₹56.78 Cr
- Year 2023: Revenue: ₹177.64 Cr, Expense: ₹170.71 Cr, Profit After Tax: ₹4.96 Cr, Assets: ₹82.74 Cr
- Dec 2023: Revenue: ₹135.41 Cr, Expense: ₹130.04 Cr, Profit After Tax: ₹3.62 Cr, Assets: ₹91.27 Cr
Forge Auto International Valuation FY2024
- Return on Equity (ROE): 32.78%
- Return on Capital Employed (ROCE): 24.82%
- EBITDA Margin: 7.01%
- PAT Margin: 2.79%
- Earnings Per Share (EPS): ₹12.41
- Debt-to-Equity Ratio: 1.92
- Net Asset Value (NAV): ₹41.51
Forge Auto International Peer Group
- Balu Forge Industries Ltd: EPS: 9.80, PE Ratio: 33.71, RoNW: 16.94%, NAV: 53.90, Income: ₹559.86 Cr
- MM Forging Limited: EPS: 55.84, PE Ratio: 21.65, RoNW: 16.92%, NAV: 326.87, Income: ₹1,547.12 Cr
- Happy Forging Limited: EPS: 26.78, PE Ratio: 45.47, RoNW: 15.07%, NAV: 171.17, Income: ₹1,358.24 Cr
- Samrat Forgings Ltd: EPS: 5.95, PE Ratio: 53.80, RoNW: 9.42%, NAV: 63.15, Income: ₹162.03 Cr
Forge Auto International Company Promoters
N/A
Forge Auto International IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Forge Auto International IPO Allotment Status Check
- Check the Forge Auto International IPO allotment status on the Bigshare Services website.
Forge Auto International IPO Allotment Link
- Check the Forge Auto International IPO allotment on the Check Ipo Allotment website.
Forge Auto International IPO Lead Managers (Merchant Bankers)
- Hem Securities Limited
Forge Auto International Company Address
Village Mangarh,
KoharaMachhiwara Road,
Ludhiana,Punjab-141 001 India
Website: http://www.failtd.com/
Phone: +91- 8999999195
Email: sm@aint.in
Forge Auto International IPO FAQs
What is Forge Auto International IPO?
Forge Auto International IPO is an NSE SME IPO. They are going to raise ₹31.10 Crores via IPO. The issue is priced at ₹102 – ₹108 Per equity share. The IPO is to be listed on NSE.
When will the Forge Auto International IPO open?
The IPO is to open on September 26, 2024, for NII, and Retail Investors.
What is Forge Auto International IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Forge Auto International IPO?
You can apply for Shelter Finance 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.
How to Apply Gala Precision Engineering IPO through M-Stock?
For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.
How to Apply the Forge Auto International IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Forge Auto International IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Forge Auto International IPO Size?
Forge Auto International IPO size is ₹31.10 Crores.
What is Forge Auto International IPO Price Band?
Forge Auto International IPO Price Band is ₹102 – ₹108 Per equity share.
What is Forge Auto International IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 share with ₹140,000.
What is Forge Auto International IPO Allotment Date?
Forge Auto International IPO allotment date is October 1, 2024.
What is Forge Auto International IPO Listing Date?
Forge Auto International IPO listing date is October 4, 2024. The IPO to list on NSE SME IPO.
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