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:

1. Enhancing product quality and innovation – They are continuously working on improving product designs and manufacturing processes.
2. Expanding customer base – By improving their product offerings, Forge Auto has expanded its presence both geographically and across various industries.
3. 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

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Forge Auto International IPO Objectives

The funds raised through the IPO will be utilized for:

1. Meeting Working Capital Requirements
2. Repayment of Borrowings
3. 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)

 

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 Serviceswebsite.

 

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.