Forge Auto International IPO Allotment: Ipo Gmp Stand at 123 (13.89%)

The subscription period for the Forge Auto International IPO Allotment concluded on October 1, 2024. The public offering was open from September 26 to September 30, 2024. The listing date for Forge Auto International’s shares is set for Friday, October 4, 2024, on the NSE SME platform.

Registrar and Market Maker

Bigshare Services Pvt Ltd is the registrar for the Forge Auto International IPO, while Hem Securities Limited acts as the book runner. Hem Finlease serves as the market maker for this IPO.

How to Check Allotment Status Online

Investors can check their IPO allotment status online through the Bigshare Services website or the NSE website. Here’s a step-by-step guide:

1. 1. Visit the Ipo Gmp Website
   2. Select one of the three servers on the Bigshare website to check the allotment status.
   3. Click on “Select Company” and choose “Forge Auto International Ltd” from the dropdown menu.
   4. Enter your application number, Demat account number, or PAN number, depending on your choice.
   5. Input the required details and press the search button. Remember to enter the captcha code before submitting.

Checking Status on NSE Website

Investors can also check the Forge Auto International IPO allocation status on the NSE website by providing the necessary information.

Forge Auto International IPO: GMP (Gray Market Premium)

After the subscription period, the Gray Market Premium (GMP) for the Forge Auto International IPO is ₹15, reflecting a lower value during the application period. The GMP was recorded at ₹36 on day 2 of the IPO and ₹30 on the first day, as per data from Investorgain.com. This suggests that shares of Forge Auto International are trading in the gray market at ₹15 above the issue price.

Currently, the GMP indicates that investors anticipate Forge Auto International’s share price to reach ₹123, representing a 13.89% premium over the upper limit of the issue price.