Forge Auto International IPO description – Forge Auto International is an engineering company specializing in forging and manufacturing complex, safety-critical, precision-machined components, including big rings, small rings, big ball studs, gear blanks with broach, stub axle assemblies, and flange yokes (325 HS). The company serves various sectors, including the auto industry (automobiles, tractors, railways) and non-auto sectors like agriculture, hydraulics, and striking tools. Its customer base consists mainly of domestic and global original equipment manufacturers (OEMs) supplying both the automotive and non-automotive industries.
The company’s revenue from the sale of machined and forged products increased from INR 109.52 crore in Fiscal 2021 to INR 176.65 crore in Fiscal 2023, achieving a CAGR of 27%. This growth reflects the company’s enhanced focus on these products. The company’s manufacturing facility is located in Ludhiana, Punjab. As of June 2024, Forge Auto International has established a forging capacity of 20,000 MTs and a machining capacity of approximately 25 lakh units. In addition to its domestic sales, the company exports products to countries such as France, Germany, Poland, Brazil, Austria, Turkey, and the United States of America.
As of 31 March 2024, the company had 366 permanent employees.
Promoters of Forge Auto International – Mr Parmod Gupta, and Mr Rajan Mittal
Table of Contents
Forge Auto International IPO Details
| Forge Auto International IPO Dates | 26 – 30 September 2024 |
| Forge Auto International Issue Price | INR 102 – 108 per share |
| Fresh issue | 28,80,000 shares (INR 31.10 crore) |
| Offer For Sale | NIL |
| Total IPO size | 28,80,000 shares (INR 31.10 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,29,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Forge Auto International Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 132.88 | 176.65 | 180.12 |
| Expenses | 130.26 | 170.71 | 172.28 |
| Net income | 2.64 | 4.96 | 6.69 |
Forge Auto International Offer News
- Forge Auto International RHP
- Forge Auto International Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Forge Auto International Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 4.04 | 7.58 | 10.21 |
| PE ratio | – | 9.99 – 10.58 | |
| RONW (%) | 19.33 | 29.89 | 32.14 |
| NAV | 17.01 | 20.65 | 25.88 |
| ROCE (%) | 13.03 | 18.36 | 17.60 |
| EBITDA (%) | 5.41 | 6.39 | 7.62 |
| Debt/Equity | 1.92 | 1.92 | 1.94 |
Forge Auto International IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 October 2024 | 15 | – | 16,500 |
| 2 October 2024 | 20 | – | 21,000 |
| 1 October 2024 | 20 | – | 21,000 |
| 30 September 2024 | 27 | – | 25,000 |
| 28 September 2024 | 32 | – | 27,500 |
| 27 September 2024 | 35 | – | 30,000 |
| 26 September 2024 | 30 | – | 25,500 |
Forge Auto International IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 5,47,200 | 4,10,400 | 9,57,600 | 19,15,200 |
| 30 Sep 2024 | 20.13 | 58.91 | 61.95 | 49.35 |
| 27 Sep 2024 | 7.40 | 6.03 | 14.44 | 10.63 |
| 26 Sep 2024 | 6.55 | 2.32 | 4.33 | 4.53 |
The market maker reservation portion of 1,46,400 shares and anchor investor portion of 8,18,400 shares are not included in the above calculations.
Forge Auto International IPO Allotment Status
Forge Auto International IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Forge Auto International IPO Dates & Listing Performance
| IPO Opening Date | 26 September 2024 |
| IPO Closing Date | 30 September 2024 |
| Finalization of Basis of Allotment | 1 October 2024 |
| Initiation of refunds | 3 October 2024 |
| Transfer of shares to demat accounts | 3 October 2024 |
| IPO Listing Date | 4 October 2024 |
| Opening Price on NSE SME | INR 113 per share (up 4.63%) |
| Closing Price on NSE SME | INR 109.35 per share (up 1.25%) |
Forge Auto International Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Forge Auto International Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Forge Auto International Issue Contact Details
FORGE AUTO INTERNATIONAL LIMITED
Village Mangarh, Kohara-Machhiwara Road,
Ludhiana, Punjab, India, 141001
Phone: +91- 8999999195
E-mail: [email protected]
Website: www.failtd.com
IPO FAQs
What is the Forge Auto International offer size?
Forge Auto International offer size is INR 29.38 – 31.10 crores.
What is the Forge Auto International offer price band?
Forge Auto International public offer price is INR 102 – 108 per share.
What is the lot size of the Forge Auto International IPO?
Forge Auto International offer a lot size is 1,200 shares.
What is Forge Auto International IPO GMP today?
Forge Auto International IPO GMP today is INR 15 per share.
What is the Forge Auto International kostak rate today?
Forge Auto International kostak rate today is INR NA per application.
What is Forge Auto International Subject to the Sauda rate today?
Forge Auto International is Subject to the Sauda rate today is INR 16,500 per application.
