Forge Auto International IPO GMP, Review, Price, Allotment

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Last updated on October 3, 2024

Forge Auto International IPO GMP

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.

Forge Auto International IPO Allotment Status

Promoters of Forge Auto International – Mr Parmod Gupta, and Mr Rajan Mittal


Forge Auto International IPO Details

Forge Auto International IPO Dates26 – 30 September 2024
Forge Auto International Issue PriceINR 102 – 108 per share
Fresh issue28,80,000 shares (INR 31.10 crore)
Offer For SaleNIL
Total IPO size28,80,000 shares (INR 31.10 crore)
Minimum bid (lot size)1,200 shares (INR 1,29,600)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE Emerge

Forge Auto International Financial Performance

 FY 2022FY 2023FY 2024
Revenue132.88176.65180.12
Expenses130.26170.71172.28
Net income2.644.966.69
Figures in INR Crores unless specified otherwise

Forge Auto International Offer News


Forge Auto International Valuations & Margins

FY 2022FY 2023FY 2024
EPS4.047.5810.21
PE ratio–9.99 – 10.58
RONW (%)19.3329.8932.14
NAV17.0120.6525.88
ROCE (%)13.0318.3617.60
EBITDA (%)5.416.397.62
Debt/Equity 1.921.921.94
*Compiled by IPO Central from Prospectus

Forge Auto International IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
3 October 202415–16,500
2 October 202420–21,000
1 October 202420–21,000
30 September 202427–25,000
28 September 202432–27,500
27 September 202435–30,000
26 September 202430–25,500

Forge Auto International IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered5,47,2004,10,4009,57,60019,15,200
30 Sep 202420.1358.9161.9549.35
27 Sep 20247.406.0314.4410.63
26 Sep 20246.552.324.334.53

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 Date26 September 2024
IPO Closing Date30 September 2024
Finalization of Basis of Allotment1 October 2024
Initiation of refunds3 October 2024
Transfer of shares to demat accounts3 October 2024
IPO Listing Date4 October 2024
Opening Price on NSE SMEComing soon
Closing Price on NSE SMEComing soon

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: [email protected]
Website: 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: +91 22 6263 8200
Email:  [email protected]
Website: 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.

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