Forge Auto International IPO
Forge Auto International is an NSE SME IPO listed on the NSE SME platform, priced at ₹102–₹108 per share. The stock debuted at ₹113, delivering a listing gain of 4.6%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,29,600.
Forge Auto International Limited IPO
- IPO Dates
- Sep 26, 2024 – Sep 30, 2024
- Price band
- ₹102-108 per equity share
- Minimum Investment
- ₹1,29,600
- Issue size
- ₹31.1 Cr
- Lot size
- 1200
- Allotment Date
- Oct 1, 2024
- Listing
- Jan 4, 2025
- Listing At
- NSE SME
IPO timeline
-
Sep 26, 2024
Open Date
Completed
-
Sep 30, 2024
Close Date
Completed
-
Oct 1, 2024
Allotment Date
Completed
-
Jan 4, 2025
Listing Date
Completed
Forge Auto International IPO Essentials
Forge Auto International IPO Details
Forge Auto International IPO is priced at ₹102-108 per share with a total issue size of 31.1 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹102-108 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 2,880,000 shares(aggregating up to ₹31.10 Cr)
- Total issue size
- 28,80,000 shares
(aggregating up to ₹31.1 crore) - Fresh issue
- 28,80,000 shares
(aggregating up to ₹31.1 crore) - Listing at
- NSE SME
- List price
- 113.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Hem Securities Limited
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,29,600 |
| Retail(max) | 1 | 1200 | ₹1,29,600 |
| NII (min) | 2 | 2400 | ₹2,59,200 |
Forge Auto International IPO Documents
Forge Auto International IPO Reservation
Forge Auto International IPO reservation details show category-wise allocation of shares. Out of the total 28,80,000 shares, approximately 19% are reserved for QIB, 14.25% for NII, 33.25% for retail investors, 5.08% for market maker, and 28.42% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 8,18,400 (28.42%) | |
| Market Maker Shares Offered | 1,46,400 (5.08%) | |
| QIB Shares Offered | 5,47,200 (19%) | |
| NII (HNI) Shares Offered | 4,10,400 (14.25%) | |
| Retail Shares Offered | 9,57,600 (33.25%) | |
| Total Shares Offered | 28,80,000 (100%) |
Forge Auto International IPO Analytics
Forge Auto International IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Forge Auto International IPO Subscription Status
Forge Auto International IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 547,200 / 410,400 | 957,600 | 1,915,200 |
|
Day 1
26-09-24 06:00 PM
|
(6.55 / 2.35) x | 4.47 x | 4.61 x |
|
Day 2
27-09-24 06:00 PM
|
(7.40 / 5.87) x | 15.79 x | 11.27 x |
|
Day 3
30-09-24 06:00 PM
|
(20.13 / 58.55) x | 61.95 x | 49.35 x |
Forge Auto International Valuations
Earnings
- EPS Pre IPO
- ₹6.17/-
- EPS Post IPO
- ₹4.42/-
- P/E Pre IPO
- 17.5
- P/E Post IPO
- 24.42
Returns
- ROE
- 35.76%
- ROCE
- 17.60%
- RoNW
- 32.14%
- PAT Margin
- 3.71
Fundamentals
- Debt / Equity
- 1.94
- Price / Book
- 4.17
Forge Auto International Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 10,148.67 | 8,274.29 | 5,677.94 |
| Revenue | 18,157.3 | 17,764.43 | 13,400.28 |
| Profit After Tax | 668.88 | 496.29 | 264.34 |
| Net Worth | 2,020.88 | 1,660.35 | 1,367.73 |
| Reserves & Surplus | 1,276.88 | N/A | N/A |
| Total Borrowing | 4,046.00 | 3,183.2 | 2,620.16 |
Forge Auto International Company & Offer Insights
About Forge Auto International
Incorporated in 2001, Forge Auto International Limited is an engineering company that forges and manufactures complex, safety-critical, forged, and precision-machined components for the auto industry (automobiles, tractors, railways) and non-auto sectors (agriculture parts, hydraulic parts, striking tools).
The company serves its customers, which include original equipment manufacturers from the domestic and international sectors engaged in the manufacturing of automotive as well as non-automotive products. The products used in a number of industries cater to a diversified customer base.
Revenue from sales of machined and forging products of the company has increased to Rs 17664.85 lakhs in Fiscal 2023 from Rs 10951.99 lakhs of Fiscal 2021. This registers a CAGR of 27% and indicates that the company has now begun to focus more upon its products.
The company produces short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies for commercial vehicles, railway bogies, tractors, agricultural equipment, and sledgehammers.
The company is certified with the following standards: ISO 9001:2015 quality management systems, ISO 14001:2015 environmental management systems, OHSAS 18001:2007 occupational health and safety management systems, IATF 16949:2016 for business with OEMs manufacturing components in the automotive industry, and ZED GOLD by the Government of India for sustainability with Zero Effect and Zero Defect.
As of March 31, 2024, there are 14 employees in house sales and marketing.
As of March 31, 2024, the total permanent employees were 366 in different departments.
Forge Auto International Promoter(s)
Parmod Gupta, Rajan Mittal are the company's promoters of Forge Auto International.
Forge Auto International IPO Issue Objectives
- •
- To meet Working Capital requirements
- •
- Repayment of specific borrowing availed by the Company
- •
- General Corporate Purpose
Forge Auto International IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Forge Auto International Limited | 10.21 | 10.21 | 25.88 | 12.98 | 32.14 | 4.32 | Restated |
| Balu Forge Industries Limited | 9.8 | 9.74 | N/A | 81.87 | 16.94 | N/A | Standalone |
| MM Forging Limited | 55.94 | 55.94 | N/A | 10.34 | 17.11 | N/A | Standalone |
| Happy Forgings Limited | 26.78 | 26.75 | N/A | 45.32 | 15.07 | N/A | Standalone |
| Samrat Forgings Ltd | 5.95 | 5.95 | N/A | 62.34 | 9.42 | N/A | Standalone |
Notes:
- The EPS, NAV, RoNW and total Income of our Company are taken as per the Restated Financial Statement for the Financial Year 2023-24.
- NAV per share is computed as the closing net worth divided by the weighted average number of paid up equity shares as on March 31, 2024.
- RoNW has been computed as net profit after tax divided by closing net worth.
- Net worth has been computed in the manner as specifies in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.
Contact Information
Contact Details
Forge Auto International
+91- 8999999195
Village Mangarh, KoharaMachhiwara Road, Ludhiana,-, 141001
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Forge Auto International IPO is a book-built IPO worth ₹31.1 crore. The price band is ₹102–₹108 per share. The IPO opens on Sep 26, 2024 and closes on Sep 30, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Forge Auto International IPO is ₹102 to ₹108 per share.
The lot size of Forge Auto International IPO is 1200 shares.
The minimum investment for Forge Auto International IPO is approximately ₹1,29,600 based on the upper price band .
Forge Auto International IPO opens on Sep 26, 2024 and closes on Sep 30, 2024.
The allotment date of Forge Auto International IPO is Oct 1, 2024.
Forge Auto International IPO is expected to be listed on Jan 4, 2025, on NSE SME Platform.
Forge Auto International IPO valuation snapshot: P/E 24.42, EPS ₹4.42/-, P/B 4.17, RoNW 32.14%, and market cap N/A.
To apply for Forge Auto International IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Forge Auto International IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Forge Auto International IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Forge Auto International IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Forge Auto International IPO allotment status on IPO Ji for quick and easy access.