Forge Auto International IPO is a book-built issue aiming to raise ₹31.10 crores through a fresh issue of 28.8 lakh shares. This SME IPO opens for subscription on September 26, 2024.
Through its IPO segment, the company aims to raise ₹31.10 crores via a book-built issue. This includes a fresh issue of 28.8 lakh shares.
The IPO opens for subscription on September 26, 2024, and closes on September 30, 2024. The share allotment is expected to be finalized on October 1, 2024, and the company is set to list on the NSE SME on October 4, 2024.
Hem Securities Limited is the lead manager for this IPO, with Bigshare Services Pvt Ltd as the registrar. Hem Finlease is the market maker.
Step-by-Step Instructions to Apply for the Forge Auto IPO!
Forge Auto International Limited NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | September 26, 2024 |
| IPO Closing Date | September 30, 2024 |
| Listing Date | October 4, 2024 |
| IPO Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,880,000 shares (₹31.10 Cr) |
| Fresh Issue | 2,880,000 shares (₹31.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 8,040,000 shares |
| Shareholding Post-Issue | 10,920,000 shares |
| Market Maker Portion | 146,400 shares (Hem Finlease) |
Forge Auto International Limited | Company Overview
Founded in 2001, Forge Auto International Limited is an engineering company that makes and manufactures safety-critical, precision-machined components. These are used in the auto industry (cars, tractors, trains) and in non-auto sectors (agricultural parts, hydraulic parts, and tools).
The company supplies both domestic and global manufacturers (“OEMs”) for automotive and non-automotive sectors. Its products are used across many industries by a wide range of customers.
Forge Auto’s revenue grew from ₹10,951.99 lakhs in 2021 to ₹17,664.85 lakhs in 2023, showing a 27% compound annual growth rate (CAGR). This growth highlights their strong focus on quality products.
- The company’s factory has a forging capacity of 20,000 metric tons and can produce up to 25 lakh machined units.
- Long-term relationships with customers due to a commitment to quality, on-time delivery, and adaptability.
- Government certifications for sustainable, high-quality manufacturing.
Forge Auto International IPO – Key Details
- Forge Auto International IPO Open Date: September 26, 2024
- Forge Auto International IPO Close Date: September 30, 2024
- Basis of Allotment: October 1, 2024
- Initiation of Refunds: October 3, 2024
- Forge Auto International IPO Listing Date: October 4, 2024
- Forge Auto International IPO Subscription Status: 0.34 times on September 26, 2024, 11:20:01 AM
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Financial Highlights of Forge Auto International Limited
The financial performance of Forge Auto International has been remarkable in recent years, showing consistent growth.
| Period Ended | Assets (₹ Lakh) | Revenue (₹ Lakh) | Profit After Tax (₹ Lakh) | Net Worth (₹ Lakh) |
| 31 Mar 2024 | 10,148.67 | 18,157.30 | 668.88 | 2,020.88 |
| 31 Mar 2023 | 8,274.29 | 17,764.43 | 496.29 | 1,660.35 |
| 31 Mar 2022 | 5,677.94 | 13,400.28 | 264.34 | 1,367.73 |
FAQs | Forge Auto International Limited IPO
The Forge Auto IPO opens for subscription on September 26, 2024, and closes on September 30, 2024.
The minimum lot size is 1200 shares.
The IPO launch date is September 26, 2024.
You can check the allotment status by visiting the registrar’s website and entering your application details.
The bidding period is from September 26 to September 30, 2024.
The face value is ₹10 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.