Forge Auto International Limited IPO| Key Dates and Price Band

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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

DetailInformation
IPO Opening DateSeptember 26, 2024
IPO Closing DateSeptember 30, 2024
Listing DateOctober 4, 2024
IPO Face Value₹10 per share
Price Band₹102 to ₹108 per share
Lot Size1200 Shares
Total Issue Size2,880,000 shares (₹31.10 Cr)
Fresh Issue2,880,000 shares (₹31.10 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding Pre-Issue8,040,000 shares
Shareholding Post-Issue10,920,000 shares
Market Maker Portion146,400 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 EndedAssets (₹ Cr)Revenue (₹ Cr)Profit After Tax (₹ Cr)Net Worth (₹ Cr)
31 Mar 202410,148.6718,157.30668.882,020.88
31 Mar 20238,274.2917,764.43496.291,660.35
31 Mar 20225,677.9413,400.28264.341,367.73

FAQs | Forge Auto International Limited IPO

What are the bidding dates for the Forge Auto International IPO?

The Forge Auto IPO opens for subscription on September 26, 2024, and closes on September 30, 2024.

What is the IPO lot size for Forge Auto International?

The minimum lot size is 1200 shares.

When is the IPO launch date for Forge Auto International?

The IPO launch date is September 26, 2024.

How can I check the IPO allotment status for Forge Auto International?

You can check the allotment status by visiting the registrar’s website and entering your application details.

What is the IPO bidding time for Forge Auto International?

The bidding period is from September 26 to September 30, 2024.

What is the IPO face value for Forge Auto International?

The face value is ₹10 per share.

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