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Forge Auto International Ltd

Castings, Forgings & Fastners

Offer Period :

26th to 30th Sep 2024

Forge Auto International Limited, established in 2001, specializes in forging and manufacturing safety-critical components for the auto and non-auto sectors. Serving domestic and global OEMs Read more...its products include forks, yokes, and gear blanks for vehicles, railways, and agricultural equipment. The company achieved a 27% CAGR in revenue, rising from ₹10,951.99 lakh in FY21 to ₹17,664.85 lakh in FY23. Certified with ISO, OHSAS, IATF, and ZED Gold standards, Forge Auto emphasizes sustainability, quality, and safety. Read less

Forge Auto International Ltd IPO Details

IPO Date 26th to 30th Sep 2024 Minimum Investment ₹129600 / 1 Lots
Listing Date 2024-10-04 Maximum Investment ₹129600 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹31.1 Crores
Price ₹108 to ₹108 per share Fresh Issue ₹31.1 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 26th to 30th Sep 2024
Listing Date 2024-10-04
Face Value ₹10 per share
Price ₹108 to ₹108 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹129600 / 1 Lots
Maximum Investment ₹129600 / 1 Lots
Total Issue Size ₹31.1 Crores
Fresh Issue ₹31.1 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

26th Sep

IPO Starts

30th Sep

IPO Ends

1st Oct

Allotment Date

3rd Oct

Initiation of Refund

3rd Oct

Credit of Shares to Demat Account

4th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73.63
Public Group 0 26.37

Forge Auto International Ltd IPO Reservation

QIB Shares Offered 546240(18.97%)
NII (HNI) Shares Offered 410400(14.25%)
Retail Shares Offered 957600(33.25%)
Anchor Investor Shares Offered 819360(28.45%)
Total Shares Offered 2880000
Total Shares With Anchor Investor 2880000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Forge Auto International Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200;
Email Id investor@bigshareonline.com
Our Website www.bigshareonline.com

Forge Auto International Ltd IPO Lead Manager

1. Hem Securities Ltd

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Forge Auto International Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 5,47,200 40,50,000 19,189.0
Non Institutional Investors 5,56,800 41,19,600 19,189.0
Retail Individual Investors (RIIs) 9,57,600 2,30,26,800 19,189.0
Total 20,61,600 3,11,96,400 19,189.0

Strength of Forge Auto International Ltd

1. Integrated manufacturing operations with diversified product portfolio.

2. Long-standing relationship.

3. Experienced Promoters and senior management team.

4. Track record of healthy financial performance.

Industry Outlook of Forge Auto International IPO

 

- The auto components industry in India is a key sector, contributing to over 2.3% of the country's GDP and around 25% of its manufacturing GDP. Read more...

- India's automotive industry is poised for significant growth, with projections suggesting it will reach $300 billion by 2026, driven by rising consumer demand, advancements in technology, and a growing focus on electric vehicles (EVs).

- The global shift towards EVs is expected to further boost the auto component sector, with Indian companies like Forge Auto International well-positioned to capitalize on this trend.

- Favorable government initiatives such as the Production Linked Incentive (PLI) scheme for auto components and the push towards local manufacturing offer significant growth opportunities for players like Forge Auto.

- Additionally, increasing exports, especially to European and North American markets, are driving the expansion of Indian auto component manufacturers, helping Forge Auto International scale its operations internationally. Read less

Risks Involved

1. The company depends on a limited number of customers for its revenue from operations, the loss of any of these customers individually or severally could have a material adverse effect on its business, operations and could have impacted its financial strength.

2. The company does not have agreements/commitment on part of its customers to purchase or place orders with the company, also the company does not have any price agreement with its customers. If the company customers select some other vendors /competitors for their requirement, it may have adverse effect on its business.

3. The company depends on a few suppliers for the supply of steel, its primary raw material. Further, the company does not have definitive supply agreements with its suppliers for the supply of steel. If the company suppliers fails to fulfil its requirement, it may have adverse effect on its business.

4. The company has taken loans and any inability to comply with repayment and other covenants can adversely affect its business, reputation and financial condition.

5. Its business is dependent on the performance of certain other industries which the company is serving particularly automobile, tractors, railways, farm equipment etc. Any adverse changes in the conditions affecting these industries can adversely impact its business and financial condition.

6. Its production process requires uninterrupted power and fuel supply and any disruption/shortage of power or fuel sources could affect its product quality or increase the company production costs and adversely affect its business, and operations.

7. The company has substantial working capital requirements and may requires additional capital and financing in the future and its operations could be curtailed if the company is unable to obtain the required additional capital and financing when needed.

8. The company has been recently formed by conversion of the erstwhile Partnership firm into the company, thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

9. Inventories and trade receivables form a major part of its current assets. Failures to manage the company inventory and trade receivables could have an adverse effect on its sales, profitability, cash flow and liquidity.

10. Failures to obtain or maintain pre-qualifications from customers or loss of its pre-qualified status from our existing customers could adversely impact the company's business.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Forge Auto International Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-04 93283 FORGEAUTO
INE0YKW01013
₹108 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹108 ₹108
Open ₹0 ₹113
Low ₹0 ₹107.35
High ₹0 ₹115
Low ₹0 ₹107.35

Frequently Asked Questions

What is Forge Auto International Ltd IPO?

Answer Field

Forge Auto International Ltd IPO is a SME IPO of 28,80,000 equity shares of a face value of ₹10 aggregating up to ₹31.1 Crores. The issue is priced at ₹108 to ₹108 per share. The minimum order quantity is 1200 Shares. The IPO opens on September 26, 2024, and closes on September 30, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Forge Auto International Ltd IPO will open?

Answer Field

The Forge Auto International Ltd IPO opens on September 26, 2024 and closes on September 30, 2024.

What is the lot size of Forge Auto International Ltd?

Answer Field

Forge Auto International Ltd lot size is 1200 shares, and the minimum amount required is ₹1,29,600.

How to apply for Forge Auto International Ltd IPO?

Answer Field

You can apply in Forge Auto International Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Forge Auto International Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Forge Auto International Ltd IPO will be done on October 01, 2024, and the allotted shares will be credited to your demat account by October 03, 2024.

When is Forge Auto International Ltd IPO listing date?

Answer Field

The Forge Auto International Ltd listing date is October 04, 2024.

Who is the registrar of Forge Auto International Ltd IPO?

Answer Field

The registrar of Forge Auto International Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Hem Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Forge Auto International Ltd IPO?

Answer Field

The fresh issue size is ₹31.1 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Forge Auto International Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,29,600 amount.

How can I approve the UPI mandate request for Forge Auto International Ltd IPO?

Answer Field

To apply for Forge Auto International Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Forge Auto International Ltd?

Answer Field

The price of each Forge Auto International Ltd share will be ranging in between ₹108 to ₹108 per share.

What is the cut-off time for the UPI mandate for Forge Auto International Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 30, 2024.

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