Forge Auto IPO Details
| IPO Issue Open Date: | 26 September 2024 |
| IPO Issue Close Date: | 30 September 2024 |
| IPO Issue Price Band: | ₹102 to ₹108 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹31.10 Crores | 2,880,000 shares |
| Fresh Issue: | ₹31.10 Crores | 2,880,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Forge Auto IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Forge Auto IPO Dates Timeline
| Issue Open Date: | 26 September 2024 |
| Issue Close Date: | 30 September 2024 |
| Basis of Allotment Date: | 1 October 2024 |
| Refunds Initiation: | 3 October 2024 |
| Shares Credit in Demat: | 3 October 2024 |
| IPO Listing Date Detail: | 4 October 2024 |
Forge Auto IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 1200 shares = ₹129,600 |
| Retail (Max) | 1 lots and 1200 shares = ₹129,600 |
| HNI (Min) | 2 lots and 2400 shares = ₹259,200 |
| B-HNI Minimum | – |
Forge Auto IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹- | ₹- | ₹- | ₹- |
About Forge Auto
Forge Auto International is an engineering company engaged in forging and manufacturing of complex and safety critical, forged and precision machined components such as big rings, small rings, big ball stud, gear blank with broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways, etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools, etc. They primarily serve their customers comprising of domestic and global original equipment manufacturers (“OEMs”) engaged in manufacturing for both the automotive sector and another nonautomotive sector, used across industries by a diversified base of customers.
They manufacture precision machined components as per customer specifications and International Standard catering to the requirements of various industries such as tractors, agriculture parts, railways, automobiles, commercial vehicle industry, 5th wheel industry, striking tools, hydraulic parts castor wheel parts and other related industries.
Forge Auto IPO Strengths
- Integrated manufacturing operations with diversified product portfolio
- Long-standing relationship
- Experienced Promoters and senior management team
- Track record of healthy financial performance
Objects of the IPO Issue
- To meet Working Capital requirements
- Repayment of specific borrowing availed by the Company
- General Corporate Purpose
Forge Auto Company Financial Report
The company reported revenue of ₹177.64 crores in 2023 against ₹134.00 crore in 2022. The company reported profit of ₹4.96 crores in 2023 against profit of ₹2.64 crores in 2022.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹109.75 | ₹107.52 | ₹1.61 | ₹53.07 |
| 2022 | ₹134.00 | ₹130.26 | ₹2.64 | ₹56.78 |
| 2023 | ₹177.64 | ₹170.71 | ₹4.96 | ₹82.74 |
Forge Auto IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 32.78% |
| ROCE: | 24.82% |
| EBITDA Margin: | 7.01% |
| PAT Margin: | 2.79% |
| Debt to equity ratio: | 1.92 |
| Earning Per Share (EPS): | ₹12.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.89% |
| Net Asset Value (NAV): | ₹41.51 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Balu Forge Industries Ltd | 9.80 | 33.71 | 16.94 | 53.90 | 559.86 Cr. |
| MM Forging Limited | 55.84 | 21.65 | 16.92 | 326.87 | 1,547.12 Cr. |
| Happy Forging Limited | 26.78 | 45.47 | 15.07 | 171.17 | 1,358.24 Cr. |
| Samrat Forgings Ltd | 5.95 | 53.80 | 9.42 | 63.15 | 162.03 Cr. |
Forge Auto IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Forge Auto IPO Lead Manager
- Hem Securities Limited
Forge Auto IPO allotment status check on Link Intime website. Click on Bigshare Services to get allotment status.
Promoters of Forge Auto
- Mr Parmod Gupta
- Mr Rajan Mittal
Company Address
Forge Auto International IPO Limited
Village Mangarh,KoharaMachhiwara RoadLudhiana,-, 141001Phone: +91- 8999999195Email: sm@aint.inWebsite: http://www.failtd.com/