Forge Auto International IPO GMP : Forge Auto International IPO GMP is Open on 26 September 2024 and Close on 30 September 2024. Forge Auto International IPO to Raise 2,880,000 shares (Approx ₹31.10 Cr) via IPO. The Fresh issue of 2,880,000 shares (Approx ₹31.10 Cr).
Our Company is an engineering company engaged into forging and manufacturing of complex and safety critical, forged and precision machined components such as big ring, small ring, 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.
We primarily serve our customers comprising of domestic and global original equipment manufacturers (“OEMs”) engaged into manufacturing for both automotive sector and other nonautomotive sector, used across industries by a diversified base of customers.
We manufacture products such as short fork 325HS, long fork, flange yoke 325 HS used in commercial vehicles, ball stud, small ball stud used in railway bogies, gear blank with broach, gear blank without broach, stub axle assembly used in tractors, agricultural equipment, sledge hammers etc.
Our product range can be broadly classified into different categories i.e. Automotive sector (i.e. used in the manufacturing of auto components such as tractors, light vehicles, heavy commercial vehicles etc.) and non- automotive sector (i.e. which are used in manufacturing of agricultural, industrial and striking tools etc.).
Our strategy and commitment to deliver the required product and services to its customer by consistently improving its current products and innovating customer-centric new products and process technologies. Further, because of our commitment towards customer satisfaction and performance of our products, we have expanded our customer base both geographically and in different industry sectors.
We serve our customers, engaged in the business of manufacturing in different sectors and industry like agriculture equipment, automotive, castor wheel, construction, defense, heavy commercial vehicle, railway, striking tool, tractor etc.
Forge Auto International IPO Date & Price Band Details
| IPO Open Date | 26 Sep 2024 |
|---|---|
| IPO Close Date | 30 Sep 2024 |
| IPO Size | 2,880,000 shares (Approx ₹31.10 Cr) |
| Fresh Issue | 2,880,000 shares (Approx ₹31.10 Cr) |
| Lot Size | 1200 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹102 to ₹108 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Forge Auto International IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹1,29,600 |
| Retail Maximum | 1 | 1200 | ₹1,29,600 |
| S-HNI Minimum | 2 | 2400 | ₹2,59,200 |
Object of the Issue
- To meet Working Capital requirements.
- Repayment of certain borrowing availed by our Company, in part or full.
- General Corporate Purpose.
Forge Auto International IPO Allotment & Listings (Details)
| IPO Open Date | 26 Sep 2024 |
|---|---|
| IPO Close Date | 30 Sep 2024 |
| Basis of Allotment | 1 Oct 2024 |
| Refunds | 3 Oct 2024 |
| Credit to Demat Account | 3 Oct 2024 |
| IPO Listing Date | 4 Oct 2024 |
Forge Auto International Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| Dec 2023 | ₹135.41 | ₹130.04 | ₹3.62 |
| 2023 | ₹177.64 | ₹170.71 | ₹4.96 |
| 2022 | ₹134.00 | ₹130.26 | ₹2.64 |
| 2021 | ₹109.75 | ₹107.52 | ₹1.61 |
Our Company Promoters
- Rajan Mittal
- Parmod Gupta
Qualitative Factors
- Integrated manufacturing operations with diversified product portfolio.
- Long-standing relationship.
- Experienced Promoters and senior management team.
- Track record of healthy financial performance.
Comparison of Accounting Ratios with Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | RONW | Revenue (₹ in Lakhs) | Book Value |
|---|---|---|---|---|---|---|
| Forge Auto International Ltd | 10.00 | 12.41 | [.] | 29.89% | 17,664.85 | 41.51 |
| Peer Group | ||||||
| Balu Forge Industries Ltd | 10.00 | 9.80 | 33.71 | 16.94% | 55,985.58 | 53.90 |
| MM Forging Ltd | 10.00 | 55.84 | 21.65 | 16.92% | 1,54,711.96 | 326.87 |
| Happy Forging Ltd | 2.00 | 26.78 | 45.47 | 15.07% | 1,35,823.58 | 171.17 |
| Samrat Forgings Ltd | 10.00 | 5.95 | 53.80 | 9.42% | 16,202.83 | 63.15 |
Also Read: Saj Hotels IPO
Forge Auto International Company Contact Details
Village Mangarh, Kohara-Machhiwara Road,
Ludhiana, Punjab, 141001 India.
Tel.: +91 8999999195
E-mail: sm@aint.in
Website: www.failtd.com
Forge Auto International Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai- 400013,
Maharashtra, India
Tel No.: +91-22-4906 0000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Sourabh Garg
Forge Auto International IPO Registrar
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park, Next to
Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai –
400093, India.
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Asif Sayyed
Website: www.bigshareonline.com
