September 20, 2024
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Forge Auto IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Forge Auto listing Review
Will give detailed review on listing of this IPO
Forge Auto IPO allotment Link
What was the last grey market premium of Forge Auto IPO?
For latest GMP, Click
Subscription status of Forge Auto IPO
Will update once the IPO opens for subscription
What is the business of Forge Auto?
Forge Auto International Limited: Leading Provider of Precision-Machined Components
Founded in 2001, Forge Auto International Limited is a premier engineering firm specializing in the forging and manufacturing of complex, safety-critical components for the automotive and non-automotive industries. Its diverse product range includes precision-machined parts for automobiles, tractors, railways, agricultural equipment, hydraulic systems, and striking tools.
It serves both domestic and international original equipment manufacturers (OEMs) across various sectors, ensuring high-quality products meet the rigorous demands of its customers. Its commitment to excellence is reflected in its impressive revenue growth, which surged from Rs.10,951.99 lakhs in Fiscal 2021 to Rs.17,664.85 lakhs in Fiscal 2023—a remarkable 27% compound annual growth rate (CAGR).
Its extensive manufacturing capabilities allow it to produce a wide variety of components, including short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies. These products are integral to the performance of commercial vehicles, railway bogies, tractors, and agricultural machinery.
Forge Auto International Limited dedicated to innovation and quality, driving success for its customers and solidifying its position as a trusted partner in the engineering industry.
Get more information about the company @ http://www.failtd.com/
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Forge Auto IPO Details |
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| IPO opens on | 26 September 2024 |
| IPO closes on | 30 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 28,80,000 Shares / Rs 31.10 Crore |
| * Fresh Issue | 28,80,000 Shares / Rs 31.10 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 146,400 Shares |
| Net offer to Public | 27,33,600 Shares/ Rs.29.52 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.102-108 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 13,66,800 | 14.76 |
| NII (15%) | 4,10,040 | 4.46 |
| RII (35%) | 9,56,760 | 10.33 |
| Total Shares | 27,33,600 | 29.52 |
| Retail portion will be oversubscribed by | 797 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.129600 |
| Min HNI Application | 2400 Shares | Rs.259200 |
Who are the Promoters of Forge Auto IPO?
The promoters of the company are Parmod Gupta and Rajan Mittal
What are the Objects of Forge Auto IPO?
The Offer comprises of fresh issue of shares.
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
- To meet Working Capital requirements
- Repayment of specific borrowing availed by the Company
- General Corporate Purpose
Tentative timetable |
|
| IPO opens on | 26 September 2024 |
| IPO Closes on | 30 September 2024 |
| IPO Allotment on | 1 October 2024 |
| Refund Initiation | 3 October 2024 |
| Credit of Shares | 3 October 2024 |
| Listing on | 4 October 2024 |
| Registered Office of the Company Forge Auto International Limited Village Mangarh, KoharaMachhiwara Road Ludhiana,-, 141001 |
| Who is the Lead Manager of this IPO? Hem Securities ltd |
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Who is the Registrar to IPO? |
Forge Auto IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Forge Auto IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 134.00 | 2.64 | – | |
| 2022-23 | 177.64 | 4.96 | 12.41 | 29.89 |
| 2023-24 9M | 135.40 | 3.62 | 8.86 | |
| Book Value of the Share on 31.03.2023 |
Rs | 41.52 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 108 | ||
IPO
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|
| Price/EPS of 22-23 | 8.70 |
| Price/BV Ratio | 2.60 |
| Price/BV after IPO | |
How Forge Auto IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Forge Auto | 8.70 | ||
| Balu Forge | 21.65 | ||
| MM Forging | 21.65 | ||
| Happy Forging | 45.57 | ||
| Samrat Forging | 53.80 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Forge Auto IPO Review
Founded in 2001, Forge Auto International Limited is a premier engineering firm specializing in the forging and manufacturing of complex, safety-critical components for the automotive and non-automotive industries.
Size: Net size of the IPO is Rs.29.52 crore, comprising of 2733,600 shares. The size of the IPO is not very large and oversubscription can be attained without any proble,
Financial Snapshot: The shares in this IPO are offered at attractive valuation, compared to the peer companies
+ from fundamental angle: May Apply
+ from grey market angle: Apply
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Forge Auto IPO GMP today allotment, review?
Forge Auto IPO GMP grey market premium
Forge Auto IPO FAQs
What is Forge Auto IPO?
This is a SME IPO of 28,80,000 equity shares of the face value of Rs. 10 aggregating up to Rs.31.10 Crores. The issue is priced at Rs.102-108 per share. The minimum order quantity is 1200 Shares.
When will Forge Auto IPO subscription open?
Forge Auto IPO opens on September 26, 2024, and closes on September 30, 2024.
What is the lot size of Forge Auto IPO?
Forge Auto IPO lot size is 1200 Shares, and the minimum amount required is Rs.129600
How to apply for Forge Auto IPO?
You can apply in Forge Auto 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Forge Auto IPO allotment?
The finalization of Basis of Allotment for Forge Auto IPO will be done on October 01, 2024, and the allotted shares will be credited to your demat account by October 3, 2024.
When is Forge Auto IPO listing date?
Forge Auto IPO listing date is October 04, 2024.
