- Home
- Forge Auto International IPO
Forge Auto International Limited IPO (Forge Auto International IPO ) Details
Forge Auto International Limited
Forge Auto International IPO 's overview
Forge Auto International IPO is a book built issue of ₹31.10 Cr (31,10,40,000). The issue includes a fresh issue of 28.80 Lakh (28,80,000) shares aggregating to ₹31.10 Cr (31,10,40,000).
Forge Auto International IPO bidding started from Sep 26, 2024 and ended on Sep 30, 2024. The allotment for Forge Auto International IPO was finalized on Oct 01, 2024. The shares got listed on NSE on Oct 04, 2024.
Forge Auto International IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹1.22 Lakh (1,22,400).
Refer to Forge Auto International IPO RHP for detailed information.
IPO date
Sep 26,2024 - Sep 30,2024
Listing Date
Oct 04,2024
Face value
₹10
Price Band
₹102 to ₹108 per share
Lot
₹1200 Shares
Total Issue Size
28.80 Lakh (28,80,000)
aggregating up to ₹31.10 Cr (31,10,40,000)
Fresh Issue
28.80 Lakh (28,80,000)
aggregating up to ₹31.10 Cr (31,10,40,000)
Issue Type
Book Building
IPO Type
SMEListing At
NSE
Thu, Sep 26, 2024
IPO Open
Mon, Sep 30, 2024
IPO Close
Tue, Oct 01, 2024
Basis of Allotment
Thu, Oct 03, 2024
Initiation of Refunds
Thu, Oct 03, 2024
Credit of Shares to Demat
Fri, Oct 04, 2024
Listing
Forge Auto International IPO Day-wise IPO GMP Trend
Forge Auto International IPO last GMP is ₹15, last updated Oct 03,2024. With the price band of 108.00, Forge Auto International IPO 's estimated listing price is ₹123 (cap price + today's GMP).The expected percentage gain/loss per share is 13.89%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 03-Oct-24 | 108.00 | 15 | 123(13.89%) | 3-Oct-2024 17:02 |
| 02-Oct-24 | 108.00 | 15 | 123(13.89%) | 2-Oct-2024 23:25 |
| 01-Oct-24 | 108.00 | 15 | 123(13.89%) | 1-Oct-2024 23:26 |
| 30-Sep-24 | 108.00 | 15 | 123(13.89%) | 30-Sep-2024 23:23 |
| 29-Sep-24 | 108.00 | 25 | 133(23.15%) | 29-Sep-2024 23:30 |
| 28-Sep-24 | 108.00 | 25 | 133(23.15%) | 28-Sep-2024 23:32 |
| 27-Sep-24 | 108.00 | 25 | 133(23.15%) | 27-Sep-2024 23:30 |
| 26-Sep-24 | 108.00 | 36 | 144(33.33%) | 26-Sep-2024 23:32 |
| 25-Sep-24 | 108.00 | 30 | 138(27.78%) | 25-Sep-2024 23:28 |
| 24-Sep-24 | 108.00 | 0 | 108(0.00%) | 24-Sep-2024 23:28 |
| 23-Sep-24 | 108.00 | 0 | 108(0.00%) | 23-Sep-2024 23:29 |
| 22-Sep-24 | 108.00 | 0 | 108(0.00%) | 22-Sep-2024 23:30 |
| 21-Sep-24 | 108.00 | 0 | 108(0.00%) | 21-Sep-2024 23:26 |
| 20-Sep-24 | 108.00 | 0 | 108(0.00%) | 20-Sep-2024 23:29 |
Forge Auto International IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 1,200 | ₹1.30 Lakh (1,29,600) |
Retail(Max) | 1 | 1,200 | ₹1.30 Lakh (1,29,600) |
HNI(Min) | 2 | 2,400 | ₹2.59 Lakh (2,59,200) |
About Forge Auto International Limited
Incorporated in 2001, Forge Auto International Limited is an engineering company that forges and manufactures complex, safety-critical, forged, and precision-machined components for the auto industry (automobiles, tractors, railways) and non-auto sectors (agriculture parts, hydraulic parts, striking tools).
The company serves its customers, including domestic and global original equipment manufacturers ("OEMs") engaged in manufacturing for both the automotive and non-automotive sectors. Its products are used across various industries by a diverse customer base.
The company's revenue from the sale of machined and forging products increased from ?10951.99 lakhs in Fiscal 2021 to Rs 17664.85 lakhs in Fiscal 2023, reflecting a 27% CAGR, demonstrating its heightened focus on its products.
The company manufactures short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies for commercial vehicles, railway bogies, tractors, agricultural equipment, and sledgehammers.
The company is certified with the following standards: ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems, OHSAS 18001:2007 for occupational health and safety management systems, IATF 16949:2016 for doing business with OEMs manufacturing components in the automotive industry, and ZED GOLD by the Government of India for sustainability with Zero Effect and Zero Defect.
Competitive Strength
- The company's manufacturing facility has an installed capacity of 20000MT for forging and 25 lakh units for the machining section.
- The company has long-standing relationships with its customers because of its commitment to quality, timely delivery, prompt payments, and adaptability.
- The company has obtained certifications by the Government of India for sustainability with zero effect and zero defect for its manufacturing facility.
As of March 31, 2024, the company has an in-house sales and marketing team of 14 employees.
As of March 31, 2024, the company has 366 permanent employees in various departments.
Forge Auto International IPO 's documents
Forge Auto International Limited Contact Details
Forge Auto International Limited
Village Mangarh,
KoharaMachhiwara Road
Ludhiana,-, 141001
Phone: +91- 8999999195
Email: [email protected]
Website: http://www.failtd.com/
Forge Auto International IPO 's Promoters
The promoters of the company are Parmod Gupta and Rajan Mittal.