Forge Auto International Ltd
Price Range
₹102 - ₹108
Min. Quantity
1,200
Closes on
30 September 2024
Min. investment
₹1,29,600/1,200 Shares
Forge Auto International Ltd IPO Timeline
Forge Auto International Limited was originally formed as a Partnership Firm in the name and style of 'M/s Auto International' pursuant to Partnership Deed dated April 19, 2001. Later, the Firm was converted into a Private Company with the name Forge Auto International Private Limited' pursuant to a fresh Certificate of Incorporation dated April 25, 2023 issued by the Registrar of Companies, Chandigarh, Punjab. The Company subsequently converted into a Public Limited Company with the name Forge Auto International Limited' and a Fresh Certificate of Incorporation dated June 1, 2024 was issued by the Registrar of Companies, Central Processing Centre, Manesar, Gurgaon, Haryana.
| Event | Date |
|---|---|
| Forge Auto International Ltd IPO Opening Date | 26 September 2024 |
| Forge Auto International Ltd IPO Closing Date | 30 September 2024 |
| Basis of Allotment | 1 October 2024 |
| Initiation of Refunds | 3 October 2024 |
| Credit of Shares to Demat | 3 October 2024 |
| Forge Auto International Ltd IPO Listing Date | 4 October 2024 |
Forge Auto International Ltd IPO Details
| Forge Auto International Ltd IPO Date | 26 September 2024 to 30 September 2024 |
| Forge Auto International Ltd IPO Face Value | ₹10 per share |
| Forge Auto International Ltd IPO Price | ₹102 to ₹108 per share |
| Forge Auto International Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹31.1 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹31.1 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Pramod Gupta, Rajan Mittal |
Forge Auto International Ltd IPO Lot Size
The Forge Auto International Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,29,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,29,600 |
| Maximum | 1 | 1,200 | ₹1,29,600 |
- Strengths
- Risks
- Opportunities
- Integrated manufacturing operations with diversified product portfolio.
- Long-standing relationship.
- Experienced Promoters and senior management team.
- Track record of healthy financial performance.
Company Financials
Forge Auto International Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 101.49 | 181.57 | 6.69 |
| 03-2023 | 82.74 | 177.64 | 4.96 |
| 03-2022 | 56.78 | 134 | 2.64 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To meet working capital requirements
- Repayment of certain borrowings availed by the company in part or full
- General corporate purposes
Forge Auto International Ltd IPO Promoter Holding
| Pre Issue Share Holding | 45.92% |
| Post Issue Share Holding | 33.81% |
Forge Auto International Ltd IPO Subscription Status (Bidding Detail)
The Forge Auto International Ltd IPO is subscribed 0 times on 30 September 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | - |
Forge Auto International Ltd IPO Prospectus
Forge Auto International Ltd IPO Listing Date
| Listing Date | 4 October 2024 |
| BSE Script | 93283 |
| NSE Symbol | FORGEAUTO |
| Listing In | NSE - SME |
| ISIN | INE0YKW01013 |
| IPO Price | ₹108 |
| Face Value | ₹10 |
Company Contact Information
Village MangarhKohara Machhiwara Road,Ludhiana-141001
Phone: +91 89999 99195
Email: sm@aint.in
Website: www.failtd.com
Forge Auto International Ltd IPO Registrar
Forge Auto International Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Forge Auto International Ltd IPO?
I have pre-applied for Forge Auto International Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.