Forge Auto International Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 102 to ₹ 108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 28,80,000 shares (aggregating up to ₹ 31.10 Cr) |
| Fresh Issue | 28,80,000 shares (aggregating up to ₹ 31.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 80,40,000 |
| Shareholding post issue | 1,09,20,000 |
| Market Maker portion | 1,46,400 shares Hem Finlease |
About Forge Auto International Limited IPO, GMP, Details, Price, And Review
Forge Auto International Limited, it’s an engineering company. It is engaged in forging and manufacturing of complex and safety-critical, forged and precision machined components like the small rings, big rings, gear blank with the broach, big ball studs, flange yoke 325 HS, and stub axle assembly, thereby catering to the needs of varied industry sectors like,
• Auto industry, including automobiles, tractors, railways, etc.
• Non-auto sectors like agriculture parts, striking tools, hydraulic parts, etc.
The company is primarily focused on serving its domestic customers as well as the global original equipment manufacturers (“OEMs”) who remain engaged in manufacturing for the automotive sector and the nonautomotive sector, the results of which are used across varied industries and diversified customer bases.
Forge Auto International IPO Overview
• Issue Size: ₹31.10 crores
• Issue Type: Fresh issue of ₹28.8 lakh shares
• Price Band: ₹102 to ₹108 per share
• Minimum Lot Size: 1200 shares
• Subscription Period:
· Opening Date September 26, 2024
· Closing Date: September 30, 2024
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Hem Finlease
Forge Auto International Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Forge Auto International Limited was incorporated in the year 2001. As an engineering company, the company have been forging and manufacturing some safety-critical, complex, precision-machined, and forged components for the auto industry and the non-auto sectors.
Forge Auto International Limited serves customers, including global and domestic original equipment manufacturers (OEMs) engaged in producing for the non-automotive and automotive sectors. The company's products are used by a diverse customer base from varied industries.
Objectives of Forge Auto International IPO
-
The Net Proceeds from the issue of the shares have been proposed to be used for:
- 1. Meeting the requirements of Working Capital.
- 2. Specific company borrowing repayments.
- 3. General corporate purpose.
Forge Auto International IPO Review
The company is in the business of manufacturing complex and safety-critical, forged and precision machined components for auto, agri and other sectors. It posted steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears fully priced. Investors may park moderate funds for the long term.
Forge Auto International Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
18,157.3
₹ Crore
Profit After Tax
668.88
₹ Crore
Net Worth
2,020.88
₹ Crore
Total Borrowing
4,046
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 10,148.67 | 18,157.3 | 668.88 | 2,020.88 | 4,046 | ||||
| 31 Mar 2023 | 8,274.29 | 17,764.43 | 496.29 | 1,660.35 | 3,183.2 | ||||
| 31 Mar 2022 | 5,677.94 | 13,400.28 | 264.34 | 1,367.73 | 2,620.16 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹108 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹1513 and a lot size of 1200 shares.
Forge Auto International Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-04 | ₹108 | ₹15(13.89%) | - |
Forge Auto International Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.76% |
| ROCE | 17.60% |
| Debt/Equity | 1.94 |
| RoNW | 32.14% |
| P/BV | 4.17 |
| PAT Margin (%) | 3.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.32 | 6.13 |
| P/E (x) | 12.98 | 17.63 |
Frequently Asked Questions
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Competitive Strengths
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Forge Auto International Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |