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Bidding Date
26-Sep-2024 to
30-Sep-2024
Issue Size
₹31.1 Cr
Price Band
₹102 to ₹108
Allotment date
01-Oct-2024
Listing date
04-Oct-2024
Lot size
1200
No. of shares
28,80,000
Fresh issue/OFS
₹31.1 Cr /--
Forge Auto International Limited is an engineering company specializing in forging and manufacturing precision-machined components and safety-critical parts. These include large rings, small rings, ball studs, gear blanks, stub axle assemblies, and flange yokes, which cater to both automotive and non-automotive sectors. Founded in 2001 as a partnership firm, the company initially entered the forging sector and gradually expanded its operations over the years. The company serves domestic and international Original Equipment Manufacturers (OEMs) across industries like automotive, agriculture, railways, and hydraulic machinery. As of 2024, it has established a robust forging capacity of 20,000 MTs and a machining capacity of 2.5 million units annually.
Category
Status
QIBs
--
NIIs
--
Retail
--
Others
--
Total
45.8x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Value 360 Communications | 95 - 98 | 04-May-2026 to 06-May-2026 |
| OnEMI Technology Solutions | 162 - 171 | 30-Apr-2026 to 05-May-2026 |
| Recode Studios | 150 - 158 | 05-May-2026 to 07-May-2026 |
| Amba Auto Sales And Services | 130 - 135 | 27-Apr-2026 to 29-Apr-2026 |
The issue size of Forge Auto International is ₹31.10 Cr.
Forge Auto International falls into Metal Processing industry.
The Forge Auto International IPO will be listed on BSE.
The open and close dates for the Forge Auto International are 26-Sep-2024 & 30-Sep-2024.
The price band for the Forge Auto International ipo is ₹102 to ₹108
The listing date of Forge Auto International IPO is 04-Oct-2024.
The purpose of this IPO is to raise fresh capital.
Forge Auto International total subscription ratio is 45.8X.
Key financial of the Forge Auto International are:
| Forge Auto International | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 180.12 | 176.65 | 132.88 |
| EBIT (₹ Cr) | 11.94 | 9.33 | 5.42 |
| Proft after Tax (₹ Cr) | 6.69 | 4.96 | 2.64 |
| Debt (₹ Cr) | 40.46 | 31.83 | 26.2 |
| Net Worth (₹ Cr) | 20.81 | 16.6 | 13.68 |
| RoE (%) | 32.14 | 29.88 | 19.3 |
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