Forge Auto International IPO Allotment Status

Summary

Forge Auto International IPO has received a strong response from investors, closing with a subscription of 49.28 times by 30th September 2024 at 5:21:59 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Retail Investors segment led the charge with a subscription of 61.95 times, followed closely by the Non-Institutional Investors (NII) category at 58.55 times.

The Qualified Institutional Buyers (QIB) portion demonstrated good engagement, subscribing 20.13 times. The Anchor Investors and Market Maker portions were fully subscribed. This strong response across all categories underscores the positive market sentiment towards Forge Auto International's offering and suggests optimistic investor expectations for the company's future performance.

How to Check Forge Auto International IPO Allotment Status:

How to Check Forge Auto International IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Bigshare Services Pvt Ltd (https://ipo.bigshareonline.com/)

Step 2: From the dropdown menu, select Forge Auto International IPO.

Step 3: Choose one of the following modes: PAN ID, Demat Account number, or Application number

Step 4: Enter the information relevant to the mode you have chosen.

Step 5: For security purposes, fill out the captcha accurately.

Step 6: Click "Submit."

How to Check Forge Auto International IPO Allotment Status on NSE SME?

On the website of the National Stock Exchange (NSE) SME, investors who placed a bid for the Forge Auto International IPO can monitor the allotment status:

Step 1: Visit the NSE SME website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)

Step 2: Look for the IPO Allotment Status section

Step 3: Select "Forge Auto International Limited" from the dropdown menu under "Company Name."

Step 4: Enter your application number and PAN ID.

Step 5: Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections.

Offer Required Information: Provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Forge Auto International IPO Timeline:

Forge Auto International IPO Subscription Status

Forge Auto International IPO received 49.28 subscriptions. By 30th September 2024 at 5:21:59 PM (Day 3), the public issue had been subscribed 61.95 times in the retail category, 20.13 times in the QIB category, and 58.55 times in the NII category.

Subscription Day 3 (as of 5:21:59 PM)
Total Subscription: 49.28 times
QIB: 20.13 times
NII: 58.55 times
Retail investors: 61.95 times
 

Subscription Day 2
Total Subscription: 11.27 times
QIB: 7.40 times
NII: 5.87 times
Retail investors: 15.79 times
 

Subscription Day 1
Total Subscription: 4.61 times
QIB: 6.55 times
NII: 2.35 times
Retail investors: 4.47 times
 

Forge Auto International IPO Details 

Forge Auto International's initial public offering (IPO) is a book built issue amounting to ₹31.10 crores. This offering consists of a fresh issue of 28.8 lakh shares.

The bidding process for the Forge Auto International IPO commenced on 26th September 2024 and concluded on 30th September 2024. The allotment results for this IPO are anticipated to be finalised on 1st October 2024. Furthermore, the shares of Forge Auto International are set to be listed on the NSE SME, with a provisional listing date scheduled for 4th October 2024.

The Forge Auto International IPO price band has been established between ₹102 and ₹108 per share. Investors must apply for a minimum lot size of 1200 shares, which requires a minimum investment of ₹129,600 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (2,400 shares), totalling ₹259,200.

Hem Securities Limited serves as the book running lead manager for the Forge Auto International IPO. Bigshare Services Pvt Ltd is designated as the registrar for this offering.