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Forge Auto International IPO

  • Status: Closed
  • RHP:
  • ₹ 122,400 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    04 Oct 2024

  • Listing Price

    ₹ 113.00

  • Listing Change

    -

  • Last Traded Price

    ₹ 83.00

IPO Details

  • Open Date

    26 Sep 2024

  • Close Date

    30 Sep 2024

  • IPO Price Range

    ₹ 102 - ₹ 108

  • IPO Size

    ₹ 31.10 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    04 Sep 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Forge Auto International IPO Subscription Status

Last Updated: 01 October 2024 9:38 AM by 5Paisa

Forge Auto International IPO is set to open on 26 September 2024 and will close on 30 September 2024. Frge Auto International is an engineering company that creates complex and safety critical forged and precision machined components for the automotive industry as well as for non auto sectors.

The IPO includes a fresh issue of 28.8 lakh shares aggregating ₹31.10 Cr and it does not include OFS. The price range is set between ₹102 - ₹108 per share and the lot size is 1200 shares. 

The allotment is scheduled to be finalized on 1 October 2024. It will go public on NSE SME, with a tentative listing date of 4 October 2024.

Hem Securities Limited is the book running lead manager, while Bigshare Services Pvt Ltd is the registrar.

Forge Auto IPO Size

Types Size
Total IPO Size ₹31.10 Cr
Offer For Sale -
Fresh Issue ₹31.10 Cr

 

Forge Auto IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹129,600
Retail (Max) 1 1200 ₹129,600
HNI (Min) 2 2,400 ₹259,200

 

Forge Auto IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 20.13 5,47,200 1,10,13,600 118.95
NII (HNI) 58.55 4,10,400 2,40,30,000 259.52
Retail 61.95 9,57,600 5,93,28,000 640.74
Total 49.28 19,15,200 9,43,71,600 1,019.21

 

Forge Auto IPO Anchor Allocation

Anchor Bid Date 25 September, 2024
Shares Offered 818,400
Anchor portion Size (In ₹ Cr.) 8.84
Anchor lock-in period end date for 50% shares (30 Days) 31 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 30 December, 2024

1. For working capital requirements
2. General corporate purposes  
3. Repayment of specific loans taken by the company.
 

Incorporated in 2001, Forge Auto International is an engineering company that produces complex and safety critical forged and precision machined components. They serve both the automotive industry including automobiles, tractors and railways and non auto sectors like agriculture and hydraulic parts.

The company supplies its products to domestic and global original equipment manufacturers (OEMs). They manufacture items like forks, flange yokes, ball studs, gear blanks and stub axle assemblies for various vehicles and equipment. Forge Auto is certified in several standards, including ISO 9001:2015 for quality, ISO 14001:2015 for environmental management and OHSAS 18001:2007 for occupational health and safety.

As of 31 March 2024, the company has a sales and marketing team of 14 employees and a total of 366 permanent staff members across different departments.


Peers

Balu Forge Industries Limited
MM Forging Limited
Happy Forgings Limited
Samrat Forgings Ltd

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 181.57 177.64 134
EBITDA 13.72  11.29  7.18
PAT 6.69 4.96 2.64
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 101.49 82.74 56.78
Share Capital 8.04  16.60  13.68
Total Borrowings 40.46 31.83 26.20
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 8.48   4.34  2.86
Net Cash Generated From / (used in) investing activities -10.77  -4.91 -3.54
Net Cash Generated From / (used in) financing activities 2.82  0.58 0.68
Net Increase (Decrease) In Cash And Cash Equivalents 0.53  0.01  -0.001


Strengths

1. The company has a comprehensive manufacturing process that allows it to produce a wide range of products. This diversification helps mitigate risks associated with reliance on a single product line and caters to various market demands.

2. The company has established strong, enduring relationships with clients and suppliers. These connections can lead to better collaboration, trust and repeat business, enhancing customer loyalty and stability.

3. The leadership team brings extensive experience and industry knowledge, which is crucial for navigating challenges and making informed strategic decisions. Their expertise can drive innovation and operational efficiency.
 

Risks

1. Fluctuations in market demand for products, driven by economic conditions or changes in customer preferences, could impact sales and profitability.

3. Changes in the prices of raw materials can affect production costs and profit margins. Sudden increases in costs may not be easily passed on to customers, leading to financial strain.

4. Rapid advancements in technology could pose a risk if the company fails to keep up with industry trends. Inability to adopt new technologies or innovative products may lead to a loss of competitive advantage and market share.
 

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FAQs

Forge Auto International IPO opens from 26 September to 30 September 2024.

The size of the Forge Auto International IPO is ₹31.10 Cr.

The price of the Forge Auto International IPO is fixed between ₹102 -₹108 per share. 

To apply for Forge Auto International IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Forge Auto International IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Forge Auto International IPO is 1200 shares and the investment required is ₹1,22,400.

The share allotment date of Forge Auto International IPO is 1 October 2024.

The Forge Auto International IPO will be listed on 4 October 2024.

Hem Securities Limited is the book running lead manager for Forge Auto International IPO.
 

Forge Auto International plans to utilize the raised capital from the IPO for:

1. For working capital requirements
2. General corporate purposes  
3. Repayment of specific loans taken by the company.