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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹31.10 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹31.10 Cr |
| Fresh Issue | ₹29.52 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹102.00-108.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | FORGEAUTO |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in 2001, Forge Auto International Limited is an engineering company that forges and manufactures complex, safety-critical, forged, and precision-machined components for the auto industry (automobiles, tractors, railways) and non-auto sectors (agriculture parts, hydraulic parts, striking tools).
The company serves its customers, including domestic and global original equipment manufacturers ("OEMs") engaged in manufacturing for both the automotive and non-automotive sectors. Its products are used across various industries by a diverse customer base.
The company's revenue from the sale of machined and forging products increased from ?10951.99 lakhs in Fiscal 2021 to Rs 17664.85 lakhs in Fiscal 2023, reflecting a 27% CAGR, demonstrating its heightened focus on its products.
The company manufactures short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies for commercial vehicles, railway bogies, tractors, agricultural equipment, and sledgehammers.
The company is certified with the following standards: ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems, OHSAS 18001:2007 for occupational health and safety management systems, IATF 16949:2016 for doing business with OEMs manufacturing components in the automotive industry, and ZED GOLD by the Government of India for sustainability with Zero Effect and Zero Defect.
Competitive Strength
As of March 31, 2024, the company has an in-house sales and marketing team of 14 employees.
As of March 31, 2024, the company has 366 permanent employees in various departments.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 19.00 |
| 2 | Repayment of certain borrowing availed by our Company, in part or full | 5.00 |
| 3 | General Corporate Purpose | 4.29 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 101.49 | 82.74 | 56.78 |
| Total Income | 181.57 | 177.64 | 134.00 |
| Profit After Tax | 6.69 | 4.96 | 2.64 |
| NET Worth | 20.21 | 16.60 | 13.68 |
| Reserves and Surplus | 12.77 | ||
| Total Borrowing | 40.46 | 31.83 | 26.20 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 35.76% |
| ROCE | 17.60% |
| Debt / Equity | 1.94% |
| RoNW | 32.14% |
| PAT Margin | 3.71% |
| Price to Book Value | 4.17 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.32 | 6.13 |
| P/E (x) | 12.98 | 17.63 |
| Promoter Holding | 100% | 73.63% |
| Market Cap | ₹117.94 Cr. | |
