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SME IPO Status: Closed [26th Sep 2024 to 30th Sep 2024]
Forge Auto International IPO, a SME IPO of ₹31.10 Cr opens for subscription from 26-09-2024 to 30-09-2024. The IPO consists of ₹31.10 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 102.00-108.00 per share. You can apply to the Forge Auto International SME IPO for a minimum lot of 1200 shares amounting of Rs 129600.
The tentative listing date on the exchange (NSE SME) is 04-10-2024.Stay tuned with us to get more details about Forge Auto International SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 26th Sep 2024 |
| SME IPO Issue Closing Date: | 30th Sep 2024 |
| SME IPO Issue Price: | ₹102.00-108.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹31.10 Cr |
| Fresh Issue: | ₹31.10 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.63% |
| Allotment Status: | Allotment Status |
Get important updates regarding Forge Auto International SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Oct 2024 |
| Refunds Initiation* | 3rd Oct 2024 |
| Credit of Shares to Demat* | 3rd Oct 2024 |
| SME IPO Listing Date* | 4th Oct 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹102.00-108.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹129600 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹259200 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-10-2024 | 108.00 | 15 | 13700 | ₹123 (13.89%) | 3-Oct-2024 15:53 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Forge Auto International Limited was founded in April 2001. The company is an engineering company engaged in the forging and manufacturing of complex and safety critical forged and precision machined components such as large rings, small rings, large ball studs, gear blanks with broaches, stub axles, flange yokes 325 HS, destined for various industries such as automotive including cars, tractors, railroads etc. as well as non-automotive sectors such as agricultural parts, hydraulic parts, impact tools etc.
They manufacture precision-engineered components according to customer specifications and international standards to meet the requirements of various industries such as tractors, agriculture, railroads, automobiles, commercial vehicles, off-road vehicles, impact tools, hydraulic and steering wheel parts and other related industries.
They manufacture products such as short fork 325HS, long fork, flanged fork 325 HS used in commercial vehicles, ball studs, small ball studs used in railroad bogies, gear blanks with broach, gear blanks without broach, steering knuckles used in tractors, agricultural equipment and sledgehammers, etc. The product range can be broadly divided into different categories, namely the automotive sector (i.e. for the manufacture of automotive parts such as tractors, light vehicles, heavy commercial vehicles, etc.) and the non-automotive sector (i.e. for the manufacture of agricultural and industrial equipment, impact tools, etc.).
| Incorporation | Sector | IPO Issue Size | Website |
| 2001 | Castings & Forgings | ₹31.10 Cr | http://www.failtd.com/ |
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 547,200 (28.57%) | 410,400 (21.43%) | 957,600 (50%) | 1,915,200 | |
| 1 | 26th Sep 2024 19:32 | 6.55x | 2.35x | 4.47x | 4.61x |
| 2 | 27th Sep 2024 19:31 | 7.40x | 5.87x | 15.79x | 11.27x |
| 3 | 30th Sep 2024 18:21 | 20.13x | 58.55x | 61.95x | 49.28x |
Forge Auto International Limited's revenue increased by 2% and profit after tax (PAT) rose by 35% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 10,148.67 | 8,274.29 | 5,677.94 | |||||||||||||||||||||||||||
| Revenue | 18,157.3 | 17,764.43 | 13,400.28 | |||||||||||||||||||||||||||
| Profit After Tax | 668.88 | 496.29 | 264.34 | |||||||||||||||||||||||||||
| Net Worth | 2,020.88 | 1,660.35 | 1,367.73 | |||||||||||||||||||||||||||
| Reserves and Surplus | 1,276.88 | |||||||||||||||||||||||||||||
| Total Borrowing | 4,046 | 3,183.2 | 2,620.16 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Forge Auto International Limited | 10.21 | 10.21 | 25.88 | 12.98 | 32.14 | |
| Balu Forge Industries Limited | 9.8 | 9.74 | 81.87 | 16.94 | ||
| MM Forging Limited | 55.94 | 55.94 | 10.34 | 17.11 | ||
| Happy Forgings Limited | 26.78 | 26.75 | 45.32 | 15.07 | ||
| Samrat Forgings Ltd | 5.95 | 5.95 | 62.34 | 9.42 |
Last Updated on 03-Oct-2024 15:32:55
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Forge Auto International SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Forge Auto International SME IPO with Zerodha.
Alternate approch to apply in Forge Auto International SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Forge Auto International SME IPO Review and Important Updates
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To subscribe or apply in Forge Auto International SME IPO, you can use the following methods:
| Forge Auto International SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Forge Auto International SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Forge Auto International SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Forge Auto International SME IPO. Most of the Syndicate Banks provide access to apply in Forge Auto International IPO via ASBA process. You must have your net banking access, DP ID information to apply in Forge Auto International SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Forge Auto International SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Forge Auto International SME IPO Review and Important Updates
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Forge Auto International SME IPO is going to be list on 04-10-2024.
Other relevant questions:
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Forge Auto International SME IPO Allotment Date is 01-10-2024.
Other relevant questions:
Forge Auto International SME IPO share allotment date?Forge Auto International SME IPO allotment date?
