Listed Price₹113.00
Listing Gain+4.63%
Price Band₹102 - ₹108
Lot Size1,200 shares
Min Bid₹1,29,600
Subscription49.35x
Listed Market Snapshot
₹113.00Listed price from market data
+4.63%listing gain
Issue Amount
₹31.1 Cr
Listed Price
₹113.00
Current Price
₹94.9
Registrar
Bigshare Services Private Limited
Timeline•Bookbuilding IPO
Open26 Sep 2024
Close30 Sep 2024
Allotment01 Oct 2024
Listing04 Oct 2024
Quota Reservation Portions
QIBPortion: 5,47,200 shares
28.57%HNIPortion: 4,10,400 shares
21.43%RetailPortion: 9,57,600 shares
50%Minimum Application Bracket Matrix
Retail1 lots / 1,200 shares
₹1,29,600HNI2 lots / 2,400 shares
₹2,59,200About the Company
Forge Auto International Limited, incorporated in 2001, is engaged in the engineering and manufacturing of forged and precision-machined components for automotive and non-automotive sectors, producing items like forks, flange yokes, ball studs, gear blanks, stub axle assemblies, and components for agriculture, hydraulic and striking tools. The company has shown strong growth, with revenue rising from ₹10,951.99 lakhs in FY 2021 to ₹17,664.85 lakhs in FY 2023, posting a 27% CAGR. With a forging capacity of 20,000 MT and a machining capacity of 2.5 million units, Forge Auto holds key certifications such as ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, IATF 16949:2016, and ZED GOLD, and as of March 31, 2024, it had 366 permanent employees.
Company Promoters
Parmod GuptaRajan Mittal
Lead Managers
Registrar
Bigshare Services Private Limited