IPO Trending
FORGEAUTOSME / NSEListed
Forge Auto International

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.

DRHPANCHOR
₹102 - ₹10849.35x sub
Listed Price₹113.00
Listing Gain+4.63%

IPO Schedule & Timeline

Bookbuilding IPO
Open26 Sep 2024
Close30 Sep 2024
Allotment01 Oct 2024
Listing04 Oct 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB5,47,200 shares
28.57%
HNI4,10,400 shares
21.43%
Retail9,57,600 shares
50%

Minimum Application Lots

Retail1 Lot (1,200 shares)
₹1,29,600
HNI2 Lots (2,400 shares)
₹2,59,200

Company Promoters

Parmod GuptaRajan Mittal

Company Background

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 sh...

Lead Managers & Bankers

Hem Securities Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-24)₹18157.3 Cr
Growth+35.5%
Revenue Trend (₹ in Crores)
0.07.0k13.9k20.9kMar-22Mar-23Mar-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2418,157.30668.8810,148.674,046
Mar-2317,764.43496.298,274.293,183.20
Mar-2213,400.28264.345,677.942,620.16

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-2410.2135.76%17.60%12.9817.63
Mar-237.5832.78%24.82%00
Mar-224.0421.53%18.43%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
01 Oct 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
04 Oct 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Forge Auto International. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization01 Oct 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date04 Oct 2024Trading commences on exchange

How to Check Forge Auto International Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Forge Auto International from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Forge Auto International IPO

Complete issue overview for Forge Auto International (FORGEAUTO) IPO. The issue features an equity share price band of ₹102 – ₹108 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,29,600). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions