Forge Auto International Limited

26 Sep 2024 - 30 Sep 2024 Individual Category SME NSE

Min Investment

₹244800

Price Band

₹102-₹108

Issue Size

20.62 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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26 Sep 2024

Open Date

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30 Sep 2024

Close Date

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01 Oct 2024

Allotment Date

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04 Oct 2024

Listing Date

Forge Auto International is open for subscription from Thursday, September 26, 2024, and closes on Monday, September 30, 2024. The price band for this IPO is set at Rs 102 – Rs 108 per share. Forge Auto International IPO is offering a fresh issue of 28.80 lakh equity shares worth up to Rs 31.10 crore. The allotment for this new IPO is expected to be finalised on Tuesday, October 1, 2024. The listing of this IPO will be done on Friday, October 4, 2024, at the NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 1200 shares. For retail investors, the minimum and maximum investment amount required is Rs 129,600. However, for the HNI category, the minimum lot size is 2 lots, i.e., 1200 shares amounting to Rs 259,200. The IPO is managed by Hem Securities Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

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About Forge Auto International Limited

Forge Auto International Limited, incorporated in the year 2001, is an engineering company specialising in forging and manufacturing complex, safety-critical, precision-machined components. The company caters to the automobile and non-automotive sectors. Their products find application in automobiles, tractors, railways, agriculture, and hydraulics for a clientele of original equipment manufacturers, both domestic and international. Revenue has increased manyfold from Rs 10,951.99 lakhs from Fiscal 2021 to Rs 17,664.85 lakhs in Fiscal 2023 through products like forging and machining. Being ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007 certified with IATF 16949:2016, and ZED GOLD certification by the Government of India, Forge Auto has clearly dedicated itself to quality, sustainability, and zero defects in manufacturing.

Founded

2001

Managing Director

Parmod Gupta and Rajan Mittal

Parent Organization

IPO Objectives

The Net Proceeds are proposed to be used for the following purposes: meeting working capital requirements, repaying specific borrowings availed by the company, and addressing general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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