Forge Auto International Limited

IPO Details

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.