Forge Auto International Limited is an engineering company that forges and manufactures complex, safety-critical, forged, and precision-machined components for the auto industry (automobiles, tractors, railways) and non-auto sectors (agriculture parts, hydraulic parts, striking tools).
The company serves its customers, including domestic and global original equipment manufacturers (“OEMs”) engaged in manufacturing for both the automotive and non-automotive sectors. Its products are used across various industries by a diverse customer base.
The company manufactures short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies for commercial vehicles, railway bogies, tractors, agricultural equipment, and sledgehammers.
The company is certified with the following standards: ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems, OHSAS 18001:2007 for occupational health and safety management systems, IATF 16949:2016 for doing business with OEMs manufacturing components in the automotive industry, and ZED GOLD by the Government of India for sustainability with Zero Effect and Zero Defect.
As of March 31, 2024, the company has an in-house sales and marketing team of 14 employees.
As of March 31, 2024, the company has 366 permanent employees in various departments.
Forge Auto International IPO – Details
| IPO Opening Date | 26 September 2024 |
| IPO Closing Date | 30 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 28,80,000 Shares Worth ₹31.10 Crore Fresh Issue: 28,80,000 Shares Worth ₹31.10 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹102 – ₹108 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Forge Auto International IPO – Date Schedule
| IPO Open Date | 26 September 2024 |
| IPO Close Date | 30 September 2024 |
| Basis of Allotment | 01 October 2024 |
| Initiation of Refund | 03 October 2024 |
| Credit of Shares to Demat Account | 03 October 2024 |
| IPO Listing Date | 04 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Forge Auto International IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
| Retail (Max) | 1 | 1200 | ₹1,29,600 |
| HNI (Min) | 2 | 2400 | ₹2,59,200 |
Competitive Strengths
- Integrated manufacturing operations with diversified product portfolio.
- Long-standing relationship.
- Experienced Promoters and senior management team.
- Track record of healthy financial performance.
Company Promoters
- Parmod Gupta
- Rajan Mittal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 109.75 | 107.52 | 1.60 | 22.90 |
| 31 March 2022 | 134.00 | 130.25 | 2.64 | 26.20 |
| 31 March 2023 | 177.64 | 170.71 | 4.96 | 31.83 |
| 31 December 2023 | 135.40 | 130.03 | 3.62 | 32.28 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.76% |
| ROCE | 17.60% |
| Debt/Equity | 1.94 |
| RoNW | 32.14% |
| P/BV | 4.17 |
| PAT Margin (%) | 3.71 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.32 | 6.13 |
| P/E (x) | 12.98 | 17.63 |
Object Of The Issue
- To meet Working Capital requirements.
- Repayment of specific borrowing availed by the Company.
- General Corporate Purpose.
Forge Auto International IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.63% |
Forge Auto International IPO Prospectus
Company Contact Information
| Forge Auto International Limited Village Mangarh, KoharaMachhiwara Road Ludhiana,-, 141001 Phone: +91- 8999999195 Email: sm@aint.in Website: http://www.failtd.com/ |
Forge Auto International IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Forge Auto International IPO Lead Manager(s)
| 1. Hem Securities Limited |
Forge Auto International IPO FAQs
| What is Forge Auto International IPO? Forge Auto International IPO is an SME IPO. The issue is priced at ₹102 and ₹108 per equity share. The IPO is to be listed on NSE SME. |
| When Forge Auto International IPO will open? The IPO is to open on 26 September 2024 for QIB, NII, and Retail Investors. |
| What is Forge Auto International IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Forge Auto International IPO? You can apply Forge Auto International IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Forge Auto International IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Forge Auto International IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Forge Auto International IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Forge Auto International IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Forge Auto International IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Forge Auto International IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Forge Auto International IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Forge Auto International IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Forge Auto International IPO Size? Forge Auto International IPO size is ₹31.10 Crore. |
| What is Forge Auto International IPO Price Band? Forge Auto International IPO Price Band is ₹102 – ₹108. |
| What is Forge Auto International IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1200 Shares with ₹1,29,600 amount while the maximum bid is 1200 Shares with ₹1,29,600. |
| What is the Forge Auto International IPO Allotment Date? Forge Auto International IPO allotment date is 01 October 2024. |
| What is the Forge Auto International IPO Listing Date? Forge Auto International IPO listing date is 04 October 2024. The IPO is to be listed on NSE SME. |
