The Forge Auto International Limited located in Village Mangarh, Kohara Machhiwara Road, Ludhiana, Punjab, India, 141001 and it’s about foreign and manufacturing of complex and safety critical ,forged and precision machined components like large and small rings, substantial ball stud, gear blank with broach, stub axle assembly flange yoke 325HS, catering to various industry sectors such as auto industry including automobiles, tractor, railways etc.
The company’s main motto is about customer satisfaction ,therefore they manufacture precision machined components as per customer requirements from cautious industries such as tractor, agriculture parts, railways, automobiles, commercial vehicle industry, 5th wheel industry, striking tools, hydraulic parts and castor wheel parts and other related industries. The company’s revenue from sale of machined and forging products has increased from ₹109.52 Cr. in Fiscal 2021 to ₹176.65 Cr. in Fiscal 2023, at a CAGR of 27% which demonstrates our increased focus on our products. Their continued endeavor to increase value addition through focus on products with higher machining intensity, has enabled us to increase their realization and in Fiscal 2023, 2022 and 2021, our EBITDA margin was 7.01%, 6.28% and 5.56% respectively.
Forge Auto International IPO price band is ₹102 to ₹108 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Forge Auto International IPO to list on NSE on October 4, 2024. The allotment of Forge Auto International IPO date is October 1, 2024.
The company reported revenue of ₹177.64 crores in 2023 against ₹134.00 crore in 2022. The company reported profit of ₹4.96 crores in 2023 against profit of ₹2.64 crores in 2022. As per the financials the IPO investors should apply the IPO for a long term.
Forge Auto International IPO Dates
The Forge Auto International IPO date is September 26 and the close date is September 30. The Forge Auto International IPO allotment will be finalized on October 1 and the IPO listing on October 4.
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Basis of Allotment: | October 1, 2024 |
| Refunds: | October 3, 2024 |
| Credit to Demat Account: | October 3, 2024 |
| IPO Listing Date: | October 4, 2024 |
Forge Auto International IPO Details
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹102 to ₹108 Per Share |
| Issue Size: | Approx ₹31.10 Crores |
| Fresh Issue: | Approx ₹31.10 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Forge Auto International IPO Market Lot
The Forge Auto International IPO minimum market lot is 1200 shares with ₹129,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹129,600 |
| Retail Maximum | 1 | 1,200 | ₹129,600 |
| HNI Minimum | 2 | 2,400 | ₹259,200 |
Forge Auto International IPO Company Financial Report
The company reported revenue of ₹177.64 crores in 2023 against ₹134.00 crore in 2022. The company reported profit of ₹4.96 crores in 2023 against profit of ₹2.64 crores in 2022.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹109.75 | ₹107.52 | ₹1.61 | ₹53.07 |
| 2022 | ₹134.00 | ₹130.26 | ₹2.64 | ₹56.78 |
| 2023 | ₹177.64 | ₹170.71 | ₹4.96 | ₹82.74 |
| Dec 2023 | ₹135.41 | ₹130.04 | ₹3.62 | ₹91.27 |
