Forge Auto International Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 25-09-2024 | 29-09-2024 | 10 per share | 108 | 1200 Shares | NSE SME | 2,880,000 shares (aggregating up to ₹31.10 Cr) | 0000-00-00 00:00:00 | 2024-09-30 18:30:00 | 2024-10-02 18:30:00 | 02-10-2024 |
About The Company
Forge Auto International IPO is a book built issue of Rs 31.10 crores. The issue is entirely a fresh issue of 28.8 lakh shares.
Forge Auto International IPO opens for subscription on September 26, 2024 and closes on September 30, 2024. The allotment for the Forge Auto International IPO is expected to be finalized on Tuesday, October 1, 2024. Forge Auto International IPO will list on NSE SME with tentative listing date fixed as Friday, October 4, 2024.
Forge Auto International IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹259,200.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 5678 | 13400 | 264 | 1367.73 | 0 | 2620.16 |
| 30-03-2023 | 8274 | 17764 | 496 | 1660.35 | 0 | 3183.2 |
| 30-03-2024 | 10149 | 18157 | 669 | 2020.88 | 1276.88 | 4046 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 20.13 |
| Non-Institutional Buyers | 58.55 |
| Retail Investors | 61.95 |
| Total | 49.28 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | 129600 |
| Retail (Max) | 1 | 1200 | 129600 |
| HNI (Min) | 2 | 2400 | 259200 |
IPO Listing Details
| Listing Date | 02-10-2024 |
| BSE Script Code | - |
| NSE Symbol | FORGEAUTO |
| ISIN | INE0YKW01013 |
| Final Issue Price | 108 |
Promoter holdings
Parmod Gupta and Rajan Mittal.
Contact Information of the Company
Forge Auto International Limited
Village Mangarh,
KoharaMachhiwara Road
Ludhiana,-, 141001
Phone: +91- 8999999195
Email: sm@aint.in
Website: http://www.failtd.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager
Hem Securities Limited (Past IPO Performance)