
Forge Auto International Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹15(13.89%)
Premium (ELP)
Forge Auto International Limited's successfully completed its Initial Public Offering and commenced trading on Oct 04, 2024 at the NSE exchange. The company raised 28,80,000 Shares through this public offering, comprising 28,80,000 Shares in fresh capital.
The IPO was priced within the band of ₹102 to ₹108, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Sep 26, 2024 to Sep 30, 2024.
Share allotment was finalized on Oct 01, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Forge Auto International Limited, incorporated in 2001, is engaged in the engineering and manufacturing of forged and precision-machined components for automotive and non-automotive sectors, producing items like forks, flange yokes, ball studs, gear blanks, stub axle assemblies, and components for agriculture, hydraulic and striking tools. The company has shown strong growth, with revenue rising from ₹10,951.99 lakhs in FY 2021 to ₹17,664.85 lakhs in FY 2023, posting a 27% CAGR. With a forging capacity of 20,000 MT and a machining capacity of 2.5 million units, Forge Auto holds key certifications such as ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, IATF 16949:2016, and ZED GOLD, and as of March 31, 2024, it had 366 permanent employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diversified Products & Integrated Manufacturing:Wide range of forged and precision-machined parts for both automotive and non-automotive sectors, backed by strong forging and machining capabilities.
- Strong Client Relationships:Long-term partnerships with key customers support stable growth and repeat business.
- Experienced Leadership:Led by seasoned promoters and a skilled management team, enabling strategic expansion and operational efficiency.
- Customer Concentration:Revenue depends on a few key customers, and there are no long-term contracts in place — losing any major buyer could impact performance.
- No Binding Purchase Orders:Lack of firm agreements or price commitments increases the risk of customers shifting to competitors.
- Supplier Dependence:Heavy reliance on a few steel suppliers without guaranteed contracts may lead to supply disruptions and affect production.
- Parmod Gupta
- Rajan Mittal
Forge Auto International Limited
Bigshare Services Private Limited
