Forge Auto International Ltd IPO
Since its inception in 2001, over a span of 23 years, our small unit has developed into well-equipped and professionally managed company. "Today we are reputed manufacturer for customized closed die Hot Forging in Carbon and Alloy Steel ranging from 1kg to 20 kg and Aluminium forging of any grade ranging from 500 gms to 6 Kg. Our focus is oriented on Forging, Heat Treatment, Surface Cleaning, Machining and Sub-Contracting activities as per customer requirements. We employ modern manufacturing tooling which ensures accuracy, quality and efficiency, resulting in cost competitiveness and customer satisfaction.
| Issue Open | 26-09-2024 |
| Issue Close | 30-09-2024 |
| Allotment Date | 01-10-2024 |
| Listing Date | 04-10-2024 |
| IPO Price Band | ₹102 to ₹108 |
| Minimum Share Bid | 1200 |
| Minimum Investment Amount | ₹129600 |
| Total Issue Size | 28,80,000 shares (up to ₹31.104 Cr) |
| Fresh Issue | 28,80,000 shares (up to ₹31.104 Cr) |
| Offer For Sale | - |
| Face Value | ₹10 Per Share |
| Employee Discount | - |
| Qualified Institutional Buyer [QIB] | 50% |
| High Networth Individual [HNI] | 15% |
| Retail Individual Investor [RII] | 35% |
| Listed on | NSE SME |
| Listing Date | 04-10-2024 |
| BSE Code | - |
| NSE Code | FORGEAUTO |
| ISIN Code | INE0YKW01013 |
| IPO Price | ₹ 108 |
| Lot Size | 1200 |
| Expected Listing Price | ₹ 110 to ₹ 125 |
| Book Profit | ₹ 135 |
| Stop Loss | ₹ 98 |
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| Financial Year | Total Asset | Total Revenue | Total Expenses | Profit |
|---|---|---|---|---|
| FY-2021 | - | - | - | - |
| FY-2022 | 56.77 | 134 | 130.25 | 2.64 |
| FY-2023 | 82.74 | 177.64 | 170.71 | 4.96 |
| FY-2024 | - | - | - | - |
| Earnings Per Share [EPS] | ₹ 6.17 |
| Price/Earnings [P/E] Ratio | 17.5 |
| Return on Net Worth [RoNW] | 29.89 % |
| Net Asset Value [NAV] | ₹ 41.51 Per Share |
| Application | Lot Size | Shares | Total Amount |
|---|---|---|---|
| Retail Min | 1 | 1,200 | ₹ 1,29,600 |
| Retail Max | 1 | 1,200 | ₹ 1,29,600 |
| Small HNI | 2 | 2,400 | ₹ 2,59,200 |
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