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Open
26 Sep 2024
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Close
30 Sep 2024
3
Allotment
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Listing
Fri, Oct 4, 2024
Price Band
₹102 to ₹108
Issue Size
28,80,000 shares (agg. up to ₹31 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, Oct 4, 2024
Latest GMP
₹15
Est. Gain
13.89%
✦ AI Insight
GMP Trend
04-10-2024₹15Est. ₹123+13.89%
03-10-2024₹15Est. ₹123+13.89%
02-10-2024₹15Est. ₹123+13.89%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 34.79x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 101.49 | 82.74 | 56.78 |
| Total Income | 181.57 | 177.64 | 134.00 |
| Profit After Tax | 6.69 | 4.96 | 2.64 |
| NET Worth | 20.21 | 16.60 | 13.68 |
| Reserves and Surplus | 12.77 | ||
| Total Borrowing | 40.46 | 31.83 | 26.20 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Mandeep Auto Industries Ltd. | SME | ₹25.25 Cr | ₹67 | 10.15 | ₹65.35 | -2.46% | ₹20.15 (+4.40%) |
| Emmforce Autotech Ltd. | SME | ₹53.90 Cr | ₹98 | 33.5 | ₹195.51 | +99.50% | ₹175.65 (-1.15%) |
| Thaai Casting Ltd. | SME | ₹47.20 Cr | ₹77 | 25.99 | ₹195.15 | +153.44% | ₹125.20 (+9.82%) |
| New Swan Multitech Ltd. | SME | ₹33.11 Cr | ₹66 | 9.32 | ₹131.67 | +99.50% | ₹44.50 (-3.78%) |
| Kross Ltd. | Mainboard | ₹500.00 Cr | ₹240 | 28.93 | ₹259.81 | +8.25% | ₹187.27 (+0.56%) |
| ASK Automotive Ltd. | Mainboard | ₹833.91 Cr | ₹282 | 45.63 | ₹310.10 | +9.96% | ₹485.00 (+2.47%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 19.00 |
| 2 | Repayment of certain borrowing availed by our Company, in part or full | 5.00 |
| 3 | General Corporate Purpose | 4.29 |
About Forge Auto International IPO
Incorporated in 2001, 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's revenue from the sale of machined and forging products increased from ?10951.99 lakhs in Fiscal 2021 to Rs 17664.85 lakhs in Fiscal 2023, reflecting a 27% CAGR, demonstrating its heightened focus on its products. 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 s
Contact Details
Forge Auto International Ltd. AddressVillage MangarhKoharaMachhiwara RoadLudhiana, Punjab, 141001+91- 8999999195sm@aint.inVisit Website