Forge Auto Limited upcoming IPO launching from September 26 to September 30, 2024, with shares priced between ₹102 and ₹108. The offering includes 28,80,000 equity shares, a lot size of 1,200 shares, and a maximum retail investment of ₹2,00,000. Join the 100% book-building process and explore this investment opportunity!
About Forge Auto Limited
Forge Auto Limited is a leading company specializing in the manufacturing and supply of auto components. The company has gained recognition for providing high-quality products to the automotive industry. Forge Auto is known for its technological advancements and reliable services, making it a key player in the auto component market.
IPO Details
- IPO Start Date: 26th September 2024
- IPO End Date: 30th September 2024
- Issue Price: ₹102 – ₹108 per equity share
- Face Value: ₹10 per equity share
- Lot Size: 1200 Shares
- Total Issue Size: 28,80,000 equity shares (including Market Maker portion of 1,46,400 equity shares and Anchor Investor Portion of 8,18,400 equity shares)
- Maximum Subscription for Retail Investor: ₹2,00,000
- Status: 100% Book Building
GMP Price (Grey Market Premium)
Forge Auto IPO GMP is ₹0 as of today.
Financial Summary
- Revenue from Operations: ₹18,011.72 lakhs in FY 2024, ₹17,664.85 lakhs in FY 2023, and ₹13,287.85 lakhs in FY 2022.
- Profit After Tax (PAT): ₹668.88 lakhs in FY 2024, ₹496.29 lakhs in FY 2023, and ₹264.34 lakhs in FY 2022.
- EBITDA: ₹1,371.77 lakhs in FY 2024, ₹1,128.55 lakhs in FY 2023, and ₹718.42 lakhs in FY 2022.
- EBITDA Margin: 7.62% in FY 2024, 6.39% in FY 2023, and 5.41% in FY 2022.
- PAT Margin: 3.71% in FY 2024, 2.81% in FY 2023, and 1.99% in FY 2022.
- Net Worth: ₹2,020.88 lakhs in FY 2024, ₹1,660.36 lakhs in FY 2023, and ₹1,367.73 lakhs in FY 2022.
- Total Borrowings: ₹4,046 lakhs in FY 2024, ₹3,182.69 lakhs in FY 2023, and ₹2,620.16 lakhs in FY 2022.
Promoters
| Name | Pre IPO Shares Held | Pre IPO % | Post IPO Shares Held | Post IPO % |
|---|---|---|---|---|
| Parmod Gupta | 36,92,000 | 45.92% | 36,92,000 | 33.81% |
| Rajan Mittal | 33,62,000 | 41.82% | 33,62,000 | 30.79% |
Promoter Group:
| Name | Pre IPO Shares Held | Pre IPO % | Post IPO Shares Held | Post IPO % |
|---|---|---|---|---|
| Rajan Mittal & Sons HUF | 8,64,000 | 10.75% | 8,64,000 | 7.91% |
| Parmod Kumar Gupta & Sons HUF | 1,10,000 | 1.37% | 1,10,000 | 1.01% |
Subscription Details
IPO Subscription Status
- Total Issue Size: 20,61,600 shares
- Total Bids Received: 69,31,200 shares
- Total Bids Received at Cut-off Price: 28,88,400 shares
- No. of Times Issue is Subscribed: 3.36 times
| Category | No. of Applications Received | No. of Shares Bid For |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 2 | 23,78,400 |
| Foreign Institutional Investors (FIIs) | – | – |
| Domestic Financial Institutions (Banks/FIs/Insurance Companies) | – | – |
| Mutual Funds | – | – |
| Others | 2 | 23,78,400 |
| Non-Institutional Investors (NIBs) | 114 | 7,56,000 |
| Individuals (Other than RIIs) | 114 | 7,56,000 |
| Retail Individual Investors (RIIs) | 3,164 | 37,96,800 |
| Total | 3,280 | 69,31,200 |
Important Dates
| Event | Date |
|---|---|
| Offer Start | 26th Sep 2024 |
| Offer End | 30th Sep 2024 |
| Allotment | To be announced |
| Refund Initiation | To be announced |
| Demat Transfer | To be announced |
| Listing | To be announced |
FAQs
- Forge Auto IPO GMP: The GMP will be updated closer to the listing date.
- Forge Auto IPO Listing Date: The expected listing date will be updated once confirmed.
- Forge Auto IPO Listing Price: The listing price will be determined on the day of listing.
- Forge Auto IPO Review: The IPO review will be updated based on market sentiment and investor response.
- Forge Auto IPO Price: The issue price is set at ₹102 to ₹108 per share.
- Forge Auto IPO Date: Active from 26th to 30th September 2024.
- Forge Auto IPO Review: A detailed review will be provided based on subscription data and market feedback.
