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Forge Auto International IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Ludhiana and caters to Engineering - Automotive sector. Hem Securities is the merchant banker of Forge Auto International IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th June 2024.
Forge Auto International IPO open date is 26th September 2024 and close date is 30th September 2024. IPO Allotment Date is 1st October 2024 and Listing date is 4th October 2024.Forge Auto International IPO size is Rs 31.10 Cr. crores with IPO price of Rs 108.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Forge Auto International IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Forge Auto International IPO.
Forge Auto International IPO anchor investors are the below investors. The number of anchor investors in this IPO is 7.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| FINAVENUE CAPITAL TRUST | 186,000.00 | ₹108.00 | ₹20,088,000.00 |
| Ashika Global Securities | 105,600.00 | ₹108.00 | ₹11,404,800.00 |
| Imap India Capital | 105,600.00 | ₹108.00 | ₹11,404,800.00 |
| J4S Venture Fund | 105,600.00 | ₹108.00 | ₹11,404,800.00 |
| Shine star build | 105,600.00 | ₹108.00 | ₹11,404,800.00 |
| Tattvam AIF Trust | 105,600.00 | ₹108.00 | ₹11,404,800.00 |
| Rajasthan Global Securities | 104,400.00 | ₹108.00 | ₹11,275,200.00 |
Forge Auto International IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Forge Auto International IPO, based in Ludhiana, operates in the Engineering - Automotive sector with a focus on engineering company that forges and manufactures complex, safety-critical, forged, and precision-machined components for the auto industry. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Forge Auto International IPO size is ₹ 31.10 Cr. Crores with fresh issue size of Rs 31.10 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Forge Auto International IPO is expected to be 1st October 2024, after the finalization of basis of allotment. Investors can check Forge Auto International IPO allotment status on the registrars website, Bigshare Services Private Limited. Forge Auto International IPO refund dates are 3rd October 2024.
Forge Auto International IPO is expected to be listed on 4th October 2024.
The upper price band for the Forge Auto International IPO is set at ₹ 108.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Forge Auto International IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Forge Auto International IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 30th September 2024. After submission, funds are blocked until the basis of allotment of Forge Auto International IPO is finalised.
The merchant banker for Forge Auto International IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Forge Auto International IPO RHP for further details.
The registrar for Forge Auto International IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Forge Auto International IPO through their official website or helpline.
Forge Auto International IPO was subscribed 49.28 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 31.10 Cr.
Avg IPO Size (Sector Based)
:
₹ 34.62 Cr.
Sector: Engineering - Automotive
SME IPO so far:
19
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Ludhiana
SME IPO so far:
5
Revenue (annualised):
₹ 1.80 cr.
PE
Ratio:
17.63x
Average Sector PE Ratio: 19.15x
Forge Auto International IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Forge Auto International Financial Review Page
Merchant Banker(s) of Forge Auto International IPO: Hem Securities Limited
Forge Auto International IPO subscription was 49.28 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Forge Auto International IPO listed at a listing price of 109.35 against the offer price of 108.00.
The current market price of Forge Auto International is 73.20.
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