Forge Auto International Limited
ListedSMEAutomotive & Auto Components · NSE
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.
Price Band
₹102 – ₹108
Issue Size
₹31.10 Cr
Lot Size
1200 shares
GMP
₹15
+13.9%
Est. Listing
₹123
at current GMP
Subscribed
49.35x
overall
Open
26 Sep 2024
Close
30 Sep 2024
Allotment
1 Oct 2024
Refund
2 Oct 2024
Demat Credit
3 Oct 2024
Listing
4 Oct 2024
Last updated 12 days ago
Key Highlights
- •Leading player in the Automotive & Auto Components segment
- •Price band established at ₹102 - ₹108 per equity share
- •Minimum bid lot is 1200 shares
- •Estimated listing target of ₹123 based on current grey market activity