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
Overall Subscription
49.35x
Total Demand
QIB Multiplier
20.13x
Institutions & Funds
NII / HNI
58.91x
High Net-Worth
Retail (RII)
61.95x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 547,200 | 11,013,600 | 20.13x |
| NIB | 410,400 | 24,176,400 | 58.91x |
| RETAIL | 957,600 | 59,328,000 | 61.95x |
| Total | 1,915,200 | 94,518,000 | 49.35x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 840 | 52,038 | 61.95x |
| HNIs (10L +) | 5 | 295 | 58.91x |
| HNIs (2-10L) | 26 | 1,532 | 58.91x |
| Total Applications | 871 | 53,865 | 61.84x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Forge Auto International Limited Public Issue & Market Profile
Forge Auto International Limited is bringing an initial public offering (IPO) in the Automotive & Auto Components sector with an aggregate issue size of ₹31.1 Crores. The shares are offered at a price band of ₹102 to ₹108 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,29,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-03, while un-allotted funds or UPI block mandates will be released on 2024-10-02.
Frequently Asked Questions
What is Forge Auto International Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Forge Auto International Limited IPO is ₹15 per equity share. Based on the upper price band of ₹102 to ₹108 per equity share, the estimated listing price is ₹123 (+13.9% expected listing gain).
What is the expected profit per lot for Forge Auto International Limited IPO?
With a lot size of 1200 shares and current GMP of ₹15, the expected profit per application lot is approx ₹18,000 (+13.9% gain). Minimum application cost is approx ₹1,29,600.
What is the issue size and price band for Forge Auto International Limited IPO?
The Forge Auto International Limited IPO aggregate issue size is ₹31.1 Crores with an equity price band set at ₹102 to ₹108 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,29,600.
How can I check Forge Auto International Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 49.35x (Retail: 61.95x, QIB: 20.13x, NII: 58.91x). You can track live multiples directly on our dedicated subscription page.
Where and when will Forge Auto International Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-10-01. Investors can verify status using PAN card or application number.
When is the listing date for Forge Auto International Limited IPO?
Forge Auto International Limited shares are scheduled to list on NSE on 2024-10-04.