Forge Auto International Limited

Company Profile
Company Name Forge Auto International Limited
Open Date 26-09-2024
Close Date 30-09-2024
Exchange NSE SME
Lot Size 1,200 Shares
Issue Price ₹102 to ₹108 per share
Issue Size 2,880,000 shares
Application Amount ₹129,600 (1,200 shares)
Recommendation Apply
Established in 2008, the company has their registered office in Ludhiana, Punjab, India. Business Activity: Forge Auto International Limited is an engineering company specializing in forging and machining components for various sectors like automotive, agriculture, and railways. They focus on delivering high-quality, precision-machined products to both domestic and international OEMs. Revenue Streams: The company's revenue is primarily concentrated in the domestic market, accounting for 94.25% of total sales in FY 2023-24. However, they also export to countries like France, Germany, Poland, Brazil, Austria, Turkey, and the USA. Revenue is primarily driven by auto parts (51.74% in FY24), followed by tractor parts (27.37%) and hydraulic parts (3.96%). Clients: Forge Auto serves both domestic and global OEMs, showcasing its ability to meet international quality standards. As of March 2024, the Company had 366 employees on it’s payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 13,287.85 17,664.85 18,011.72
EBITDA 721.67 1,138.88 1,451.42
Net Profit 264.34 496.30 668.88
RoCE 26.98% 39.12% 28.70%
ROE 19.33% 29.89% 32.14%
P/E 26.73 14.25 26.56

Tentative Timeline

Opening Date 26-09-2024
Closing Date 30-09-2024
Basis of Allotment 01-10-2024
Initiation of Refunds 03-10-2024
Credit of Shares to Demat 03-10-2024
Listing Date 04-10-2024

Objects of the Issue

Funding Working Capital requirements.
Repayment in full or in part, of certain of the outstanding borrowings.
General Corporate Purposes

Contact Information

Registered Office Forge Auto International Limited Village Mangarh, KoharaMachhiwara Road Ludhiana,-, 141001
Phone +91- 8999999195
Email sm@aint.in
Website http://www.failtd.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Anchor Investor Shares Offered 8,18,400 (28.42%)
Market Maker Shares Offered 1,46,400 (5.08%)
QIB Shares Offered 5,47,200 (19%)
NII (HNI) Shares Offered 4,10,400 (14.25%)
Retail Shares Offered 9,57,600 (33.25%)
Total Shares Offered 28,80,000 (100%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 100.00%
Shareholding Post Issue (Promoters) 73.63%

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