Forge Auto International IPO

Forge Auto International Ltd

₹1,22,400 /1200 sharesMinimum Investment

Forge Auto International IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹108.00₹113.00₹5.00 (4.63%)

Forge Auto International IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Sep ‘24 - 30 Sep ‘24₹1,22,4001,200₹102 - ₹108
Issue SizeIPO Doc
31.10Cr
RHP PDF

About Forge Auto International

Forge Auto International is an engineering company that is involved in forging and manufacturing safety-critical components. These components include large and small rings, big ball studs, gear blanks with broach, stub axle assemblies, and flange yokes. The company serves the automotive and non-automotive industry sectors. The company’s primary customer base consists of both domestic and global original equipment manufacturers (OEMs). The company’s product portfolio can be broadly divided into two categories: components for the automotive sector, which are used in the manufacturing of vehicles such as tractors, light vehicles, and heavy commercial vehicles, and products for the non-automotive sectors, including components used in agriculture, industrial machinery, and tools.;
Founded in
2001
Managing director
Mr. Rajan Mittal
Parent organisation
Forge Auto International Ltd

Strengths & Financials of Forge Auto International

Strengths
Risks
Forge Auto International claims that its manufacturing facility is equipped with advanced machinery, including medium-frequency induction heating equipment, CNCs, vertical milling centres (VMCs), hydraulic surface grinders with all accessories, HMI screw presses, shot blasting machines, and electric screw presses with capacities of 1,000 MT and 1,600 MT.
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems, and OHSAS 45001:2018 certified for occupational health and safety management systems.
Forge Auto International also holds IATF 16949:2016 certification for its work with OEMs in the automotive industry and has received the ZED GOLD certification from the Government of India for sustainability.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 132.88 crore in FY22 to Rs 176.65 crore in FY23 to Rs 180.12 crore in FY24, while PAT increased from Rs 2.64 crore in FY22 to Rs 4.96 crore in FY23 to Rs 6.69 crore in FY24.

Forge Auto International Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Forge Auto International IPO

Apply asPrice bandApply upto
Regular102 - 108₹2 Lakh
High Networth Individual102 - 108₹2 - 5 Lakh
For Forge Auto International IPO, eligible investors can apply as Regular.
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