Forge Auto International Limited (NSE SME)
Sep 26, 2024 - Sep 30, 2024
Price | ₹102 - ₹108 |
Premium | ₹15 |
---|---|
Lot size | 1200 |
Allotment | Oct 1, 2024 |
Listing | Oct 4, 2024 |
Category | Lot(s) | Qty | Amount | Reserved |
---|---|---|---|---|
Retail | 1 | 1200 | 129600 | 798 |
HNI | 2 | 2400 | 259200 | 342 |
Last updated on 30-Sep-2024 17:01:02
Category | Offered | Applied | Times |
---|---|---|---|
QIB | 547200 | 11013600 | 20.13 |
NIB | 410400 | 24176400 | 58.91 |
RETAIL | 957600 | 59328000 | 61.95 |
Total | 1915200 | 94518000 | 49.35 |
Retail Apps | 49440 | © IPO Premium |
HNI Interest Cost Per Share (7 Days) | |||||
---|---|---|---|---|---|
@7% ₹8.54 | @8% ₹9.76 | @9% ₹10.98 | @10% ₹12.2 | @11% ₹13.42 | @12% ₹14.64 |
Forge Auto International IPO Details
Issue Size | 2,880,000 shares (aggregating up to ₹31.10 Cr) |
Fresh Issue | 2,880,000 shares (aggregating up to ₹31.10 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 8,040,000 |
Share holding post issue | 10,920,000 |
Market Maker portion | 146,400 shares Hem Finlease |
Forge Auto International IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50.00% of the Net Issue |
Retail Shares Offered | Not less than 35.00% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicator
KPI | Mar-24 | Mar-23 | Mar-22 |
---|---|---|---|
ROE | 35.76% | 32.78% | 21.53% |
ROCE | 17.60% | 24.82% | 18.43% |
RONW | 32.14% | 29.89% | 19.33% |
EPS (basic) | 10.21 | 7.58 | 4.04 |
P/E Pre IPO | 12.98 | ||
P/E Post IPO | 17.63 |
Company Financials
Forge Auto International Limited Financial Information (Restated Consolidated)
Period Ended | Mar-24 | Mar-23 | Mar-22 |
---|---|---|---|
Assets | 10,148.67 | 8,274.29 | 5,677.94 |
Revenue | 18,157.30 | 17,764.43 | 13,400.28 |
Profit After Tax | 668.88 | 496.29 | 264.34 |
Net Worth | 2,020.88 | 1,660.35 | 1,367.73 |
Reserves and Surplus | 1,276.88 | ||
Total Borrowing | 4,046 | 3,183.20 | 2,620.16 |
Amount in Lakhs |
About Company
Forge Auto International Limited, incorporated in 2001, operates in the engineering and manufacturing industry, focusing on producing forged and precision-machined components for both automotive and non-automotive sectors. Its key automotive products include short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies, while its non-automotive portfolio covers parts for agriculture, hydraulic tools, and striking tools. The company has demonstrated strong financial growth, with revenues increasing from ₹10,951.99 lakhs in FY 2021 to ₹17,664.85 lakhs in FY 2023, reflecting a robust 27% CAGR. Forge Auto's manufacturing capabilities include a forging capacity of 20,000 MT and a machining capacity of 2.5 million units. The company holds several key certifications, including ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, OHSAS 18001:2007 for occupational health and safety, IATF 16949:2016 for automotive industry standards, and ZED GOLD for sustainability. As of March 31, 2024, it employed 366 permanent staff across various departments.
Hem Securities Limited
Integrated Manufacturing Operations with a Diversified Product Portfolio: Forge Auto International offers a wide range of forged and precision-machined components, serving both automotive and non-automotive sectors, supported by robust forging and machining capacities.
Long-Standing Relationships: The Company has cultivated enduring relationships with key clients in both automotive and industrial sectors, ensuring consistent business growth and stability.
Experienced Promoters and Senior Management Team: Led by seasoned promoters and an experienced management team, Forge Auto benefits from industry expertise and strategic leadership, driving its operational success and market expansion.
Customer Concentration Risk: Forge Auto International relies on a limited number of customers for its revenue, and the loss of one or more could significantly impact its business and financial stability, as there are no long-term agreements in place.
No Binding Purchase Agreements: The Company lacks formal agreements or price commitments from customers, increasing the risk that clients may switch to competitors, potentially affecting business continuity.
Supplier Dependence: The Company relies heavily on a few suppliers for steel, its primary raw material, without definitive supply contracts, posing a risk of supply disruption that could adversely affect operations.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html