Forge Auto International
Listed
Listed
IPO Timeline
Issue open date
26 Sep 2024Issue close date
30 Sep 2024UPI mandate deadline
30 Sep 2024Allotment finalization
1 Oct 2024Refund initiation
3 Oct 2024Share credit
3 Oct 2024Listing date
4 Oct 2024Mandate end date
15 Oct 2024Lock-in end date for anchor investors (50%)
30 Oct 2024Lock-in end date for anchor investors (remaining)
29 Dec 2024Key Dates
Open
26 Sep 2024Close
30 Sep 2024Listing
4 Oct 2024Quick Stats
Issue Size:31cr
Lot Size:1200 shares
About the Company
Forge Auto International, founded in 2001, is a reliable manufacturer, Original Equipment Manufacturer (OEM) supplier, and exporter of drop-forged and machined components based in Ludhiana. The company supplies to well-known OEMs such as Sonalika, TAFE, Mahindra & Mahindra, CNH, Tata, Ashok Leyland, Isuzu, and Daimler in India, operating as a Tier 1 and Tier 2 supplier. In addition to serving the Indian market, Forge Auto International exports to countries like Poland, Germany, Denmark, Turkey, Brazil, and other European nations. The company is focused on growing its business by building partnerships with respected organizations.
Strengths
- Forge Auto International operates almost debt-free, with a cash conversion cycle of zero days.
- The company prioritizes sustainability, utilizing renewable energy, bio-lubricants, recycled materials, and energy-efficient production practices.
- It holds multiple certifications for quality, environmental management, and occupational health and safety.
- Advanced technology, such as CAD/CAM systems, 3D printing, and forging simulation software, is integrated into its manufacturing
Risks
- Volatility in raw material prices, such as carbon and alloy steel, can affect profitability.
- The auto parts industry is highly competitive, with significant pressure from imports.
- The industry is closely tied to the cyclical nature of the domestic automobile market.
- Risks related to international trade can also pose challenges for companies.
Forge Auto International IPO – Frequently Asked Questions
- The Forge Auto International IPO opens on September 26, 2024 and closes on September 30, 2024.
- The tentative listing date for the Forge Auto International IPO is October 4, 2024.
- You can apply for the Forge Auto International IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Forge Auto International, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Forge Auto International IPO is 1200 shares. Investors must apply for at least one lot (i.e., 1200 shares).