Forge Auto International Limited IPO GMP

Forge Auto International is an engineering company engaged into forging and manufacturing of complex and safety critical, forged and precision machined components such as big ring, small ring, big ball stud, gear blank with broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc.

Forge Auto, an Book Built Issue amounting to ₹31.10 Crores, consisting entirely an Fresh Issue of 28.80 Lakh Shares. The subscription period for the Forge Auto IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment is expected to be finalized on or about Tuesday, October 01, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, October 04, 2024.

The Share price band of Forge Auto IPO is set at ₹102 to ₹108 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹1,29,600, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹2,59,200.

HEM SECURITIES LIMITED is the book-running lead manager, Bigshare Services Private Limited is the registrar for the Issue. Hem Finlease Private Limited is the sole Market Marker for the Forge Auto.

Forge Auto International Limited IPO GMP Today
The Grey Market Premium of Forge Auto International Limited IPO is expected in the range of ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Forge Auto International Limited IPO Live Subscription Status Today: Real-Time Updates
As of 06:56 PM on 30 September 2024, the Forge Auto International Limited IPO live subscription status shows that the IPO subscribed 45.87 times on its Third day of subscription period. Check the Forge Auto International Limited IPO Live Subscription Status Today at NSE.

Forge Auto International Limited IPO Anchor Investors Report
Forge Auto International has raised ₹8.83 Crore from Anchor Investors at a price of ₹108 per shares in consultation of the Book Running Lead Managers. The company allocated 8,19,400 equity shares to the Anchor Investors. Check Full list of Forge Auto International Anchor Investors List

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Forge Auto International Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Forge Auto IPO allotment date is 01 October, 2024, Tuesday. Forge Auto IPO Allotment will be out on 1st October 2024 and will be live on Registrar Website from the allotment date. Check Forge Auto International Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Forge Auto International Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Forge Auto International Limited IPO
Forge Auto Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1900.00 Lakhs will be used to meet Working Capital requirements 
2. ₹500.00 Lakhs will be used for Repayment of certain borrowing availed by our Company, in part or full 
3. General Corporate Purpose

Refer to Forge Auto International Limited RHP for more details about the Company.