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.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are HVAX Technologies Limited IPO, Nexxus Petro Industries Limited IPO, Diffusion Engineers Limited IPO, Saj Hotels Limited IPO, Sahasra Electronics Solutions Limited IPO, Forge Auto International Limited IPO, Divyadhan Recycling Industries Limited IPO, Archit Nuwood Industries Limited.

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About Forge Auto International Limited

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. They primarily serve their customers comprising of domestic and global original equipment manufacturers (“OEMs”) engaged into manufacturing for both automotive sector and other nonautomotive sector, used across industries by a diversified base of customers.

They manufacture precision machined components as per customer specifications and International Standard catering to the requirements of various industry such as tractor, agriculture parts, railways, automobiles, commercial vehicle industry, 5th wheel industry, striking tools, hydraulic parts and castor wheel parts and other related industries. They also manufacture products such as short fork 325HS, long fork, flange yoke 325 HS used in commercial vehicles, ball stud, small ball stud used in railway bogies, gear blank with broach, gear blank without broach, stub axle assembly used in tractors, agricultural equipment, sledge hammers etc. Their product range can be broadly classified into different categories i.e. Automotive sector (i.e. used in the manufacturing of auto components such as tractors, light vehicles, heavy commercial vehicles etc.) and non- automotive sector (i.e. which are used in manufacturing of agricultural, industrial and striking tools etc.).

AUTOMOBILE SECTOR OUTLOOK
• The automobile component industry turnover stood at Rs. 5.6 lakh crore (US$ 69.7 billion) between 2022-23 the industry had revenue growth of 32.8% as compared to 2021-22. 
• Domestic OEM supplies contributed ~66% to the industry’s turnover, followed by domestic aftermarket (~12%) and exports (~22.3%), in FY23. 
• The component sales to OEMs in the domestic market grew by 39.5% to US$ 57.62 billion (Rs. 4.76 lakh crore). 
• Between 2022-23, exports of auto components grew by 5.2% to Rs. 1.61 lakh crore (US$ 19.49 billion). As per the Automobile Component Manufacturers Association (ACMA) forecast, automobile component exports from India are expected to reach US$ 30 billion by 2026. In FY22, India’s auto component Industry for the first time reached a trade surplus of US$ 700 million. 
• The aftermarket for auto components grew by 15% in 2022-23 reaching Rs. 85,333 crore (US$ 10.33 billion).
• Exports of auto components grew by 5.2% to Rs. 1.61 lakh crore (US$ 19.49 billion) in 2022-23 from Rs. 1.41lakh crore (US$ 19 billion) in 2021-22. In 2023-24 (April-July), the export value of auto components/parts was estimated at US$ 2.46 billion. 
• North America, which accounts for 32% of total exports, increased by 8%, while Europe and Asia, which account for 31% and 26% of total exports, increased by 3% and 4%, respectively. The key export items included drive transmission and steering, engine components, body/chassis, suspension and braking etc. 
• Exports of automobile components from India increased, at a CAGR of 11.89%, from US$10.83 billion in FY 16 to US$ 19 billion in FY22. 
• Auto component exports increased by 8.6% in H1 23 to US$9.6 billion (Rs.79,033crore) from US$8.3 billion (Rs.68,746crore) in H1 2021-22.
• The aftermarket for auto components grew by 15% in 2022-23 reaching Rs. 85,333 crore (US$ 10.33 billion). 
• By 2026, the automotive aftermarket segment in India is expected to reach US$ 32 billion. 
• India’s auto components aftermarket witnessed a 15% growth from US$ 8.70 billion in FY21 to US$ 10 billion in FY22. 
• Aftermarket turnover increased at a CAGR of 8.02% from US$ 8.70 billion in FY16 to US$ 10 billion in FY22 and is expected to reach US$ 32 billion by 2026. 
• The ‘Drive Transmission and Steering’ product category accounted for 21% of the aftermarket share followed by ‘Engine Components’, and ‘Electricals and Electronic Components’ with 19% and 18%, respectively. 
• To support local auto parts suppliers, the auto component sector has tied up with Tesla to manufacture electric vehicles in August 2021.

FORGE AUTO INTERNATIONAL LIMITED COMPETITIVE STRENGTHS
1. Integrated manufacturing operations with diversified product portfolio
2. Long-standing relationship
3. Experienced Promoters and senior management team
4. Quality Assurance and Standards
5. Track record of healthy financial performance

FORGE AUTO INTERNATIONAL LIMITED STRATEGIES
1. Expand our presence in the forging market
2. Focus on consistently meeting quality standards
3. Focus on Advanced Products
4. Expand capacity at our existing manufacturing facilities

FORGE AUTO INTERNATIONAL LIMITED RISK FACTORS & CONCERNS
1. They depend on a few suppliers for the supply of steel, their primary raw material.
2. The business is dependent on the performance of certain other industries which they are serving particularly automobile, tractors, railways, farm equipment etc.
3. The company has been recently formed by conversion of the erstwhile Partnership firm into the company, thus they have limited operating history as a Company which may make it difficult for investors to evaluate their historical performance or future prospects.
4. They depend on a limited number of customers for their revenue from operations.
5. They derive certain portion of the revenues from exports and are subject to risk of international trade.