Forge Auto International SME IPO Details, Financials, Valuation & Peers
Explore Forge Auto International IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Forge Auto International Limited is an engineering company specializing in forging and precision manufacturing of complex, safety-critical components for various industries. The company produces a diverse range of products, including large and small rings, ball studs, gear blanks, stub axle assemblies, and flange yokes, catering primarily to the automotive sector (commercial vehicles, tractors, and railways) as well as non-automotive industries like agriculture, hydraulic systems, and industrial tools. Established in 2001, the company has grown significantly, boasting a forging capacity of 20,000 MTs and machining capacity of 25 lakh units annually, with an extensive range of advanced machinery and testing equipment. Forge Auto International serves both domestic and international original equipment manufacturers (OEMs), exporting to several countries, including France, Germany, and the United States. The company has also diversified its product offerings into hydraulic components, castor wheels, and industrial goods to meet growing market demands.
Key Points:
- Business Scope: Engaged in the forging and manufacturing of critical components such as rings, ball studs, gear blanks, stub axle assemblies, and hydraulic parts.
- Industry Focus: Serves both the automotive sector (including vehicles, tractors, and railways) and non-automotive sectors (agriculture, industrial tools, hydraulic systems).
- Product Range: Includes automotive components (for light and heavy vehicles), agricultural and industrial parts, and safety-critical components like ball studs and gear blanks.
- Manufacturing Capacity: 20,000 MTs of forging capacity and 25 lakh units of machining capacity annually, using advanced machinery including CNCs, VMCs, and heat treatment furnaces.
Objects of the Issue
- To meet Working Capital requirements
- Repayment of certain borrowing availed by the Company, in part or full
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 26 Sep - 30 Sep 2024 |
| IPO Price Band | ₹102 - ₹108 per share |
| Fresh Issue | 28,80,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹31.10 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 26 Sep 2024 |
| IPO Closing Date | 30 Sep 2024 |
| Basis Of Allotment | 01 Oct 2024 |
| Refunds | 03 Oct 2024 |
| Demat Transfer | 03 Oct 2024 |
| IPO Listing Date | 04 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 109.75 | 134.00 | 177.64 | 181.57 |
| Total Expenses | 107.52 | 130.26 | 170.71 | 172.28 |
| Net Profit/Loss | 1.61 | 2.64 | 4.96 | 6.69 |
| NPM (*) | 1.46 | 1.99 | 2.81 | 3.71 |
| Total Assets | 53.07 | 56.78 | 82.74 | 101.49 |
| Total Liabilities | 42.20 | 43.10 | 66.14 | 80.68 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 4.01 | 4.04 | 7.58 | 10.21 |
| ROE (%) | 8.17 | 38.65 | 32.78 | 35.76 |
| ROCE (%) | 15.18 | 13.03 | 18.36 | 17.60 |
| D/E Ratio | 2.11 | 1.92 | 1.92 | 1.94 |
| Current Ratio | 1.05 | 0.90 | 0.95 | 1.04 |
| EBITDA MARGIN (%) | 5.56 | 5.41 | 6.39 | 7.62 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Forge Auto International Limited | 180.12 | 10.58 | 10.21 | 32.14 | 25.88 |
| Balu Forge Industries Ltd | 559.86 | 81.87 | 9.74 | 16.94 | 53.90 |
| MM Forging Limited | 1,563.07 | 10.34 | 55.94 | 17.11 | 326.87 |
| Happy Forging Limited | 1,358.24 | 45.32 | 26.75 | 15.07 | 171.17 |
| Samrat Forgings Ltd. | 162.03 | 62.34 | 5.95 | 9.42 | 63.15 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 20.13 |
| Non-Institutional Investor (NII/HNI) | 58.55 |
| Retail Individual Investor (RII) | 61.95 |
| Total | 49.28 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- Parmod Gupta
- Rajan Mittal
Lead Managers
- HEM SECURITIES LIMITED
Company Address
Forge Auto International Limited
Village Mangarh, KoharaMachhiwara Road, Ludhiana, Punjab, India, 141001
Phone: +91- 8999999195
Email: sm@aint.in
Website: www.failtd.com
FAQs
- What is the issue size of the Forge Auto International SME IPO?The Forge Auto International SME IPO has an issue size of ₹31.10 crore. This includes a fresh issue of 28,80,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Forge Auto International IPO?The price band for the Forge Auto International IPO is ₹102 - ₹108 per share.
- What are the bidding dates for the Forge Auto International IPO?The Forge Auto International IPO will open for bidding on 26 Sep 2024 and close on 30 Sep 2024.
- What is the allotment date for the Forge Auto International IPO?The allotment date for the Forge Auto International IPO is 01 Oct 2024.
- What is the listing date for the Forge Auto International IPO?The listing date for the Forge Auto International IPO is 04 Oct 2024.
- What is the Forge Auto International IPO grey market premium?The grey market premium (GMP) for the Forge Auto International IPO is currently at ₹15, with an expected listing gain of approximately 13.89%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.