Forge Auto International SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Explore Forge Auto International IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

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Status
Listed
Biding Dates
26 Sep - 30 Sep 2024
Price Range
₹102 - ₹108
Issue Size
₹31.10 crore
Listed Price
₹1134.63%

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.

IPO Docs

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.

FieldsDetails
IPO Dates26 Sep - 30 Sep 2024
IPO Price Band₹102 - ₹108 per share
Fresh Issue28,80,000 shares
Offer For SaleNIL
Total IPO Size₹31.10 crore
Face Value₹10
Listing OnNSE

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.

EventDate
IPO Opening Date26 Sep 2024
IPO Closing Date30 Sep 2024
Basis Of Allotment01 Oct 2024
Refunds03 Oct 2024
Demat Transfer03 Oct 2024
IPO Listing Date04 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 Ended31st March 202131st March 202231st March 202331st March 2024
Total Income109.75134.00177.64181.57
Total Expenses107.52130.26170.71172.28
Net Profit/Loss1.612.644.966.69
NPM (*)1.461.992.813.71
Total Assets53.0756.7882.74101.49
Total Liabilities42.2043.1066.1480.68

* 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 Ended31st March 202131st March 202231st March 202331st March 2024
EPS4.014.047.5810.21
ROE (%)8.1738.6532.7835.76
ROCE (%)15.1813.0318.3617.60
D/E Ratio2.111.921.921.94
Current Ratio1.050.900.951.04
EBITDA MARGIN (%)5.565.416.397.62

* 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.

NameRevenueP/EEPSRoNWNAV
Forge Auto International Limited180.1210.5810.2132.1425.88
Balu Forge Industries Ltd559.8681.879.7416.9453.90
MM Forging Limited1,563.0710.3455.9417.11326.87
Happy Forging Limited1,358.2445.3226.7515.07171.17
Samrat Forgings Ltd.162.0362.345.959.4263.15

* 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 TypeSubscribed
Qualified Institutional Buyer (QIB)20.13
Non-Institutional Investor (NII/HNI)58.55
Retail Individual Investor (RII)61.95
Total49.28

* 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.

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