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15 Days Price Change

Forge Auto Intern IPO

Closing In

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WEBSITE Inc. Year: 2023 Industry: Forgings Listed Page

Profile
Issue Size --
Profile
Price Range 102  to  108 per share
Profile
Min Investment ₹108
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Forge Auto International Limited is a dynamic company specializing in the automotive sector, focusing on innovative solutions and advanced manufacturing processes. With a commitment to excellence, Forge Auto designs and produces a wide range of automotive components and systems that enhance vehicle performance and safety. The company prides itself on leveraging cutting-edge technology and industry best practices to meet the evolving demands of the automotive market. Forge Auto International emphasizes sustainability and efficiency in its operations, aiming to reduce environmental impact while delivering high-quality products. Its experienced team is dedicated to continuous improvement and customer satisfaction, ensuring strong relationships with clients and partners worldwide. By embracing innovation and quality, Forge Auto International Limited is positioned as a key player in the automotive industry, contributing to advancements that drive the future of transportation. Read More

Basic Info

Face Value 10 per share

Price 102  to  108 per share

P/E (x) 10.8

Sales( Cr.) 210

PAT( Cr.) 10

EPS 10

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Parmod Gupta Rajan Mittal

Pre Issue Share Holding 100%

Post Issue Share Holding 69.69%

Listing Details:

Listing Price: 113

Listing Gain: 4.42%

Current Price: 94.6

Gain On Issue: 94.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 26, 2024
Closing Date Sep 30, 2024
Allotment Oct 01, 2024
Refund Oct 02, 2024
Delivery of Shares Oct 02, 2024
Listing Date Oct 03, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 129,600
Retail (Max) 1 1200 129,600
S-HNI (Min) 2 2400 259,200
S-HNI (Max) 7 8400 907,200
B-HNI (Min) 8 9600 1,036,800

Objective of the Issue

1. To meet Working Capital requirements 2. Repayment of specific borrowing availed by the Company 3. General Corporate Purpose

Issue

Category Nos Bid Bid (x)
QIB 1440000 28987200 20.1x
NII 432000 25293600 58.6x
Retail 1008000 62445600 62x
EMP 0 0 0x
Total 2880000 141926400 49.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Forge Auto Intern Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 180 210
Other Income 1 3
Total Income 182 213
Total Expenditure 166 192
Operating Profit 16 21
Interest 4 4
Depreciation 3 3
Exceptional Income / Expenses 0 0
Profit Before Tax 9 13
Provision for Tax 3 4
Profit After Tax 7 10
Adjustments 0 0
Profit After Adjustments 7 10
Adjusted Earnings Per Share 8.3 8.7

Forge Auto Intern Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 21 58
Minority's Interest 0 0
Borrowings 14 11
Other Non-Current Liabilities 6 5
Total Current Liabilities 60 61
Total Liabilities 101 135
Fixed Assets 31 31
Other Non-Current Assets 8 12
Total Current Assets 62 92
Total Assets 101 135

Forge Auto Intern Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1
Cash Flow from Operating Activities 8 -7
Cash Flow from Investing Activities -11 -14
Cash Flow from Financing Activities 3 23
Net Cash Inflow / Outflow 0 1
Closing Cash & Cash Equivalent 1 2

Forge Auto Intern Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.32 8.73
CEPS(Rs) 11.52 11.6
DPS(Rs) 0 0
Book NAV/Share(Rs) 25.88 53.32
Core EBITDA Margin(%) 8.06 8.46
EBIT Margin(%) 7.44 8.29
Pre Tax Margin(%) 5.16 6.29
PAT Margin (%) 3.71 4.54
Cash Profit Margin (%) 5.14 6.03
ROA(%) 6.59 8.06
ROE(%) 32.14 24.11
ROCE(%) 21.86 22.41
Receivable days 48.24 39.24
Inventory Days 72.02 78.81
Payable days 105.94 90.18
PER(x) 0 7.09
Price/Book(x) 0 1.16
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.27 0.48
EV/Core EBITDA(x) 3 4.94
Net Sales Growth(%) 0 16.53
EBIT Growth(%) 0 29.84
PAT Growth(%) 0 42.47
EPS Growth(%) 0 4.89
Debt/Equity(x) 1.94 0.61
Current Ratio(x) 1.04 1.5
Quick Ratio(x) 0.45 0.6
Interest Cover(x) 3.26 4.15
Total Debt/Mcap(x) 0 0.53

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 0% 0% 0%
Operating Profit CAGR 31% 0% 0% 0%
PAT CAGR 43% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 5% NA% NA% NA%
ROE Average 24% 28% 28% 28%
ROCE Average 22% 22% 22% 22%

Company Contact Information

Forge Auto International Ltd.

Village Mangarh Kohara - Machhiwara Road

IPO Lead Manager(s)

Forge Auto International Ltd.

Hem Securities Ltd.

Registrar Info

Forge Auto International Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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