Stay updated with the latest on Forge Auto International IPO GMP (Grey Market Premium). We provide live data and key information to help you make informed investment decisions.
Forge Auto International IPO GMP Overview
- IPO Open Date: September 26, 2024
- IPO Close Date: September 30, 2024
- Price Band: ₹102 to ₹108 per share
- Issue Size: ₹31.10 Crores
- Listing Date: October 4, 2024
- Lot Size: Minimum 1200 shares(₹129,600)
Forge Auto International IPO GMP Live Rates
| Dates | IPO GMP |
|---|---|
| October 04, 2024 | ₹15 (14%) |
| October 03, 2024 | ₹15 (14%) |
| October 02, 2024 | ₹15 (14%) |
| October 01, 2024 | ₹15 (14%) |
| September 30, 2024 | ₹25 (23%) |
| September 29, 2024 | ₹25 (23%) |
| September 28, 2024 | ₹25 (23%) |
| September 27, 2024 | ₹36 (33%) |
| September 26, 2024 | ₹30 (28%) |
| September 25, 2024 | ₹30 (28%) |
| September 24, 2024 | ₹- |
| September 23, 2024 | ₹- |
| September 22, 2024 | ₹- |
| September 21, 2024 | ₹- |
| September 20, 2024 | ₹- |
IPO Timeline
| Events | Date |
|---|---|
| IPO Open Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| Basis of Allotment | October 1, 2024 |
| Refunds | October 3, 2024 |
| Credit to Demat Account | October 3, 2024 |
| IPO Listing Date | October 4, 2024 |
About Forge Auto International
Established in 2001, Forge Auto International Limited is an engineering firm specializing in the forging and manufacturing of complex, safety-critical components that are both forged and precision-machined. These components serve the automotive industry, including automobiles, tractors, and railways, as well as the non-automotive sectors like agriculture, hydraulics, and striking tools.
The company caters to a wide range of customers, including domestic and international original equipment manufacturers (OEMs) in both the automotive and non-automotive industries. Its products are utilized across multiple sectors, highlighting its diverse and expansive customer base.
From Fiscal 2021 to Fiscal 2023, Forge Auto International saw a significant increase in revenue from its machined and forged products, growing from ₹10,951.99 lakhs to ₹17,664.85 lakhs. This represents a compound annual growth rate (CAGR) of 27%, underscoring the company’s intensified focus on product innovation and quality. The company’s product lineup includes short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies, which are crucial components for commercial vehicles, railway bogies, tractors, agricultural machinery, and sledgehammers.
Moreover, Forge Auto International holds multiple certifications that reflect its commitment to quality, safety, and sustainability. These include ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, OHSAS 18001:2007 for occupational health and safety, IATF 16949:2016 for working with OEMs in the automotive industry, and the ZED GOLD certification from the Government of India for Zero Effect and Zero Defect sustainability standards.
Disclaimer
- The Grey Market Premium (GMP) mentioned for (Forge Auto International IPO GMP) is applicable only for the specific date provided.
- We do not engage in the buying or selling of IPO forms on the grey market.
- Please do not base your IPO subscription decision solely on the premium price, as it may fluctuate. Always consider the company’s fundamentals before investing.
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