31 Mar 2022
Assets56.78
Total Income134.00
Profit After Tax2.64
NET Worth13.68
Total Borrowing26.20
At a glance
Updated 2026-09-13The shares listed at ₹113.00, a 4.63% move from the issue price. Forge Auto International is a SME IPO with an issue size of ₹31.10 crore, proposed for listing on NSE SME. The offer opens on 26th Sep 2024 and closes on 30th Sep 2024. The issue structure includes a fresh issue of ₹29.52 crore. The current listing schedule points to 4th Oct 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹31.10 Cr
Fresh issue₹29.52 Cr
Face value₹10
Price band₹102.00–₹108.00
Allotment1st Oct 2024
Listing4th Oct 2024
Listing performance
Full performance ↗Issue price₹108.00
Listing price₹113.00
Current price—
Listing gain4.63%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹15.00
GMP / upper price13.89%
Est. listing₹123.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th Sep 2024
Closes30th Sep 2024
Allotment1st Oct 2024
Refund3rd Oct 2024
Demat3rd Oct 2024
Listing4th Oct 2024
Subscription demand
Full bidding ↗Total49.28×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹129,600 |
Company
Incorporated2001
Use of proceeds
| Object | Amount |
|---|---|
| To meet Working Capital requirements | ₹19.00 Cr |
| Repayment of certain borrowing availed by our Company, in part or full | ₹5.00 Cr |
| General Corporate Purpose | ₹4.29 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue181.57₹ Cr · +2.2% vs prior year
PAT6.69₹ Cr · +34.9% vs prior year
Assets101.49₹ Cr · +22.7% vs prior year
Net Worth20.21₹ Cr · +21.7% vs prior year
Borrowing40.46₹ Cr · +27.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets82.74
Total Income177.64
Profit After Tax4.96
NET Worth16.60
Total Borrowing31.83
31 Mar 2024
Assets101.49
Total Income181.57
Profit After Tax6.69
NET Worth20.21
Reserves and Surplus12.77
Total Borrowing40.46
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 35.76% |
| ROCE | 17.60% |
| Debt / Equity | 1.94% |
| RoNW | 32.14% |
| PAT Margin | 3.71% |
| Price to Book Value | 4.17 |
Valuation & shareholding
Pre-IPO EPS8.32
Post-IPO EPS6.13
Pre-IPO P/E12.98
Post-IPO P/E17.63
Promoter holding pre100%
Promoter holding post73.63%
Market cap₹117.94 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Forge Auto International IPO | — | 17.63 x | — | — |
| Victory Electric IPO | — | 30.41 x | — | — |
| Sellowrap Industries IPO | — | 11.44 x | — | — |
| CLN Energy IPO | — | 26.95 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manger Fees including underwriting commission | ₹0.57 Cr |
| Fees Payable to Registrar to the Issue | ₹0.01 Cr |
| Fees Payable for Advertising and Publishing Expenses | ₹0.16 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.07 Cr |
| Payment for Printing & Stationery, Postage, etc. | ₹0.02 Cr |
| Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | ₹0.04 Cr |
| Others, if any (Fees payable for Marketing & distribution expenses, Uploading fees to Sponsor Bank/Banker(s) to the Issue, Selling Commission, Brokerage, Processing Fees*, and Miscellaneous Expenses) | ₹1.95 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Hem Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
IPO UPDATE ALERTS
Register for IPO Updates →Track Forge Auto International without missing an update
Register for subscription, GMP, allotment and listing notifications.