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Forge Auto International Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Forge Auto International Ltd IPO

Registered Office: Village Mangarh,Kohara Machhiwara Road , Ludhiana - 141001 , Punjab , India.
Phone : +91 89999 99195   Fax:
Email :  sm@aint.in  
Website :  www.failtd.com
Initial public offer of upto 28,80,000 equity shares of face value of (Rs)10/- each (the "Equity Shares") of Forge Auto International Limited ("The Company" or "The Issuer") at an issue price of (Rs)108 per equity share (including share premium of (Rs)98 per equity share) for cash, aggregating up to (Rs)31.10 crores ("Public Issue") out of which 1,46,400 equity shares of face value of (Rs)10 each, at an issue price of (Rs)108 per equity share for cash, aggregating (Rs)1.58 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 27,33,600 equity shares of face value of (Rs)10 each, at an issue price of (Rs)108 per equity share for cash, aggregating upto (Rs)29.52 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.37% and 25.03 % respectively of the post-issue paid-up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Sep-24 30-Sep-24 (Rs)108.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Hem Securities Ltd
Project Financed through Current Offer 31.10  
Post Issue Equity Share Capital 10.92  
Issue Price (Rs)108.00  
 
Projects
To meet working capital requirementsGeneral corporate purposes
Repayment of certain borrowings availed by the company in part or full
Promoted By
Pramod Gupta  
Rajan Mittal  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd