This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Strengths & Weaknesses of Forge Auto International Limited
Integrated manufacturing operations
In its early years, the company focused on tractor parts, later expanding to heavy and light vehicle parts and agricultural and railway components. In 2021, it added hydraulic components and industrial goods to meet rising demand both in India and abroad
Quality assurance and standards
The company believes quality is essential for a positive consumer experience and long-term customer loyalty. This commitment to quality has been the foundation for expanding and diversifying its product portfolio since its inception
Dependent on limited customers
The company relies on a small number of customers for its revenue, so losing any of them could significantly harm its business operations and financial stability
Absence of formal agreements/ commitments
The company has no binding agreements with customers for purchases or pricing. If customers choose competitors, it could negatively impact the business
Dependent on a few suppliers
The company relies on a few suppliers for steel and has no formal agreements with them. Any supply issues or price increases could negatively impact the business
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
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Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Forge Auto International Limited
Forge Auto International Ltd. was incorporated on April 25, 2023. The company specializes in forging and manufacturing complex, safety-critical components, such as rings, ball studs, and gear blanks. It serves various industries, including automotive and agriculture, catering to both domestic and global OEMs.
Promoter
Rajan Mittal
Promoter
Parmod Gupta
Forge Auto International Limited IPO FAQs
What is Forge Auto International Limited IPO?
Forge Auto International Limited IPO refers to the initial public offering of shares by Forge Auto International Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of Forge Auto International Limited IPO?
For Forge Auto International Limited IPO the issue size is ₹31 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the Forge Auto International Limited IPO?
For Forge Auto International Limited IPO the minimum investment is ₹1,22,400. The minimum investment for Forge Auto International Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of Forge Auto International Limited IPO?
For Forge Auto International Limited IPO the lot size is 1200 shares. The lot size of Forge Auto International Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for Forge Auto International Limited IPO on Share.Market?
To apply for Forge Auto International Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Forge Auto International Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for Forge Auto International Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Forge Auto International Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of Forge Auto International Limited IPO?
For Forge Auto International Limited IPO the allotment date is October 1, 2024. The allotment date of Forge Auto International Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of Forge Auto International Limited IPO?
For Forge Auto International Limited IPO, the subscription opens on September 26, 2024 and closes on September 30, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.