Forge Auto International Limited IPO

Forge Auto International IPO offers 28.88 lakh shares worth ₹31.10 crore to meet working capital needs, repay borrowings, and fund general corporate purposes.

Important Details

Open Date : September 26, 2024 Close Date : September 30, 2024 Allotment Date: October 1, 2024 Listing Date: October 4, 2024

Important Details

IPO Price: INR 102-108 per share Lot Size: 1200 Shares Total Issue Size: INR 31.10 crores

Fundamental Analysis

Forge Auto International IPO shows mixed performance: 1. Stable revenue growth & profitability. 2. Improved shareholder returns. 3. Healthy asset growth. 4. Rising liabilities require monitoring.

Peer Comparison

1. Forge Auto International leads with highest RoNW (32.14%). 2. Balu Forge Auto and MM Forging show strong revenues. 3. MM Forging has a robust EPS.

Objective

Main objective of Forge Auto International Ltd: 1. ₹19cr allocated for working capital. 2. ₹5cr for debt repayment. 3. Remaining funds for general corporate purposes, including operations and growth initiatives.

Risks And Challenges

Forge Auto International Ltd IPO Risks: 1. Reliance on automobile and railway industries. 2. High working capital needs may constrain operations. 3. Limited customer base, risking revenue loss.