Forge Auto International Limited IPO has a ₹0 Grey Market Premium as of September 25, 2024, with a price range from ₹102 to ₹108 per share. Offering lots of 1200 shares, the subscription window is open from September 26 to September 30, 2024.
Forge Auto International Limited IPO GMP Today
The Grey Market Premium (GMP) for Forge Auto International Limited is ₹0 as of September 25, 2024. This assessment coincides with a price from ₹102 to ₹108 per share for the IPO.
Forge Auto International Limited IPO Review
Forge Auto International Ltd demonstrates robust financial health with consistent revenue growth and enhanced profitability. Revenue rose from ₹13,287.85 lakhs in 2022 to ₹18,011.72 lakhs in 2024, while profit after tax increased from ₹264.34 lakhs in 2022 to ₹668.8 lakhs in 2024, reflecting the company’s effective business expansion.
The company’s equity strengthened from ₹1,367.73 lakhs in 2022 to ₹1,280.88 lakhs in 2024, boosting shareholder returns as the diluted EPS grew from ₹4.04 in 2022 to ₹10.21 in 2024. With a healthy balance sheet, RoNW improved to 32.14%, and NAV per Equity Share is ₹25.88, Forge Auto International showcases strong liquidity and reduced reliance on debt.
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Forge Auto International Limited IPO Date
Forge Auto International Limited will start accepting subscriptions from September 26, 2024, to September 30, 2024.
Forge Auto International Limited IPO Price
Forge Auto International Limited’s price range is from ₹102 to ₹108 per share with a face value of ₹10 each.
Forge Auto International Limited
The company specializes in forging and manufacturing complex, safety-critical components, including rings, ball studs, and gear blanks, for various sectors such as automotive and agriculture. It primarily serves domestic and global OEMs in automotive and non-automotive industries. Additionally, the company exports its products to countries like France, Germany, Brazil, and the United States, among others.
How To Apply For Forge Auto International Limited IPO?
To apply for the Forge Auto International Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Forge Auto International Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
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