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IPO

IPO Details


Forge Auto International Ltd
Registered Office: Village Mangarh, Kohara Machhiwara Road, Ludhiana - 141001, Punjab
Phone: +91 89999 99195
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-2024 30-Sep-2024 ₹ 108.00 ₹ 0.00
Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0
(₹)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 ₹108.00
Projects
To meet working capital requirements
Repayment of certain borrowings availed by the company in part or full
General corporate purposes
Promoted By
Pramod Gupta
Rajan Mittal
Listing At
NSE - SME
Registrar to the Issue
No Data Available

INDIAN INDICES

Sensex

83,432.89 193.42 (0.23%)

Nifty

25,461.00 55.70 (0.22%)

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NASDAQ
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23,916.07 -153.88(-0.64%)