Forge Auto International Limited
CLOSEDSME IPO · IPO Guide
Price Band
₹102 – ₹108
Lot Size
1200Shares
Min. Investment
₹129,600
Subscription
49.35x
Expert Rating
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,29,600 |
| Retail (Max) | 2 | 2,400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8,400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9,600 | ₹10,36,800 |
As per financials, Forge Auto International Limited has shown steady results, RoNW is 32.14% and P/E is respectively 44.62, 23.76 and 17.63 as per FY22, FY23 and FY24 earnings. So, issue looks fully priced. Company is an engineering company engaged into forging and manufacturing of complex and safety critical, forged and precision machined components, which is highly competitive and fragmented business segment. So, we give rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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