ListedSMEFORGEAUTO

Forge Auto International Limited

Forge Auto International Limited is a sme IPO raising ₹31 Cr at ₹102 – ₹108 a share. It listed on 4 Oct 2024 and trades at ₹85 today, −21.3% against its issue price of ₹108. It was subscribed 0.00× in total.

Get alerts on this company Company page

₹108

Issue price

₹85

Price now

−21.3%

Since issue price

4 Oct 2024

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹102 – ₹108

Cut-off price₹108

Issue size₹31 Cr

Shares per lot1200

Minimum application₹1,29,600

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0YKW01013

Bidding hours10:00 – 17:00 IST

Bidding window26 Sept 2024 – 30 Sept 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.