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Forge Auto International Ltd
Forge Auto International Ltd
Registered Office : Village Mangarh,Kohara Machhiwara Road,Ludhiana Punjab 141001 Phone : +91 89999 99195
Fax :
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.
Opens On
Closes On
26-Sep-2024
30-Sep-2024
Application
Allotment
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 (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
0.00
31.10
10.92
108.00
Hem Securities Ltd
- To meet working capital requirements
- Repayment of certain borrowings availed by the company in part or full
- General corporate purposes
- Pramod Gupta
- Rajan Mittal
- NSE - SME
- Bigshare Services Pvt Ltd