Forge Auto International Limited IPO Review
Neutral108-108 · SME
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Analyst Verdict
Forge Auto International Limited IPO
Neutral
IPO at a Glance
Price Band
108-108
Issue Size
31cr
Min. Investment
₹1,29,600
Opens
2024-09-24
Closes
2024-09-28
Listing
2024-10-02
Category
SME
Key Strengths
✓Forge Auto International operates almost debt-free, with a cash conversion cycle of zero days.
✓The company prioritizes sustainability, utilizing renewable energy, bio-lubricants, recycled materials, and energy-efficient production practices.
✓It holds multiple certifications for quality, environmental management, and occupational health and safety.
✓Advanced technology, such as CAD/CAM systems, 3D printing, and forging simulation software, is integrated into its manufacturing
Key Risks
⚠Volatility in raw material prices, such as carbon and alloy steel, can affect profitability.
⚠The auto parts industry is highly competitive, with significant pressure from imports.
⚠The industry is closely tied to the cyclical nature of the domestic automobile market.
⚠Risks related to international trade can also pose challenges for companies.
Frequently Asked Questions
Should I apply for Forge Auto International Limited IPO?
Based on our analysis, our rating for Forge Auto International Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Forge Auto International Limited IPO?
Volatility in raw material prices, such as carbon and alloy steel, can affect profitability. The auto parts industry is highly competitive, with significant pressure from imports. The industry is closely tied to the cyclical nature of the domestic automobile market.
What are the strengths of Forge Auto International Limited IPO?
Forge Auto International operates almost debt-free, with a cash conversion cycle of zero days. The company prioritizes sustainability, utilizing renewable energy, bio-lubricants, recycled materials, and energy-efficient production practices. It holds multiple certifications for quality, environmental management, and occupational health and safety.
What is the price band of Forge Auto International Limited IPO?
The price band for Forge Auto International Limited IPO is 108-108. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more