Forge Auto International Limited began as a partnership firm called “M/s Auto International” in 2001. The firm was later converted into a private limited company in April 2023, and subsequently into a public limited company in June 2024. The company’s primary business involves the manufacturing of forgings and forged products, including auto parts, tractor parts, striking tools, hydraulic parts, agricultural tools, and railway parts. It has received several recognitions, such as the Emerging MSME award and the Zed Gold award under the MSME sustainable certification scheme. Forge Auto has also achieved various operational milestones, including expanding its production capacity with the installation of several high-capacity presses​.

For year/ period ended (Rs. in lacs.)

For year/ period ended ( in Cr.)

• Integrated manufacturing operations with diversified product portfolio.
• Quality Assurance and Standards.
• Long-standing relationship

• To meet Working Capital Requirement
• General corporate purposes.
• Repayment of borrowings.

The company’s revenue increased from INR INR 132.88 crore to INR 180.12 crore while PAT surged from INR 2.64 crore in FY22 to INR 6.69 crore in FY24. Considering upper price of INR 108, the company is expected to list at PE of 17.63. So we recommend to subscribe for IPO for listing gain.