Forge Auto International Ltd - IPO

Forge Auto International Ltd IPO Details

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.

Objective of issue

To meet working capital requirements. Repayment of certain borrowings availed by the company in part or full. General corporate purposes.

Forge Auto International Ltd Contact Details

Forge Auto International Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - sm@aint.in

Website - www.failtd.com