Forge Auto International is gearing up for its initial public offering (IPO), with the allotment likely to be finalized on Tuesday, October 1. Investors are eagerly awaiting the results as the subscription period has recently closed.
The bidding process for the Forge Auto International IPO commenced on September 26 and concluded on September 30. Enthusiastic investors are anticipating the listing date, which is set for Friday, October 4, when Forge Auto International shares will officially debut on the NSE SME platform.
Bigshare Services Pvt Ltd serves as the registrar for the Forge Auto International IPO, while Hem Securities Limited holds the role of book-running lead manager. Additionally, Hem Finlease acts as the market maker for this IPO, ensuring a smooth trading experience post-listing.
Steps to Check Allotment Status Online
If you’re an investor looking to check your allotment status for the Forge Auto International IPO, follow these easy steps. Since Bigshare Services Pvt Ltd is managing the allotment, you can conveniently verify your status on their official website.
Step 1: Visit the Bigshare Services Pvt Ltd website by navigating to the IPO Allotment section.
Step 2: On the Bigshare homepage, choose from any of the three available servers to check the allocation status.
Step 3: Click on the company selection option and then select “Forge Auto International Ltd” from the dropdown menu (Note: the company name will only be visible once the allotment results are published).
Step 4: You will be prompted to select one of the following options: Application Number, Demat Account, or PAN number.
Step 5: Enter the details related to the option you have selected.
Step 6: Hit the “Search” button and ensure you correctly enter the Captcha code to proceed.
Alternatively, investors can also access the NSE website to verify the status of the Forge Auto International IPO allotment by submitting the required information.
Forge Auto International IPO: GMP (Grey Market Premium) Insights
The Grey Market Premium (GMP) for the Forge Auto International IPO has witnessed a decline, resting at ₹15 by the end of the subscription period. Initially, the GMP was as high as ₹36 on the second day and ₹30 on the first day, according to data from Investorgain.com. This GMP indicates that shares of Forge Auto International are expected to be available in the grey market at ₹15 above the issue price.
The current GMP suggests that investors anticipate Forge Auto International shares to list at around ₹123 each, reflecting a potential 13.89% premium above the higher end of the issue price.
Disclaimer: The views and recommendations expressed in this article are solely those of the individual analysts and do not necessarily represent the opinions of Mint. Investors are encouraged to consult certified professionals prior to making any investment decisions.
