Forge Auto International IPO: The initial public offering saw its subscription period end on 30 September .

The public offering (IPO) bidding for Forge Auto International was held from September 26, 2024 to September 30, 2024. On Tuesday, October 1, 2024, the allocation for the Forge Auto International IPO is anticipated to be completed soon. The proposed listing date for the Forge Auto International IPO is Friday, October 4, 2024, and it will take place on the NSE SME.

Bigshare Services Pvt Ltd is the registrar for the Forge Auto International IPO, while Hem Securities Limited is the book running lead manager. Hem Finlease is the market maker for the IPO of Forge Auto International.

Here are the steps to check allotment status online

Since Bigshare Services Pvt Ltd is the registrar to the IPO that will see its listing on NSE SME, investors can check the allotment status online on Bigshare Services website or the NSE website. Here’s how:

Step 1- Go to the registrar Bigshare Services Pvt Ltd’s website by clicking on this link:

Step 2- Select any of the three servers on the Bigshare webisite to check allocation status

Step3- Click on Company selection and thereafter from the drop down select the company name Forge Auto Internationals Ltd. (note -the company name will only appear once the allotment is out

Step 4 – Select from among any one of the following options it asks for- Application No., Demat Account or the PAN number.

Step 4- Enter these details from the option selected.

Step 5 -Hit the Search button and don’t forget to enter the Captcha code it asks for before submitting for search.

Investors can also use the NSE website to check the status of Forge Auto Internationals IPO allotment by providing the required information.

Forge Auto International IPO: GMP or Grey Market Premium

For Forge Auto International IPO, the GMP was ₹15 after the end of subscription period and was lower than during the subscription period. The GMP stood at ₹₹36 on day 2 of the IPO and ₹30 on day 1, according to data from Investorgain.com. This suggests that the shares of Forge Auto International are accessible in the grey market for ₹15 more than the issue price.

The current GMP now shows that investors of the Forge Auto International IPO now expect the listing of share price of Forge Auto International at ₹123, 13.89% over the upper bound of the issue price.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.