Forge Auto International IPO: Allotment Status and Latest GMP—Here’s How to Check Before the Big Listing Day

The subscription period for the Forge Auto International IPO ended on September 30, 2024. The IPO, open for bidding from September 26 to September 30, is expected to have its allotment finalized on October 1, 2024. The listing of the IPO on the NSE SME is scheduled for Friday, October 4, 2024.

Bigshare Services Pvt Ltd is the official registrar for the IPO, and Hem Securities Limited is the lead manager. Hem Finlease is the market maker for the IPO.

How to Check Allotment Status Online:

Since Bigshare Services is handling the allotment, investors can check their status on the Bigshare Services website or the NSE website. Follow these steps:

1. Go to the Bigshare Services website by clicking on the provided link.
2. Choose any of the available servers on the website to check the allotment.
3. Select “Company” and choose “Forge Auto International Ltd” from the dropdown (the company will appear once the allotment is available).
4. Choose one of the options: Application No., Demat Account, or PAN number.
5. Enter the required details and complete the CAPTCHA code.
6. Click “Search” to see your allotment status.

Investors can also check the status on the NSE website by providing similar details.

Grey Market Premium (GMP)

As of now, Forge Auto International’s GMP stands at ₹15, which is lower than earlier during the subscription period. On day two of the IPO, the GMP was ₹36, and on day one, it was ₹30, according to Investorgain.com. The current GMP suggests that Forge Auto International shares could list at ₹123, which is 13.89% higher than the upper issue price.