THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.

	FORGE AUTO INTERNATIONAL LIMITED
	C IN : U25910PB2023PLC058272

Our Company was originally formed as a Partnership Firm in the name and style of "M/s Auto International" under the provisions of the Indian Partnership Act, 1932 pursuant to partnership deed dated April 19,2001. Later, pursuant to various amendments in the said partnership deed, as on April 01 2008, Rajan Mittal and Parmod Gupta were the partners of the firm. Consequently, our Firm was converted into a private limited company under Companies Act 2013 with the name 'Forge Auto International Private Limited' pursuant to a fresh certificate of incorporation dated April 25, 2023 was issued by the Registrar of Companies, Chandigarh, Punjab bearing CIN: U25910PB2023PTC058272. Subsequently, our Company was converted into a public limited company under Companies Act with the name 'Forge Auto International Limited' pursuant to a fresh certificate of incorporation dated June 1, 2024 was issued by the Registrar of Companies, Central Processing Centre, Manesar, Gurgaon, Haryana, 122050, bearing CIN: U25910PB2023PLC058272.

INITIAL PUBLIC OFFER OF 28,80,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH (THE "EQUITY SHARES") OF FORGE AUTO INTERNATIONAL LIMITED ("OUR 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. 3110.40 LAKHS ("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. 158.11 LAKHS 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. 2952.29 LAKHS 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 OUR COMPANY.

a) We depend on a limited number of customers for our revenue from operations, the loss of any of these customers individually or severally could have a material adverse effect on our business, operations and could have impacted our financial strength. b) We do not have agreements/commitment on part of our customers to purchase or place orders with us, also we do not have any price agreement with our customers. If our customers select some other vendors/competitors for their requirement, it may have adverse effect on our business. c) The BRLM associated with the Issue has handled 60 Public Issues in the past three years, out of which 1 issue was closed below the Issue/ Offer Price on listing date:

d) Average cost of acquisition of Equity Shares held by the Individual Promoters is

and the Issue Price at the upper end of the Price Band is Rs. 108 per Equity Share. e) The Price/ Earnings ratio based on Diluted EPS for Fiscal 2024 for the company at the upper end of the Price Band is 10.58. f) Weighted Average Return on Net worth for Fiscals 2024,2023 and 2022 is 29.26%.

g) The Weighted average cost of acquisition of all Equity Shares transacted in the last 1 year, 18 months and 3 years from the date of Prospectus is as given below:

h) The Weighted average cost of acquisition compared to Floor Price and Cap Price

The Issue was being made through the Book Building Process, in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBI ICDR Regulations, as amended, wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs" , the "QIB Portion"), Our Company in consultation with the Book Running Lead Manager has allocated upto 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"). Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Net Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI (ICDR) Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see ‘Issue Procedure" beginning on page 213 of the Prospectus.

The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to NSE. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or before Friday, October 04,2024*

*Subject to the receipt of listing and trading approval from the NSE (NSE Emerge ).

The bidding for Anchor Investors opened and closed on Wednesday, September 25, 2024. The Company received 7 Anchor Investors applications for 13,02,000 Equity Shares. The Anchor Investor Allocation price was finalized at Rs. 108/- per Equity Share. A total of 8,18,400 Equity Shares were allotted under the Anchor Investors portion aggregating to Rs. 8,83,87,200/-.

The Issue (excluding Anchor Investors Portion) received 53379 Applications for 9,50,90,400 Equity Shares resulting 46.12 times subscription (including reserved portion of market maker and excluding anchor investor portion). The details of the Applications received in the Issue from various categories are as under (before technical rejections):

Detail of the Applications Received (excluding Anchor Investors Portion):

1) Allotment to Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off Price or at or above the Issue Price of Rs. 108/- per Equity Share, was finalized in consultation with NSE. The category has been subscribed to the extent of 61.76 times. The total number of Equity Shares Allotted in this category is 957,600 Equity Shares to 798 successful applicants. The details of the Basis of Allotment of the said category are as under:

Final Demand:

A summary of the final demand as per NSE as on the Bid/ Issue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being National Stock Exchange of India Limited (NSE Emerge) on October 01,2024.

2) Allotment to Non-lnstitutional Investors (After Technical Rejections):

The Basis of Allotment to the Non-lnstitutional Investors, who have bid at the Issue Price of Rs. 108/- or above per Equity Share was finalized in consultation with NSE. The category has been subscribed to the extent of 58.43 times (after technical rejection). The total number of Equity Shares Allotted in this category is 410400 Equity Shares to 308 successful applicants. The details of the Basis of Allotment of the said category are as under (S a m p le B a s is ) :

3) Allotment to QIBs excluding Anchor Investors (After Technical Rejections):

Allotment to QIBs, who have bid at the Issue Price of Rs. 108/- or above per Equity Share has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 20.12 times of QIB portion. The total number of Equity Shares allotted in the QIB category is 547200 Equity Shares, which were allotted to 12 successful Applicants.

4) Allotment to Anchor Investors (After Technical Rejections):

The Company in consultation with the BRLM has allocated 8,18,400 Equity Shares to 7 Anchor Investors at the Anchor Investor Issue Price of Rs. 108/- per Equity Shares in accordance with the SEBI (ICDR) Regulations. This represents upto 60% of the QIB Category.

The Board of Directors of our Company at its meeting held on October 01,2024 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched/ mailed for unblocking of funds and transfer to the Public Issue Account on or before October 03,2024. In case the same is not received within ten days, Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on October 03,2024 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from NSE and the trading of the Equity Shares is expected to commence trading on October 04,2024.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 30,2024 filed with the Registrar of Companies, Chandigarh, Punjab (" RoC").

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at website: www.bigshareonline.com

TRACK RECORD OF BOOK RUNNING LEAD MANAGER: The BRLM associated with the Issue has handled 60 Public Issues in the past three years, out of which 1 issue was closed below the Issue/ Offer Price on listing date:

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:

	BIGSHARE SERVICES PRIVATE LIMITED
	Address: S6-2,6th Floor, Pinnacle Business Park, next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai-400093, India.
	Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299; Email: ipo@bigshareonline.com;
	Investor Grievance Email: investor@bigshareonline.com; Contact Person: Asif Sayyed;
	SEBI Registration No.: INR000004058

Disclaimer: Forge Auto International Limited has filed the Prospectus with the RoC on September 30, 2024 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of the BRLM, Hem Securities Limited at www.hemsecurities.com and the Company at: www.failtd.com and shall also be available on the website of the NSE and SEBI. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "Risk Factors'' beginning on page 24 of the Prospectus. The Equity Shares have not been and will not be registered under the U. S. Securities Act of 1933, as amended (the "Securities Act") or any state securities in the United States, and unless so registered, and may not not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S state securities laws. The Equity Shares are being Issued and sold outside the United States in 'offshore not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction jurisdiction where such Issues and sales are made. There will be no public Issuing in the United States. offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each