AMIC Forging Limited
- IPO Date29 Nov, 2023 to 01 Dec, 2023
- Listing Date11 Dec, 2023
- Face Value₹10 per share
- Issue Price₹121 to ₹126 per share
- Lot Size1000 Shares
- Minimum Investment₹1,26,000
- Listing AtBSE SME
- Total Issue Size27,62,000 Shares
(aggregating up to ₹34.80 Cr) - Fresh Issue27,62,000 Shares
(aggregating up to ₹34.80 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue77,26,410
- Shareholding post issue1,04,88,410
IPO Dates
Closing Date
01 Dec, 2023
Initiation of Refunds
08 Dec, 2023
Listing Date
11 Dec, 2023
29 Nov, 2023
Opening Date
06 Dec, 2023
Basis of Allotment
08 Dec, 2023
Credit of Shares
AMIC Forging Limited Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 2000 | ₹2,52,000 |
| Retail (Max) | 1 | 1000 | ₹1,26,000 |
| Retail (Min) | 1 | 1000 | ₹1,26,000 |
AMIC Forging Limited Promoter Holding
The promoters of the company being Mr. Girdhari Lal Chamaria, Mr. Anshul Chamaria, Ms. Manju Chamaria, and Ms. Rashmi Chamaria.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 78.38% | 57.74% |
Key Performance Indicator
AMIC Forging IPO Market Cap is Rs 132.15 Cr and P/E (x) is 1.01.
| KPI | Values |
|---|---|
| ROE | 71.25% |
| ROCE | 55.78% |
| RoNW | 49.4% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.01 | 12.83 |
| P/E (x) | 1.01 | 12.83 |
AMIC Forging Limited COMPANY INFORMATION
AMIC Forging IPO is a book built issue of Rs 34.80 crores. The issue is entirely a fresh issue of 27.62 lakh shares. AMIC Forging IPO opens for subscription on November 29, 2023 and closes on December 1, 2023. The allotment for the AMIC Forging IPO is expected to be finalized on Wednesday, December 6, 2023. AMIC Forging IPO will list on BSE SME with tentative listing date fixed as Monday, December 11, 2023. AMIC Forging IPO price band is set at ₹121 to ₹126 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹252,000. Gretex Corporate Services Limited is the book running lead manager of the AMIC Forging IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for AMIC Forging IPO is Gretex Share Broking. Refer to AMIC Forging IPO RHP for detailed information.
Incorporated in 2007, AMIC Forging Limited, previously known as Kali Mata Forging Private Limited, manufactures forged components catering to various industries.
The company manufactures precision machined components such as Rounds, Shafts, Blanks, and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, and other all kinds of engineering spares as per customer specifications and International Standards like AISI, BS, IS, DIN, etc, catering to the requirements of various industries such as Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel, and Tools Alloys.
AMIC Forging's manufacturing facilities have a forging unit with a 6 M/ton capacity Electro Hydraulic Hammer along with a 1 M/ton capacity Pneumatic Hammer, each hammer runs with the support of a Manipulator with 3 Overhead Cranes, Jib Cranes, 3 oil-fired furnace (Temperature controlled) with all necessary accessories.
The company has a Heat Treatment Plant which has an oil bogie hearth automatically controlled furnace with a four-point recording arrangement & temperature graph indicator/recorder with water and oil quenching arrangement. Apart from the above the company also has a machine shop which contains many machines required for the manufacturing process.
AMIC Forging recorded a total of Rs. 2,954.57 Lacs, Rs. 11,585.41 Lacs, and Rs. 7,111.97 Lacs in revenue from operations for the period ended June 30, 2023, March 31, 2023, and March 31, 2022, respectively.
FAQs About Amic Forging Limited
AMIC Forging Limited will open on 29 Nov, 2023 and close on 01 Dec, 2023. Investors must apply within this period to participate.
The AMIC Forging Limited price band is set between ₹121.00 and ₹126.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹126000.00.
The AMIC Forging Limited shares are expected to be listed on 11 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your AMIC Forging Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The AMIC Forging Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.