AMIC Forging IPO Overview:
AMIC Forging is set to embark on a significant journey with its Initial Public Offering (IPO) scheduled to kick off on November 29 and conclude on December 1. The company aims to raise an impressive ₹34.80 crores through this IPO on the BSE SME platform. Investors will have the opportunity to subscribe to shares in the price range of ₹121 to ₹126, with a market lot consisting of 1000 shares.
Specializing in the forging industry, AMIC Forging stands out as a manufacturer of precision machined components tailored to meet the diverse needs of various industries. From Heavy Engineering and Steel to Oil & Gas, Petrochemicals, and beyond, the company crafts forged components with meticulous attention to customer specifications and international standards.
AMIC Forging’s expertise extends to the production of different forging components in compliance with international standards such as AISI, BS, IS, DIN, and more. The array of products includes Rounds, Shafts, Blanks, and finished engineering spare parts like Gear coupling, Hub, Round, and Flange, all manufactured in materials ranging from carbon steel to alloy steel, stainless steel, Nickel, and Tools Alloys. Boasting state-of-the-art forging facilities and machining capabilities, the company efficiently caters to both domestic and international customers, minimizing costs and lead times by consolidating various processes under one roof.
What sets AMIC Forging apart is its commitment to continuous improvement, evident in its adherence to high-quality standards and punctual deliveries. The company has swiftly built a reputation for its dedicated delivery and premium quality products. To meet international quality standards, each process is linked with stage inspection, ensuring that materials move forward only after clearance. Rigorous testing is conducted at every stage of the manufacturing process, with samples taken to assess quality parameters as defined in specifications or per customer requirements. With a well-established design center equipped with the latest 3D software and highly trained technicians, AMIC Forging is poised for success in the forging industry.
Purpose of the Offering:
- Establishing a production facility.
- Securing funds for day-to-day operations.
- Meeting general corporate needs.
AMIC Forging IPO Review
- May Apply
AMIC Forging IPO: Information on Date and Price Band.
| IPO Open: | 29-November-2023 |
| IPO Close: | 1-December-2023 |
| IPO Size: | Approx ₹34.80 Crores, 2,762,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 to ₹126 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
The market lot for AMIC Forging IPO
To participate in the AMIC Forging IPO, the smallest investment package is 1000 shares, requiring an application amount of ₹126,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹126,000 |
| Retail Maximum | 1 | 1000 | ₹126,000 |
| S-HNI Minimum | 2 | 2000 | ₹252,000 |
AMIC Forging IPO: Allotment and Listing Dates.
The eagerly awaited AMIC Forging IPO kicks off on November 29 and wraps up on December 1. Investors can anticipate the IPO allotment results to be revealed on December 4, with the possibility of the IPO being listed on December 6.
| IPO Open Date: | 29-November-2023 |
| IPO Close Date: | 1-December-2023 |
| Basis of Allotment: | 4-December-2023 |
| Refunds: | 5-December-2023 |
| Credit to Demat Account: | 5-December-2023 |
| IPO Listing Date: | 6-December-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for AMIC Forging IPO
Wondering how to get on board with the AMIC Forging IPO? It’s a breeze! Simply use the ASBA (Application Supported by Blocked Amount) facility through your bank account. Just log in to your online banking portal, head to the Invest section, and choose the AMIC Forging IPO for your application.
Alternatively, you have the option to download IPO forms directly from the BSE website. Click on BSE IPO Forms, grab the AMIC Forging forms, fill them out, and then either submit them at your bank or hand them over to your broker. Easy as that!
AMIC Forging Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹26.43 | ₹24.89 | ₹0.56 |
| 2022 | ₹71.39 | ₹68.93 | ₹0.87 |
| 2023 | ₹116.83 | ₹102.28 | ₹9.80 |
| 2023 3M | ₹29.79 | ₹24.59 | ₹3.60 |
AMIC Forging IPO Valuation – FY2023
Check AMIC Forging IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹127.58 per Equity Share |
| Price/Earning P/E Ratio: | 1.05 |
| Return on Net Worth (RoNW): | 49.40% |
| Net Asset Value (NAV): | ₹258.25 per Equity Share |
Peer Group
- Maiden Forgings Limited
- Ramkrishna Forgings Limited
Company Promoters
- Mr. Girdhari Lal Chamaria
- Mr. Anshul Chamaria
- Ms. Manju Chamaria
- Ms. Rashmi Chamaria
AMIC Forging IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6273 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
AMIC Forging IPO Allotment Status
Check AMIC Forging IPO allotment status on Bigshare website URL. Click Here
AMIC Forging IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Company Address
AMIC Forging Limited
3A, Garstin Place,
2nd Floor,
Kolkata – 700001
Phone: 033 – 40668190
Email: amic@amicforgings.com
Website: https://www.amicforgings.com/index.html
