AMIC Forging IPO Details ( AMIC Forging Limited IPO Review )
(29 Nov 2023 – 1 Dec 2023)
Established in 2007, AMIC Forging Limited, formerly known as Kali Mata Forging Private Limited, creates forged components for various industries.
Our precision machined components include Rounds, Shafts, Blanks, and fully finished engineering spare parts like Gear coupling, Hub, Round, Flange, and others, tailored to customer specifications and international standards like AISI, BS, IS, DIN, etc. We serve a range of industries, including Heavy Engineering, Steel, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement, Sugar, and related sectors. These products are crafted primarily from carbon steel, alloy steel, stainless steel, Nickel, and Tools Alloys.
At AMIC Forging, our manufacturing facilities boast a forging unit equipped with a 6 M/ton capacity Electro Hydraulic Hammer and a 1 M/ton capacity Pneumatic Hammer. Each hammer is supported by a Manipulator, along with 3 Overhead Cranes, Jib Cranes, and 3 temperature-controlled oil-fired furnaces. Our Heat Treatment Plant features an automatically controlled furnace with a four-point recording arrangement, temperature graph indicator/recorder, and water and oil quenching setup. Additionally, we have a well-equipped machine shop with various machines essential for the manufacturing process.
For the periods ending June 30, 2023, March 31, 2023, and March 31, 2022, AMIC Forging recorded revenues of Rs. 2,954.57 Lacs, Rs. 11,585.41 Lacs, and Rs. 7,111.97 Lacs, respectively.
AMIC Forging Limited Company Product
- Main Shaft for Wind Energy
- Drum Tube Sheet
- Casting Mold
- Forged Shell
- Tube Sheet
- Channel Cover
- Trunnion for Nuclear Power Plant
- Forged Neck
- Wheel
- Nozzle for Oil & Gas
AMIC Forging Limited IPO Competitive Strength
- Experienced Promoters
- Integrated manufacturing facility
- Long Standing Relation with Customers
- Quality Assurance and Control
AMIC Forging IPO Financials Performance ( Results )
AMIC Forging Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 1,622.07 | 2,643.37 | 56.27 | 0.75 | 680.69 | 9.09 | 609.62 | 436.50 |
| 31-Mar-22 | 3,163.87 | 7,138.82 | 86.59 | 1.14 | 767.28 | 10.12 | 696.21 | 1,071.32 |
| 31-Mar-23 | 6,107.99 | 11,683.01 | 980.01 | 12.83 | 1,983.75 | 25.98 | 1,897.90 | 385.17 |
| 30-Jun-23 | 6,367.84 | 2,979.32 | 359.94 | 4.66 | 2,338.43 | 30.27 | 2,252.58 | 287.37 |
Objective of AMIC Forging IPO Issue
- Setting up of Manufacturing facility.
- Working Capital Requirements.
- General Corporate Purposes.
AMIC Forging IPO Basic Details
| IPO Date | Nov 29, 2023 to Dec 1, 2023 |
| Listing Date | Monday, December 11, 2023 |
| Face Value | ₹10 per share |
| Price | ₹121 to ₹126 per share |
| Lot Size | 1000 Shares |
| Issue Size | 2,762,000 shares of ₹10 (aggregating up to ₹34.80 Cr) |
| Fresh Issue | 2,762,000 shares of ₹10 (aggregating up to ₹34.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,726,410 |
| Share holding post issue | 10,488,410 |
| Company Promoters | Mr. Girdhari Lal Chamaria, Mr. Anshul Chamaria, Ms. Manju Chamaria, and Ms. Rashmi Chamaria |
AMIC Forging IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
AMIC IPO Timetable
AMIC IPO will open on November 29, 2023 and close on December 1, 2023. You can join AMIC IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 29 November 2023 (Wednesday) |
| Closing Date | 1 December 2023 (Friday) |
| Basis of Allotment | 6 December 2023 (Wednesday) |
| Initiation of Refunds | 7 December 2023 (Thursday) |
| Credit of Shares to Demat | 8 December 2023 (Friday) |
| Listing Date | 11 December 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 1 December 2023 |
AMIC IPO Lot Size
For retail investors in AMIC IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹126,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹126,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹126,000 |
| Retail (Max) | 1 | 1000 | ₹126,000 |
| S-HNI (Min) | 2 | 2000 | ₹252,000 |
AMIC Forging IPO Promoter Holding
The company’s promoters include Mr. Girdhari Lal Chamaria, Mr. Anshul Chamaria, Ms. Manju Chamaria, and Ms. Rashmi Chamaria.
| Pre Issue Share Holding | 78.38% |
| Post Issue Share Holding | 57.74% |
AMIC Forging Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 132.15 |
| Earning Per Share (EPS) | ₹12.83 per Equity Share |
| Net Asset Value (NAV) | ₹25.98 per Equity Share |
| P/E Ratio (P/E) (x) | 1.01 |
| Post P/E Ratio (P/E) (x) | 9.18 |
| Return on Net Worth (RoNW) (%) | 49.40 |
| Return on equity (ROE) (%) | 71.25 |
| Return on Capital Employed (ROCE) (%) | 55.78 |
| Debt/Equity Ratio | 0.26 |
AMIC Forging Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CMP (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Amic Forging Limited | Consolidated | 126 | 10.00 | 12.83 | 9.18 | 49.40 | 25.98 |
| Peer Group | |||||||
| Maiden Forgings Limited | Consolidated | 109.00 | 10.00 | 9.21 | 10.42 | 23.59 | 40.00 |
| Ramkrishna Forgings Limited | Consolidated | 764.00 | 2.00 | 4.81 | 139.21 | 18.77 | 85.16 |
AMIC Forging IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹113 | – | – |
| 1 December 2023 | ₹113 | – | – |
| 30 November 2023 | ₹65 | – | – |
| 29 November 2023 | ₹65 | – | – |
| 28 November 2023 | ₹0 | – | – |
| 27 November 2023 | ₹0 | – | – |
AMIC Forging IPO Detail Video:
AMIC Forging IPO Subscription Status (Bidding Detail)
The AMIC Forging IPO on December 1, 2023 at 7:30:00 PM was subscribed 289.05 times, with the retail category being subscribed 273.01 times, the NII (Non-Institutional Investor) category being subscribed 589.27 times, QIB (Qualified-Institutional Buyers) category being subscribed 91.43 times.
| Category | Subscription |
| QIB | 91.43x |
| NII | 589.27x |
| Retail | 273.01x |
| Total | 289.05x |
AMIC Forging IPO Prospectus
| AMIC Forging IPO DRHP | Download |
| AMIC Forging IPO RHP | Download |
| AMIC Forging IPO Anchor Investors Details PDF | Download |
AMIC Forging IPO Rating
| Our Rating | 3.0/5.0 |
AMIC Forging Company Contact Information
AMIC Forging Limited
Registered Office: 3A, Garstin Place, 2nd Floor, Kolkata – 700001, West Bengal, India
Contact Person: Ms. Neha Fatehpuria, Company Secretary and Compliance Officer
Tel: 033 – 40668190
E-mail: amic@amicforgings.com
Website: www.amicforgings.com
Our Promoter: Mr. Girdhari Lal Chamaria, Mr. Anshul Chamaria, Ms. Manju Chamaria and Ms. Rashmi Chamaria
AMIC Forging IPO Registrar
Link Intime India Private Limited
Registered Office: S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India
Tel No.: +91 – 22 – 6263 8200
Fax No.: +91 – 22 – 6263 8299
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Vinayak Morbale
SEBI Registration No.: INR000001385
CIN: U99999MH1994PTC076534
AMIC Forging IPO Lead Manager
Gretex Corporate Services Limited
Registered Office: Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India.
Tel No.: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Contact Person: Ms. Dimple Magharam Slun
SEBI Registration No: INM000012177
CIN: L74999MH2008PLC288128
AMIC Forging IPO FAQs
What is the lot size of AMIC Forging IPO?
The total size of AMIC Forging IPO is ₹34.80 crores and this is a complete fresh Issue.
When will AMIC Forging IPO start?
AMIC Forging IPO will open from 29 November 2023 and IPO will close on 1 December 2023.
What is the open date of AMIC Forging IPO?
AMIC Forging IPO will open date from 29 November 2023.
What is the last date ( close date ) of AMIC Forging IPO?
AMIC Forging IPO will close from 1 December 2023.
What is the price band of AMIC Forging IPO?
AMIC Forging IPO price band is ₹121 to ₹126. ( Upper Price Band: ₹126, Lower Price Band: ₹121 )
What is the minimum amount required to apply for AMIC Forging IPO?
The minimum investment for retailers to apply for AMIC Forging IPO is ₹126,000 and the maximum investment is ₹126,000.
What is going on gray market premium of AMIC Forging IPO?
View gray market premium of AMIC Forging IPO by Clicking Here
How much is the GMP of AMIC Forging IPO?
Watch AMIC Forging IPO GMP Today: Click Here
What is the allotment date of AMIC Forging IPO?
The allotment date of AMIC Forging IPO is 6 December 2023.
How to check allotment status in AMIC Forging IPO?
To check the allotment status of AMIC Forging IPO, first of all go to the registrar website by clicking here, select your bad AMIC Forging IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of AMIC Forging IPO?
The listing date of AMIC Forging IPO is 11 December 2023.
How much will be the listing gain in AMIC Forging IPO?
View listing gain of AMIC Forging IPO by Clicking Here
How much time AMIC Forging IPO is subscribed?
Total 289.05 times subscribed in AMIC Forging IPO out of which 273.01 times subscription was done in retail quota, 589.27 times subscription in NII quota and 91.43 times subscription in QIB quota.
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