AMIC Forging IPO Details | GMP, Date, Price, Review

AMIC Forging IPO

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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

  1. Main Shaft for Wind Energy
  2. Drum Tube Sheet
  3. Casting Mold
  4. Forged Shell
  5. Tube Sheet
  6. Channel Cover
  7. Trunnion for Nuclear Power Plant
  8. Forged Neck
  9. Wheel
  10. 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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of AMIC Forging IPO Issue

  • Setting up of Manufacturing facility.
  • Working Capital Requirements.
  • General Corporate Purposes.

AMIC Forging IPO Basic Details

IPO DateNov 29, 2023 to Dec 1, 2023
Listing DateMonday, December 11, 2023
Face Value₹10 per share
Price₹121 to ₹126 per share
Lot Size1000 Shares
Issue Size2,762,000 shares of ₹10
(aggregating up to ₹34.80 Cr)
Fresh Issue2,762,000 shares of ₹10
(aggregating up to ₹34.80 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue7,726,410
Share holding post issue10,488,410
Company PromotersMr. Girdhari Lal Chamaria,
Mr. Anshul Chamaria,
Ms. Manju Chamaria, and
Ms. Rashmi Chamaria

AMIC Forging IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% 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.

Opening Date29 November 2023 (Wednesday)
Closing Date1 December 2023 (Friday)
Basis of Allotment6 December 2023 (Wednesday)
Initiation of Refunds7 December 2023 (Thursday)
Credit of Shares to Demat8 December 2023 (Friday)
Listing Date11 December 2023 (Monday)
Deadline for UPI mandate confirmation5 PM on 1 December 2023


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.

Retail (Min)11000₹126,000
Retail (Max)11000₹126,000
S-HNI (Min)22000₹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 Holding78.38%
Post Issue Share Holding57.74%

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.

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 Ratio0.26

AMIC Forging Ltd Peer Comparison

Company NameConsolidated/
Amic Forging LimitedConsolidated12610.0012.839.1849.4025.98
Peer Group
Maiden Forgings LimitedConsolidated109.0010.009.2110.4223.5940.00
Ramkrishna Forgings

AMIC Forging IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
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.


AMIC Forging IPO Prospectus

AMIC Forging IPO DRHPDownload
AMIC Forging IPO RHPDownload
AMIC Forging IPO Anchor Investors Details PDFDownload

AMIC Forging IPO Rating

Our Rating3.0/5.0

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
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
Investor Grievance E-mail:
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
Contact Person: Ms. Dimple Magharam Slun
SEBI Registration No: INM000012177
CIN: L74999MH2008PLC288128


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.

How to apply for AMIC Forging IPO from Upstox?

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How to apply for AMIC Forging PO from Zerodha?

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How to apply for AMIC Forging IPO from Angle One?

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