The AMIC Forging IPO commenced on November 29, 2023, and concluded on December 1, 2023. The allotment of shares took place on December 6, 2023, and the initiation of refunds began on December 7, 2023. The shares were credited to the demat accounts of investors on December 8, 2023. Finally, the listing of AMIC Forging on the stock exchange occurred on December 11, 2023.
The AMIC Forging IPO was priced at ₹121 to ₹126 per share, with a lot size of 1000 shares. The total issue size was ₹34.80 crores, comprising a fresh issue of ₹34.80 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
AMIC Forging IPO Basic Details
| Company Name | AMIC Forging Limited |
| Domain of Company | Forging Company |
| AMIC Forging IPO GMP Today | ₹113 |
| AMIC Forging IPO Listing Gain | 89.68% |
| AMIC Forging IPO Open Date | November 29, 2023 |
| AMIC Forging IPO Close Date | December 1, 2023 |
| AMIC Forging IPO Allotment Date | December 6, 2023 |
| AMIC Forging IPO Listing Date | 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 |
| Company Promoters | Mr. Girdhari Lal Chamaria, Mr. Anshul Chamaria, Ms. Manju Chamaria, and Ms. Rashmi Chamaria |
AMIC Forging IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹113 | 89.68% | – | – |
| 1 December 2023 | ₹113 | 89.68% | – | – |
| 30 November 2023 | ₹113 | 89.68% | – | – |
AMIC Forging Limited IPO Details:
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 complete finished engineering spare parts like Gear coupling, Hub, Round, Flange, and other engineering spares, all tailored to customer specifications and international standards such as AISI, BS, IS, DIN, etc. We cater to diverse industries, including Heavy Engineering, Steel, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement, Sugar, and related sectors. Our products, crafted from carbon steel, alloy steel, stainless steel, Nickel, and Tools Alloys, meet the highest standards.
At AMIC Forging, our manufacturing facilities boast a 6 M/ton capacity Electro Hydraulic Hammer and a 1 M/ton capacity Pneumatic Hammer. These hammers are supported by a Manipulator with 3 Overhead Cranes, Jib Cranes, and 3 oil-fired furnaces (temperature controlled), equipped with all necessary accessories.
Additionally, we have a Heat Treatment Plant featuring an oil bogie hearth automatically controlled furnace, a four-point recording arrangement, and a temperature graph indicator/recorder. This plant includes water and oil quenching arrangements. Our machine shop is well-equipped with various machines essential for the manufacturing process.
As of June 30, 2023, our revenue from operations totaled Rs. 2,954.57 Lacs, compared to Rs. 11,585.41 Lacs on March 31, 2023, and Rs. 7,111.97 Lacs on March 31, 2022.
AMIC Forging IPO More Details Click Here
AMIC Forging IPO FAQs
When is AMIC Forging IPO open?
AMIC Forging IPO will open on 29 November 2023.
When is AMIC Forging IPO Close?
AMIC Forging IPO will be closed on 1 December 2023.
What is AMIC Forging IPO GMP Today?
The AMIC Forging IPO GMP aka Grey Market Premium is ₹113.
What is AMIC Forging IPO Kostak Rates Today?
The AMIC Forging IPO Kostak Rate is ₹000.
What is AMIC Forging IPO Subject to Sauda Price Today?
The AMIC Forging IPO subject to sauda rates is ₹000.
AMIC Forging IPO Expected Returns?
The AMIC Forging expected return is 89.68%.
How much will be the listing gain in AMIC Forging IPO?
AMIC Forging IPO will get listing gain of 89.68%. (Approx.)
