AMIC Forging IPO Subscription Status (Live Data)

AMIC Forging IPO Subscription Status (Live Data)

The AMIC Forging IPO started on November 29, 2023, and ended on December 1, 2023. Shares were allocated on December 6, 2023, and refund processes began on December 7, 2023. On December 8, 2023, the shares were credited to investors demat accounts. AMIC Forging was officially listed on the stock exchange on December 11, 2023.

During the IPO, AMIC Forging offered shares at a price range of ₹121 to ₹126 per share, and the lot size was 1000 shares. The total issue size was ₹34.80 crores, with 34.80 crores from new shares. The IPO was listed on the BSE SME.

Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.

AMIC IPO Subscription Update Video

AMIC Forging IPO Subscription Status

The AMIC Forging IPO on December 1, 2023 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, the QIB (Qualified-Institutional Buyers) category being subscribed 91.43 times.

CategorySubscription
QIB91.43x
NII589.27x
Retail273.01x
Total289.05x

AMIC Forging IPO Basic Details

Company NameAMIC Forging Limited
Domain of CompanyForging Company
AMIC Forging IPO GMP Today₹0.00
AMIC Forging IPO Listing Gain0.00%
AMIC Forging IPO Open DateNovember 29, 2023
AMIC Forging IPO Close DateDecember 1, 2023
AMIC Forging IPO Allotment DateDecember 6, 2023
AMIC Forging IPO Listing DateDecember 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
Company PromotersMr. Girdhari Lal Chamaria,
Mr. Anshul Chamaria,
Ms. Manju Chamaria, and
Ms. Rashmi Chamaria

About AMIC Forging Limited

Established in 2007, AMIC Forging Limited, formerly known as Kali Mata Forging Private Limited, creates forged components for different industries. We specialize in crafting precision machined items like Rounds, Shafts, Blanks, and complete finished engineering spare parts such as Gear coupling, Hub, Round, Flange, and various engineering spares based on customer specifications and international standards like AISI, BS, IS, DIN, etc.

Our products cater to the needs of various industries, including Heavy Engineering, Steel, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement, Sugar, and related sectors. These items are primarily made from materials like 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 with necessary accessories.

Additionally, we have a Heat Treatment Plant featuring an oil bogie hearth, an automatically controlled furnace, a four-point recording arrangement, and a temperature graph indicator/recorder. This plant includes water and oil quenching arrangements. Beyond that, our company houses a 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 revenue from operations amounting to Rs. 2,954.57 Lacs, Rs. 11,585.41 Lacs, and Rs. 7,111.97 Lacs, respectively.

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AMIC Forging IPO FAQs

What is the start and end date of AMIC Forging IPO Subscription?

The AMIC Forging IPO started on November 29, 2023, and ended on December 1, 2023.

When does AMIC Forging IPO Subscription open?

The AMIC Forging IPO open on November 29, 2023.

When does AMIC Forging IPO Subscription close?

The AMIC Forging IPO Close on December 1, 2023.

What is the allotment date of AMIC Forging IPO?

The allotment date for AMIC Forging IPO is December 6, 2023.

When is the initial refund date of AMIC Forging IPO?

The initial Refund date for AMIC Forging IPO is December 7, 2023.

When were the shares credited to investors demat accounts for the AMIC Forging IPO?

The shares for the AMIC Forging IPO were credited to investors demat accounts on December 8, 2023.

When will AMIC Forging IPO be listed on the stock market?

AMIC Forging IPO stock market will be listed on December 11, 2023 at 10 am.

What was the price range of the AMIC Forging IPO shares?

The AMIC Forging IPO shares were offered at a price range of ₹121 to ₹126 per share.

What was the lot size for the AMIC Forging IPO shares?

The lot size for the AMIC Forging IPO shares was 1000 shares.

What was the total issue size of the AMIC Forging IPO?

The total issue size of the AMIC Forging IPO was ₹34.80 crores.

How were the shares allocated among different types of investors for the AMIC Forging IPO?

50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.

On which stock exchanges was the AMIC Forging IPO listed?

The AMIC Forging IPO was listed on the BSE SME.

What is the AMIC Forging IPO Subscription Status?

AMIC Forging IPO is subscribed 289.05 Times.

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