Last updated on December 6, 2023
AMIC Forging IPO description – The company is a manufacturer in the forging industry and is engaged in manufacturing forged components catering to various industries. AMIC Forging manufacture precision machined components as per customer specifications and International standard catering to the requirements of various industry such as Heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries.
AMIC Forging has expertise in manufacturing different forging components as per international standards like AISI, BS, IS, DIN, etc. Some of the common running components are Rounds, Shafts, Blanks, and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, and other all kinds of engineering spares as per customer specifications. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel, and Tools Alloys.
The company’s manufacturing facilities have a forging unit with a 6 Metric tonne capacity Electro Hydraulic Hammer along with a 1 Metric tonne capacity Pneumatic Hammer, each hammer runs with the support of a Manipulator with 3 Overhead Cranes, Jib Cranes, 3 oil-fired furnaces (Temperature controlled) with all necessary accessories.
Also, it has a Heat Treatment Plant which has an oil bogie hearth automatically controlled furnace with a four-point recording arrangement & temperature graph indicator/recorder with water and oil quenching arrangement. Apart from the above the company also has a machine shop which contains many machines required for manufacturing process.
Promoters of AMIC Forging – Mr. Girdhari Lal Chamaria, Mr. Anshul Chamaria, Ms. Manju Chamaria, and Ms. Rashmi Chamaria
Table of Contents
AMIC Forging IPO Details
| AMIC Forging IPO Dates | 29 Nov – 1 Dec 2023 |
| AMIC Forging Issue Price | INR 121 – 126 per share |
| Fresh issue | 27,62,000 shares (INR 33.42 – 34.80 crore) |
| Offer For Sale | Nil |
| Total IPO size | 27,62,000 shares (INR 33.42 – 34.80 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 126,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
AMIC Forging Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 26.41 | 71.12 | 115.85 | 29.55 |
| Expenses | 25.64 | 70.15 | 103.68 | 24.89 |
| Net income | 0.56 | 0.87 | 9.80 | 3.60 |
AMIC Forging Offer News
- AMIC Forging RHP
- AMIC Forging Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
AMIC Forging Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.75 | 1.14 | 12.83 |
| PE ratio | – | – | 9.43 – 9.82 |
| RONW (%) | 8.27 | 11.29 | 49.40 |
| NAV | 9.09 | 10.12 | 25.98 |
| ROCE (%) | 10.05 | 10.31 | 55.78 |
| EBITDA (%) | 5.71 | 3.08 | 11.71 |
| Debt/Equity | 0.58 | 1.37 | 0.26 |
AMIC Forging IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 December 2023 | 105 | – | 95,000 |
| 4 December 2023 | 98 | – | 96,500 |
| 2 December 2023 | 68 | – | 82,000 |
| 30 November 2023 | 27 | – | 32,500 |
| 29 November 2023 | 21 | – | 26,000 |
| 28 November 2023 | 12 | – | 15,000 |
| 27 November 2023 | 12 | – | 15,000 |
| 25 November 2023 | 12 | – | 15,000 |
| 24 November 2023 | 15 | – | – |
AMIC Forging IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 524,000 | 533,000 | 919,000 | 1,976,000 |
| 1 Dec 2023 | 91.43 | 435.86 | 273.00 | 268.78 |
| 30 Nov 2023 | 7.43 | 15.72 | 35.16 | 22.56 |
| 29 Nov 2023 | 3.53 | 2.97 | 6.65 | 4.83 |
AMIC Forging IPO Allotment Status
AMIC Forging IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
AMIC Forging IPO Dates & Listing Performance
| IPO Opening Date | 29 November 2023 |
| IPO Closing Date | 1 December 2023 |
| Finalization of Basis of Allotment | 4 December 2023 |
| Initiation of refunds | 5 December 2023 |
| Transfer of shares to demat accounts | 6 December 2023 |
| IPO Listing Date | 6 December 2023 |
| Opening Price on BSE SME | INR 239.4 per share (up 90%) |
| Closing Price on BSE SME | INR 251.35 per share (up 99.48%) |
AMIC Forging Offer Lead Manager
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor,
New Bansilal Building, Raja Bahadur Mansion,
9-15, Homi Modi Street, Fort, Mumbai– 400001
Phone: +91 96532 49863
Email:Â [email protected]
Website:Â www.gretexcorporate.com
AMIC Forging Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
AMIC Forging IPO Contact Details
AMIC FORGING LIMITED
3A, Garstin Place, 2nd Floor,
Kolkata – 700001, West Bengal, India
Phone: 033 – 40668190
E-mail: [email protected]
Website: www.amicforgings.com
IPO FAQs
What is the AMIC Forging offer size?
AMIC Forging offer size is INR 33.42 – 34.80 crores.
What is the AMIC Forging offer price band?
AMIC Forging public offer price is INR 121 – 126 per share.
What is the lot size of the AMIC Forging IPO?
AMIC Forging offer lot size is 1,000 shares.
What is AMIC Forging IPO GMP today?
AMIC Forging IPO GMP today is INR 105 per share.
What is the AMIC Forging kostak rate today?
AMIC Forging kostak rate today is NA per application.
What is AMIC Forging Subject to Sauda rate today?
AMIC Forging Subject to Sauda rate today is INR 95,000 per application.
