AMIC Forging IPO will be Open on 29 November 2023 and Closed on 01 December 2023. The company has fixed the price of this IPO at ₹121 – ₹126 according to the face value of ₹10. The company will raise ₹34.80 Crores through this IPO under the 2,762,000 Equity Shares public issue, and the offer is 100% Book Built Issue. The company reserve quota in this IPO is 50% For QIB, 15% For NII, and 35% For Retail Investors. You can check AMIC Forging IPO GMP here.
AMIC Forging Limited is a manufacturer in the forging industry and is engaged in manufacturing forged Components catering to various industries. The company manufacture precision machined components as per customer specifications and International Standard catering to the requirements of various industries 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.
The company has expertise in manufacturing different forging components as per international standards like AISI, BS, IS, DIN, etc. 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 has state-of-the-art forging facilities and machining capabilities to cater to the requirements of its domestic & international customers. You can check the AMIC Forging IPO Subscription here.
Objects Of The Issue :
- Setting up of Manufacturing facility
- Working Capital Requirements
- General Corporate Purposes
Company Strengths :
- Experienced Promoters and Management Team
- Scalable Business Model
- Large & Diverse Product Portfolio
- Advanced Manufacturing Processes
- Well Developed Distribution Network
- Strong Sales, Marketing and Distribution Capabilities
- Adherence to quality standards
| Read also: Upcoming IPO List 2023 |
AMIC Forging IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹9.80 Cr ₹126 /EQ 12.83 9.18x 71.25 % 49.40 % 55.78 % 0.26 ₹25.98 ₹61.08 Cr ₹132.15 Cr 78.38 % 57.54 % |
| Team Review : | ✔ Apply For Listing Gain Long Term |
AMIC Forging IPO GMP Live:
AMIC Forging IPO GMP Or Grey Market Premium is available here. The SME IPO GMP Premium updated Day By Day IPO running Period and the GMP Rates fluctuated and stable some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| Today | Day wise Live GMP | ₹- |
AMIC ForgingS IPO Date & Price Band & Details :
| Issue Offer : | Book Built Issue |
| IPO Open : | 29 November 2023 |
| IPO Close : | 01 December 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹121 – ₹126 Per Share |
| Listing On : | BSE, SME |
| Issue Size : | ₹30.80 Cr {2,762,000 Shares} |
| Fresh Issue : | ₹30.80 Cr {2,762,000 Shares} |
AMIC Forging IPO Market Lot :
AMIC Forging IPO Minimum Market lot is 1 Lot with 1000 shares with ₹126,000 Application amount. The retail investors can apply up to 1 lot with 1000 Shares or ₹126,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1000 | ₹126,000 |
| Retail (Max) : | 1 | 1000 | ₹126,000 |
| S-HNI (Min) : | 2 | 2000 | ₹252,000 |
AMIC Forging IPO Net Reservation :
AMIC Forging IPO Net Reservation of 2,762,000 shares is to be bid for the public issue by AMIC Forging IPO with 1,311,500 for QIB 393,450 for NII 918,050 For RII.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 1,311,500 | ₹16.52 Cr |
| NII : | 15% | 393,450 | ₹4.96 Cr |
| RII : | 35% | 918,050 | ₹11.57 Cr |
| MMRP : | — | 139,000 | ₹1.75 Cr |
| Total : | 100% | 2,762,000 | ₹34.80 Cr |
AMIC Forging IPO EPS & RoNW :
The AMIC Forging company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹12.83 | 49.40% | ₹25.98 |
| 2022 | ₹1.14 | 11.29% | ₹10.12 |
| 2021 | ₹0.75 | 8.27% | ₹9.09 |
AMIC Forging IPO Peer Comparison PE :
The AMIC Forging, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Maiden Forgings Limited | 10.42 |
| 2. | Ramkrishna Forgings Limited | 139.21 |
AMIC Forging IPO Dates :
AMIC Forging IPO Date is 29 November 2023 and closes on 01 December 2023. The allotment will be finalized on 06 December 2023 and the IPO may list on 11 December 2023.
| Issue Open Date : | 29 November 2023 |
| Issue Close Date : | 01 December 2023 |
| Allotment Date : | 06 December 2023 |
| Refund Date : | 07 December 2023 |
| Share Credit Date : | 08 December 2023 |
| Listing Date : | 11 December 2023 |
AMIC Forging IPO Form :
There are two ways to apply for an AMIC Forging IPO. You can apply for AMIC Forging IPO through ASBA available in your bank account. You have to go to your online bank login select AMIC Forging IPO in the Invest section and apply through your bank account. Another option is you apply AMIC Forging IPO through an IPO form downloaded through NSE and BSE. See the AMIC Forging IPO Form – Download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
AMIC Forging Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹11,683.01 | ₹10,367.89 | ₹980.01 |
| 2022 | ₹7,138.82 | ₹7,014.84 | ₹86.59 |
| 2021 | ₹2,643.37 | ₹2,564.27 | ₹56.27 |
Company Promoters :
■ Mr. Girdhari Lal Chamaria
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
AMIC Forging IPO Lead Managers :
■ Gretex Corporate Services Limited
AMIC Forging IPO Registrar :
Bigshare Services Private Limited
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
Email: [email protected]
Investor Grievance Email:
[email protected] ;
Website: www.bigshareonline.com
Note: Check AMIC Forging IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
AMIC Forging Limited
3A, Garstin Place, 2nd Floor,
Kolkata – 700001, West Bengal, India
Tel: 033 – 40668190
Email: [email protected]
Website: https://amicforgings.com
AMIC Forging IPO FAQs :
What is AMIC Forging IPO?
AMIC Forging IPO is an SME IPO. They are going to raise ₹34.80 Crores via IPO. The issue is priced at ₹121 – ₹126 per equity share. The IPO is to be listed on BSE, SME.
When AMIC Forging IPO will open?
The IPO is to open on 29 Nov 2023 – 01 Dec 2023 for NII & RII.
How much is AMIC Forging IPO Size?
AMIC Forging IPO size is ₹34.80 Crores.
How much is the Fresh issue size of AMIC Forging IPO?
The Fresh issue size of AMIC Forging IPO ₹34.80 Cr.
What is AMIC Forging IPO Price Band?
AMIC Forging IPO Price Band is ₹121 – ₹126 Per share.
What is the AMIC Forging IPO Minimum and Maximum Lot Size?
The minimum bid is 1000 Shares with ₹126,000 amount while the maximum bid is 1000 shares with ₹126,000.
How much is AMIC Forging IPO Investors Portion?
The investors’ portion for QIB is 50% NII 15% and RII 35%.
When is the AMIC Forging IPO Allotment Date?
AMIC Forging IPO allotment date is 06 December 2023.
When is AMIC Forging IPO Listing Date?
AMIC Forging IPO listing date is 11 December 2023. The IPO to list on BSE, SME.
How to Apply the AMIC Forging IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “AMIC Forging IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the AMIC Forging IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “AMIC Forging IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the AMIC Forging IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “AMIC Forging IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the AMIC Forging IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “AMIC Forging IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| AMIC Forging GMP: Click Here AMIC Forging Subscription: Click Here AMIC Forging Allotment: Click Here AMIC Forging Listing: Click Here |
All AMIC Forging IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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