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AMIC Forging IPO is a book build issue of ₹34.80 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹34.80 crore.
AMIC Forging IPO bidding started from Nov 29, 2023 and ended on Dec 1, 2023. The allotment for AMIC Forging IPO was finalized on Dec 4, 2023. The shares got listed on BSE SME on Dec 6, 2023.
AMIC Forging IPO price band is set at ₹126.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,21,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,52,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to AMIC Forging IPO RHP for detailed Information.
| IPO Date | November 29, 2023 to December 1, 2023 |
| Listing Date | December 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹121 to ₹126 per share |
| Issue Price Final | ₹126 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,62,000 shares (aggregating up to ₹34.80 Cr) |
| Reserved for Market Maker | 1,39,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹1.75 Cr) |
| Net Offered to Public | 26,23,000 shares (aggregating up to ₹33.05 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 77,26,410 shares |
| Share Holding Post Issue | 1,04,88,410 shares |
AMIC Forging IPO offers total 27,62,000 shares. Out of which 13,10,000 (47.43%) allocated to QIB, 5,24,000 (18.97%) allocated to QIB, 3,94,000 (14.27%) allocated to NII, 9,19,000 (33.27%) allocated to RII and 7,86,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,39,000 (5.03%) |
| QIB Shares Offered | 13,10,000 (47.43%) |
| − Anchor Investor Shares Offered | 7,86,000 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 5,24,000 (18.97%) |
| NII (HNI) Shares Offered | 3,94,000 (14.27%) |
| Retail Shares Offered | 9,19,000 (33.27%) |
| Total Shares Offered | 27,62,000 (100.00%) |
AMIC Forging IPO raises ₹9.90 crore from anchor investors. AMIC Forging IPO Anchor bid date is November 28, 2023. AMIC Forging IPO Anchor Investors list
| Bid Date | November 28, 2023 |
| Shares Offered | 7,86,000 |
| Anchor Portion Size (In Cr.) | 9.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 3, 2024 |
AMIC Forging IPO opens on November 29, 2023, and closes on December 1, 2023.
| IPO Open Date | Wed, Nov 29, 2023 |
| IPO Close Date | Fri, Dec 1, 2023 |
| Tentative Allotment | Mon, Dec 4, 2023 |
| Initiation of Refunds | Tue, Dec 5, 2023 |
| Credit of Shares to Demat | Tue, Dec 5, 2023 |
| Tentative Listing Date | Wed, Dec 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 1, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,26,000 |
| Retail (Max) | 1 | 1,000 | ₹1,26,000 |
| HNI (Min) | 2 | 2,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 2007, AMIC Forging Limited, previously known as Kali Mata Forging Private Limited, manufactures forged components catering to various industries.
AMIC Forging's product portfolio includes main shafts for wind energy, drum tube sheets, casting molds, forged shells, tube sheets, channel covers, trunnions for nuclear power plants, forged necks, wheels, and nozzles for oil and gas.
The company's customers include companies from heavy engineering, the steel industry, the oil and gas industry, the petrochemical industry, the chemical industry, refineries, thermal power plants, nuclear power plants, hydropower plants, the cement industry, the sugar industry, and other related industries.
All products are made of carbon steel, alloy steel, stainless steel, nickel, and tool alloys.
As of June 30, 2023, the company had 80 Employees consisting of 56 permanent employees and 24 temporary laborers.
The company's manufacturing units are equipped with a forging unit with an electro-hydraulic hammer with a capacity of 6 M/ton and a pneumatic hammer with a capacity of 1 M/ton.
AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,367.84 | 6,107.99 | 3,163.87 | 1,622.07 |
| Total Income | 2,979.32 | 11,683.01 | 7,138.82 | 2,643.37 |
| Profit After Tax | 359.94 | 980.01 | 86.59 | 56.27 |
| Net Worth | 2,338.43 | 1,983.75 | 767.28 | 680.69 |
| Reserves and Surplus | 2,252.58 | 1,897.90 | 696.21 | 609.62 |
| Total Borrowing | 287.37 | 385.17 | 1,071.32 | 436.50 |
| Amount in ₹ Lakhs | ||||
The market capitalization of AMIC Forging IPO is ₹132.15 Cr.
| KPI | Values |
|---|---|
| ROE | 71.25% |
| ROCE | 55.78% |
| Debt/Equity | 0.26 |
| RoNW | 49.40% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive segment with many big players around. The sudden boost in its profit margins from FY23 raises eyebrows and concern over sustainability. Based on its supper annualized FY24 earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long-term rewards. Read detail review...
| Listing Date | December 6, 2023 |
| BSE Script Code | 544037 |
| NSE Symbol | |
| ISIN | INE0P9J01013 |
| Final Issue Price | ₹126 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹126.00 |
| Open | ₹239.40 |
| Low | ₹239.40 |
| High | ₹251.35 |
| Last Trade | ₹251.35 |
AMIC Forging Ltd.
3A, Garstin Place,
2nd Floor,
Kolkata – 700001
Kolkata, West Bengal
Phone: 033 - 40668190
Email: amic@amicforgings.com
Website: https://www.amicforgings.com/index.html
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
AMIC Forging IPO is a SME IPO of 27,62,000 equity shares of the face value of ₹10 aggregating up to ₹34.80 Crores. The issue is priced at ₹126 per share. The minimum order quantity is 1000.
The IPO opens on November 29, 2023, and closes on December 1, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in AMIC Forging IPO using UPI as a payment gateway. Zerodha customers can apply in AMIC Forging IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AMIC Forging IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AMIC Forging IPO opens on November 29, 2023 and closes on December 1, 2023.
AMIC Forging IPO lot size is 1000, and the minimum amount required for application is ₹1,26,000.
You can apply in AMIC Forging IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for AMIC Forging IPO will be done on Monday, December 4, 2023, and the allotted shares will be credited to your demat account by Tuesday, December 5, 2023. Check the AMIC Forging IPO allotment status.
The AMIC Forging IPO listing date is on Wednesday, December 6, 2023.
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