Bookbuilding IPO | ₹35 Cr | Listed at BSE SME | Wed, Nov 29, 2023 - Fri, Dec 1, 2023
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,26,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Nov 29, 2023
IPO Close
Fri, Dec 1, 2023
Issue Price
₹126 per share
Market Cap (Pre-IPO)
₹132.15 Cr
| IPO Date | 29 Nov to 1 Dec, 2023 |
| Listed on | Wed, Dec 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹126 |
| Issue Price | ₹126 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,62,000 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker | 1,39,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 26,23,000 shares (agg. up to ₹33 Cr) |
| Net Offered to Public | 26,23,000 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 77,26,410 shares |
| Share Holding Post Issue | 1,04,88,410 shares |
| BSE Script Code | 544037 |
| ISIN | INE0P9J01013 |
AMIC Forging IPO comprises a total issue size of 27,62,000 shares. The net offer to the public is 26,23,000 shares, after excluding 1,39,000 shares allotted on a firm basis. Of the Net offer 13,10,000 (49.94%) are allocated to QIB, 3,94,000 (15.02%) allocated to NII 9,19,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,10,000 | 49.94% | 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 | 15.02% | 14.27% |
| Retail Shares Offered | 9,19,000 | 35.04% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,39,000 | 5.03% | |
| Total Shares Offered | 27,62,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
AMIC Forging IPO raises ₹9.90 crore from anchor investors. AMIC Forging IPO Anchor bid date is November 28, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 28, 2023 |
| Shares Offered | 7,86,000 |
| Anchor Portion (₹ Cr.) | 9.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 3, 2024 |
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.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.68 | 61.08 | 31.64 | 16.22 |
| Total Income | 29.79 | 116.83 | 71.39 | 26.43 |
| Profit After Tax | 3.60 | 9.80 | 0.87 | 0.56 |
| NET Worth | 23.38 | 19.84 | 7.67 | 6.81 |
| Reserves and Surplus | 22.53 | 18.98 | 6.96 | 6.10 |
| Total Borrowing | 2.87 | 3.85 | 10.71 | 4.37 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Manufacturing facility | 22.35 |
| 2 | Working Capital Requirements | 7.50 |
| 3 | General Corporate Purposes | 1.00 |
| Total | 30.85 |
| KPI | |
|---|---|
| ROE | 71.25% |
| ROCE | 55.78% |
| Debt/Equity | 0.26 |
| RoNW | 49.40% |
| PAT Margin | 8.46% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.83 | |
| P/E (x) | 1.01 | 9.18 |
| Promoter Holding | 78.38% | 57.74% |
| Market Cap | ₹132.15 Cr. |
The AMIC Forging IPO is subscribed 289.05 times on December 1, 2023 7:02:00 PM (Day 3). The public issue subscribed 273.01 times in the retail category, 91.43 times in the QIB category, and 589.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 91.43 | 5,24,000 | 4,79,11,000 |
| NII* | 589.27 | 3,94,000 | 23,21,74,000 |
| Retail | 273.01 | 9,19,000 | 25,08,97,000 |
| Total | 289.05 | 18,37,000 | 53,09,82,000 |
Total Application : 3,10,073
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.23 |
| 2 | Underwriting Fees | 1.74 |
| 3 | Market Making Fees | 1.61 |
| 4 | Fees payable to Registrar to Issue | 0.03 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.04 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.08 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.17 |
| 10 | Payment to Sponsor Bank | 0.02 |
| 11 | Statutory & Other Reports | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹126.00 |
| Open | ₹239.40 |
| Low | ₹239.40 |
| High | ₹251.35 |
| Last Trade | ₹251.35 |
Lead Manager Reports
AMIC Forging IPO is a SME IPO of 27,62,000 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹126 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Nov 29, 2023, and closes on Fri, Dec 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 Wed, Nov 29, 2023 and closes on Fri, Dec 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 Tue, Dec 5, 2023. Check the AMIC Forging IPO allotment status.
The AMIC Forging IPO listing date is on Wed, Dec 6, 2023.
