AMIC Forging Limited IPO Detail
Incorporated in 2007, AMIC Forging Limited, previously known as Kali Mata Forging Private Limited, manufactures forged components catering to various industries.
The company manufactures precision machined components such as 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 and International Standards like AISI, BS, IS, DIN, etc, catering to the requirements of various industries such as Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries. These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel, and Tools Alloys.
AMIC Forging's manufacturing facilities have a forging unit with a 6 M/ton capacity Electro Hydraulic Hammer along with a 1 M/ton capacity Pneumatic Hammer, each hammer runs with the support of a Manipulator with 3 Overhead Cranes, Jib Cranes, 3 oil-fired furnace (Temperature controlled) with all necessary accessories.
The company 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 the manufacturing process.
AMIC Forging recorded a total of Rs. 2,954.57 Lacs, Rs. 11,585.41 Lacs, and Rs. 7,111.97 Lacs in revenue from operations for the period ended June 30, 2023, March 31, 2023, and March 31, 2022, respectively.
Company Promoters
Mr. Girdhari Lal Chamaria, Mr. Anshul Chamaria, Ms. Manju Chamaria, and Ms. Rashmi Chamaria.IPO Details
| IPO Opening Date | Nov 29, 2023 |
| IPO Closing Date | Dec 01, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 - 126 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹34.80 Cr |
| Fresh Issue | ₹34.80 Cr |
| Offer for Sale | - |
| Retail Portion | 33.27% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 3.53x | - | - | 4.02x | 6.65x | 5.20x |
| Day 2 | 7.43x | - | - | 20.90x | 35.09x | 24.16x |
| Day 3 | 91.43x | - | - | 589.27x | 273.01x | 289.05x |
IPO Tentative Timetable
The AMIC Forging Limited IPO open date is Nov 29, 2023, and the close date is Dec 01, 2023. The issue may list on Dec 11, 2023.
| IPO Open Date | Nov 29, 2023 |
| IPO Close Date | Dec 01, 2023 |
| Basis of Allotment Date | Dec 06, 2023 |
| Initiation of Refunds | Dec 07, 2023 |
| Credit of Shares to Demat Account | Dec 08, 2023 |
| IPO Listing Date | Dec 11, 2023 |
IPO Lot Size
The AMIC Forging Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹126000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹126000 |
| Maximum | 1 | 1000 | ₹126000 |
IPO Promoter Holding
| Pre Issue Share Holding | 78.38% |
| Post Issue Share Holding | 57.74% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1622.07 | 2643.37 | 56.27 |
| 31-Mar-22 | 3163.87 | 7138.82 | 86.59 |
| 31-Mar-23 | 6107.99 | 11683.01 | 980.01 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Setting up of Manufacturing facility.
- Working Capital Requirements.
- General Corporate Purposes.
AMIC Forging Limited IPO Registrar:
Bigshare Services Pvt Ltd
AMIC Forging Limited IPO Lead Manager(s):
Gretex Corporate Services Limited
Company Contact Information:
AMIC Forging Limited
3A, Garstin Place,
2nd Floor,
Kolkata – 700001
