AMIC Forging is set to launch an IPO which will open on November 29, 2023, and close on December 01, 2023. Through this public offer the company wants to raise Rs. 34.80 crore from the primary market, The Company fixed the price band of Rs. 121-126 with a minimum lot of 1000 shares, and listed on December 11, according to the preliminary papers filed to the capital market regulator SEBI.
About AMIC Forging Company
AMIC Forging (2007) is engaged in the business of manufacturing forged components catering to various industries, and also the manufacturing the customized precious machined components for the customers.
AMIC Forging IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Capital expenditure toward the manufacturing facility
- The working capital requirement of the company
- General corporate expenses.
AMIC Forging Strength
- Scaleable business model
- Large and wide product portfolio
- Well-developed distribution network
- Experienced promoters and senior management
- Advance manufacturing processes.
AMIC Forging Risk Factor
- Outstanding legal proceeding
- Ineligible presence in the export market
- Failure to maintain the quality standard for the products
AMIC Forging IPO Review & Rating
| Issue Size (Rs.) | 34.80 crore |
| Issue Price (Rs.) | 121-126 per share |
| Minimum Lot Size | 1000 shares |
| Total Profit (March 2023) (Rs.) | 9.80 crore |
| RoCE (%) | 55.78% |
| NAV (Rs.) | 285.39 |
| Listing on | BSE-SME |
| IPO Deliver Rating | Two |
AMIC Forging IPO Dates, Price Band & Details
AMIC Forging IPO will open on November 29, 2023, and close on December 01, 2023. The IPO list on December 11, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size (Rs.) | 34.80 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | November 29, 2023 |
| IPO Close Date | December 01, 2023 |
| IPO Allotment Date | December 06, 2023 |
| Refund Date | December 07, 2023 |
| Share Credit Date | December 08, 2023 |
| Listing Date | December 11, 2023 |
AMIC Forging IPO Offer
AMIC Forging IPO’s total issue size is 27,62,000 shares which comprise the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 27,62,000 | 34.80 crore |
| Offer for Sale (OFS) | – | – |
AMIC Forging Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 11,683.01 | 7,138.82 | 2,643.47 |
| Net Worth | 1,983.75 | 767.28 | 680.69 |
| Profit | 980.01 | 86.59 | 56.27 |
| Borrowings | 385.17 | 1017.32 | 436.50 |
AMIC Forging IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 127.58 | 12.18 | 9.10 |
| RoNW (%) | 49.40 | 11.29 | 8.27 |
| NAV (Rs.) | 285.39 | 107.96 | 110.10 |
AMIC Forging IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Maiden Forgings | 9.21 | 23.59 | 40 |
| Ramakrishna Forgings | 4.81 | 18.77 | 85.16 |
AMIC Forging Company Promoters
As per the DRHP and RHP, the company has four promoters.
| Serial No. | Name |
| 01. | Girdhari Lal Chamaria |
| 02. | Anshul Chamaria |
| 03. | Manju Chamaria |
| 04. | Rashmi Chamria |
AMIC Forging Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 78.38 |
| Post- Issue | 57.74 |
AMIC Forging IPO Reservation
AMIC Forging IPO total reservation shares are distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB Share Offered | Not more than 50% of the issue size |
| RII Share Offered | Not less than 35% of the issue size |
| NII Share Offered | Not less than 15% of the issue size |
AMIC Forging IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1000 Shares and a maximum of 1 lot of 1000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 1000 | 1,26,000 |
| Retail Maximum | 01 | 1000 | 1,26,000 |
AMIC Forging IPO – Prospectus
An investor can download/view the AMIC Forging prospectus copy, which was filed by the company to SEBI, details are as follows.
| AMIC Forging IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
AMIC Forging IPO Registrar
Bigshare Services Private Limited
Tel No.: +91-22-6263 8200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
AMIC Forging IPO lead manager
Gretex Corporate Services Limited
Tel No.: +91-96532 49863
E-Mail: info@gretexgroup.com
Website: www.gretexgroup.com
AMIC Forging IPO Application (How to Apply for an IPO)
There are primary four options for applying for an AMIC Forging IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “AMIC Forging Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “AMIC Forging Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
AMIC Forging Company Details
AMIC Forging Limited
Registered Office: 3A, Garstin Place, 2nd Floor, West Bangal, Kolkata- 700001
Tel. No: +91-033-40668190
Email: amic@amicgorging.com
Website: www.amicgorging.com
Investor Grievances/Compliance Officer: Ms. Neha Fatehpuria
AMIC Forging Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
AMIC Forging Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Girdhari Lal Chamaria |
| 02. | Anshul Chamaria |
AMIC Forging IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is AMIC Forging IPO?
Ans: AMIC Forging brings its SME IPO of Rs. 34.80 crores, on November 29, 2023, with a price band of Rs. 121-126 per share.
Q-2 What is AMIC Forging IPO Open date?
Ans: AMIC Forging IPO opening date is November 29, 2023.
Q-3 What is AMIC Forging IPO Close Date?
Ans: AMIC Forging IPO closing date is December 01, 2023.
Q-4 What is AMIC Forging IPO Listing date?
Ans: AMIC Forging IPO listing date is December 11, 2023.
Q-5 What is AMIC Forging IPO Minimum investment amount?
Ans: AMIC Forging IPO minimum investment amount is Rs. 1,26,000.
Q-6 What is AMIC Forging IPO offer issue Size?
Ans: AMIC Forging offers an issue size of Rs. 34.80 Crores.
Q-7 What is AMIC Forging IPO Price Band?
Ans: AMIC Forging IPO price band is Rs. 121-126 per share.
Q-8 Is AMIC Forging IPO mainboard IPO or SME IPO?
Ans: AMIC Forging IPO is an SME IPO.
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