AMIC Forging is a manufacturer in the forging industry and is engaged in manufacturing forged Components catering to various industries. They manufacture precision machined components as per customer specifications and International Standards 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.
They have expertise in manufacturing different forging components as per international standards like AISI, BS, IS, DIN, etc. Some of their 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. By integrating several processes under one facility, the company is in a position to minimize cost and lead time. The company has a well-established design center with the latest 3D software and highly trained technicians.
AMIC Forging believe in continuous improvement, hence challenging ourselves by adhering to high-quality standards and on-time delivery. They have earned their name in a short period because of committed delivery and premium quality products. To achieve international quality standards requirements, every process is linked with stage inspection. Material is moved from one process to another process only after stage inspection clearance. Samples are also taken at every stage to test during the manufacturing process. Every single product is being tested for its quality parameters defined in the specification or as per customer requirements.
Objects of the Issue:
- Setting up of Manufacturing facility.
- Working Capital Requirements.
- General corporate purpose
AMIC Forging IPO Review
- May Apply
AMIC Forging IPO Date & Price Band Details
| IPO Open: | November 29, 2023 |
| IPO Close: | December 1, 2023 |
| IPO Size: | Approx ₹34.80 Crores, 2,762,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹121 to ₹126 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
AMIC Forging IPO Market Lot
The AMIC Forging IPO minimum market lot is 1000 shares with a ₹126,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹126,000 |
| Retail Maximum | 1 | 1000 | ₹126,000 |
| S-HNI Minimum | 2 | 2000 | ₹252,000 |
AMIC Forging IPO Dates
The AMIC Forging IPO date is November 29 and the IPO close date is December 1. The IPO allotment date is December 4 and the IPO might list on December 6.
| IPO Open Date: | November 29, 2023 |
| IPO Close Date: | December 1, 2023 |
| Basis of Allotment: | December 4, 2023 |
| Refunds: | December 5, 2023 |
| Credit to Demat Account: | December 5, 2023 |
| IPO Listing Date: | December 6, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
AMIC Forging IPO Form
How to apply AMIC Forging IPO? You can apply AMIC Forging IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the AMIC Forging IPO in the Invest section. The other option you can apply AMIC Forging IPO via IPO forms download via the BSE website. Check out the AMIC Forging forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
AMIC Forging Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹26.43 | ₹24.89 | ₹0.56 |
| 2022 | ₹71.39 | ₹68.93 | ₹0.87 |
| 2023 | ₹116.83 | ₹102.28 | ₹9.80 |
| 2023 3M | ₹29.79 | ₹24.59 | ₹3.60 |
AMIC Forging IPO Valuation – FY2023
Check AMIC Forging IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹127.58 per Equity Share |
| Price/Earning P/E Ratio: | 1.05 |
| Return on Net Worth (RoNW): | 49.40% |
| Net Asset Value (NAV): | ₹258.25 per Equity Share |
Peer Group
- Maiden Forgings Limited
- Ramkrishna Forgings Limited
Company Promoters
- Mr. Girdhari Lal Chamaria
- Mr. Anshul Chamaria
- Ms. Manju Chamaria
- Ms. Rashmi Chamaria
AMIC Forging IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6273 8200
Email: [email protected]
Website: http://www.bigshareonline.com
AMIC Forging IPO Allotment Status
Check AMIC Forging IPO allotment status on Bigshare website URL. Click Here
AMIC Forging IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Company Address
AMIC Forging Limited
3A, Garstin Place,
2nd Floor,
Kolkata – 700001
Phone: 033 – 40668190
Email: [email protected]
Website: https://www.amicforgings.com/index.html
