AMIC Forging IPO Date, Review, Price, Allotment Details

AMIC Forging IPO Details: AMIC Forging IPO date is fixed, The IPO will open on November 29 and will close on December 1. AMIC Forging is an BSE SME IPO to raise ₹34.80 crores via IPO. The AMIC Forging IPO price band is fixed at ₹121 to ₹126 with a market lot of 1000 shares.

AMIC Forging IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹126,000
Retail Maximum11000₹126,000
S-HNI Minimum22000₹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
YearRevenueExpensePAT
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

AMIC Forging IPO FAQs


What is AMIC Forging IPO?

AMIC Forging IPO is an BSE SME IPO. They are going to raise ₹34.80 Crores via IPO. The issue is priced at ₹121 to ₹126 per equity share. The IPO is to be listed on BSE.

When AMIC Forging IPO will open?

The IPO is to open on November 29, 2023 for QIB, NII, and Retail Investors.

What is AMIC Forging IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the AMIC Forging IPO?

You can apply AMIC Forging IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the AMIC Forging IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “AMIC Forging”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the AMIC Forging IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “AMIC Forging”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the AMIC Forging IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “AMIC Forging”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is AMIC Forging IPO Size?

AMIC Forging IPO size is ₹34.80 crores.

What is AMIC Forging IPO Price Band?

AMIC Forging IPO Price Band is ₹121 to ₹126 per equity share.

What is AMIC Forging IPO Minimum and Maximum Lot Size?

The IPO bid is 1000 shares with ₹126,000.

What is AMIC Forging IPO Allotment Date?

AMIC Forging IPO allotment date is December 4, 2023.

What is AMIC Forging IPO Listing Date?

AMIC Forging IPO listing date is December 6, 2023. The IPO to list on BSE SME.

Note: The AMIC Forging IPO details are announced officially. The IPO grey market premium (AMIC Forging IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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