AMIC Forging IPO GMP offering will begin from December 19, 2023 and closes on December 21, 2023. Read the post to learn about AMIC Forging IPO GMP.
The AMIC Forging IPO, valued at Rs 34.80 crores, is a book built issue consisting of 27.62 lakh fresh shares. Bidding for the IPO commenced on November 29, 2023, and concluded on December 1, 2023. The allotment process was finalized on Monday, December 4, 2023, and the shares were officially listed on the BSE SME on December 6, 2023.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of AMIC Forging IPO GMP:
Bidding Dates
Dec 19–21 Dec 2023
Price Range
₹121 to ₹126 per share
Face Value
₹10 per share
GMP
₹135
AMIC Forging IPO GMP
The Graphisads Limited IPO GMP Today is ₹ [135].
AMIC Forging IPO Overview
The AMIC Forging is a forging manufacturer that specializes in producing forged components for a variety of sectors. AMIC Forging manufactures precision machined components to customer specifications and international standards for various industries such as heavy engineering, steel industry, oil and gas, petrochemicals, chemicals, refineries, thermal power, nuclear power, hydropower, cement industry, sugar, and others.
The price range for the MIC Forging IPO has been established at ₹121 to ₹126 per share. Retail investors are required to apply for a minimum lot size of 1000 shares, which translates to an investment of ₹126,000. On the other hand, High Net Worth Individuals (HNIs) need to invest in 2 lots, equivalent to 2,000 shares, with a total amount of ₹252,000.
AMIC Forging IPO Details
| AMIC Forging IPO Dates | 29 Nov – 1 Dec 2023 |
| AMIC Forging Issue Price | INR 121 – 126 per share |
| Fresh issue | 27,62,000 shares (INR 33.42 – 34.80 crore) |
| Offer For Sale | Nil |
| Total IPO size | 27,62,000 shares (INR 33.42 – 34.80 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 126,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
AMIC Forging Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 26.41 | 71.12 | 115.85 | 29.55 |
| Expenses | 25.64 | 70.15 | 103.68 | 24.89 |
| Net income | 0.56 | 0.87 | 9.80 | 3.60 |
AMIC Forging Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.75 | 1.14 | 12.83 |
| PE ratio | – | – | 9.43 – 9.82 |
| RONW (%) | 8.27 | 11.29 | 49.40 |
| NAV | 9.09 | 10.12 | 25.98 |
| ROCE (%) | 10.05 | 10.31 | 55.78 |
| EBITDA (%) | 5.71 | 3.08 | 11.71 |
| Debt/Equity | 0.58 | 1.37 | 0.26 |
AMIC Forging IPO Dates & Listing Performance
| IPO Opening Date | 29 November 2023 |
| IPO Closing Date | 1 December 2023 |
| Finalization of Basis of Allotment | 6 December 2023 |
| Initiation of refunds | 7 December 2023 |
| Transfer of shares to demat accounts | 8 December 2023 |
| IPO Listing Date | 11 December 2023 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Profile
Established in 2007, AMIC Forging Limited, formerly known as Kali Mata Forging Private Limited, specializes in the product of forged factors that feed to a wide range of diligence. AMIC Forging offers an expansive product portfolio which encompasses main shafts for wind energy, barrel tube wastes, casting molds, forged shells, tube wastes, channel covers, trunnions for nuclear power shops, forged necks, bus, and snoots for the oil painting and gas sector. The company serves a different clientele, including heavy engineering enterprises, sword manufacturers, oil painting and gas companies, petrochemical companies, chemical diligence, refineries, thermal power shops, nuclear power shops,
hydropower plants, cement manufacturers, sugar industries, and other related sectors.
Registrar Info
| Name | KFIN TECHNOLOGIES LIMITED |
| Phone number | +91 22 6263 8200 |
| Email ID | [email protected] |
| Website | www.kfintech.com |
Contact Details
| Name | AMIC Forging |
| Phone number | 033 – 40668190 |
| Email ID | [email protected] |
| Website | https://www.bigshareonline.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
AMIC Forging FAQs
What is AMIC Forging IPO size?
The AMIC Forging IPO size is 2762000 Equity Shares of ₹10 aggregating up to ₹34.80 Cr.
When will AMIC Forging IPO allot?
The AMIC Forging IPO allot status will be available online on December 4, 2023.
When is AMIC Forging IPO listing?
