AMIC Forging GMP offering will begin from December 19, 2023 and closes on December 21, 2023.
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.
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Bidding Dates
29 Nov – 1 Dec 2023
Price Range
₹121 to ₹126 per share
Face Value
₹10 per share
GMP
₹135
AMIC Forging GMP
The Graphisads Limited IPO GMP is ₹ [135].
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 production of forged components that cater to a wide range of industries. AMIC Forging offers an extensive product portfolio which encompasses main shafts for wind energy, drum tube sheets, casting molds, forged shells, tube sheets, channel covers, trunnions for nuclear power plants, forged necks, wheels, and nozzles for the oil and gas sector. The company serves a diverse clientele, including heavy engineering firms, steel manufacturers, oil and gas companies, petrochemical companies, chemical industries, refineries, thermal power plants, nuclear power plants,
hydropower plants, cement manufacturers, sugar industries, and other related sectors.
Registrar Info
| Name | KFIN TECHNOLOGIES LIMITED |
| Phone number | +91 22 6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | www.kfintech.com |
Contact Details
| Name | AMIC Forging |
| Phone number | 033 – 40668190 |
| Email ID | amic@amicforgings.com |
| Website | https://www.bigshareonline.com |
IPO Strenghts
- 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.
