AMIC Forging IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 01, 2023Let’s have a detailed review of the company and analytics of the AMIC Forging IPO release date, IPO offer price, subscription, AMIC Forging Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 121 to Rs 126 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 1000 Shares |
| Listing Date | December 11, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 3480Lakh |
| IPO Size | Rs 3480 Lakh |
| Tick Size | 1 |
AMIC Forging IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – AMIC Forging Share Price |
AMIC Forging IPO – Summary
Their company is a manufacturer in the forging industry and is engaged in manufacturing of 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 and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries.
The Promoter of this company is MR. GIRDHARI LAL CHAMARIA, MR. ANSHUL CHAMARIA, MS. MANJU CHAMARIA AND MS. RASHMI CHAMARIA. The lead manager of the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
AMIC Forging IPO Date
The opening and closing dates of AMIC Forging IPO are November 29, 2023, and December 1, 2023, respectively.
AMIC Forging IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 29th Nov | 3.53x | 4.02x | 6.65x | 5.20x |
| 2nd Day – 30th Nov | 7.43x | 20.90x | 35.09x | 24.16x |
| 3rd Day – 1st Dec | 91.43x | 589.27x | 273.01x | 289.05x |
| Shares Offered or Net Issue | 524,000 | 394,000 | 919,000 | 2,762,000 |
The shares subscribed by the public will be updated here.
AMIC Forging IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
AMIC Forging Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 6, 2023 |
| Refunds Initiation | December 7, 2023 |
| Credit of Shares to Demat Account | December 8, 2023 |
| Share Listing Date | December 11, 2023 |
AMIC Forging IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 121 to Rs 126
AMIC Forging IPO Equity Size
This Initial Public Issue of 2,762,000 Equity Shares of Rs.10 each for cash at a price of Rs 121 to Rs 126 per equity share aggregating to Rs.3480 Lakh.
AMIC Forging IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,762,000 Equity Shares of Rs.10/ each.
Issue Size: 2,762,000 Equity Shares of Rs.10 each, aggregating to Rs.3480 Lakh
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AMIC Forging IPO – Live Performance
The listing date of this IPO is December 11, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – AMIC Forging Share Price |
AMIC Forging IPO Grey Market Premium
The AMIC Forging Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
AMIC Forging IPO – Company Overview
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 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 minimise cost and lead time.
Their company has its well established design centre with the latest 3D software and highly trained technicians. They 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 span of time because of a committed delivery and premium quality product.
AMIC Forging IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 6,367.84 | 6,107.99 | 3,163.87 | 1,622.07 |
| *Total Revenue | 2,979.32 | 11,683.01 | 7,138.82 | 2,643.37 |
| Total Expense | 2,489.01 | 10,367.89 | 7,014.84 | 2,564.27 |
| Profit After Tax | 359.94 | 980.01 | 86.59 | 56.27 |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 41.90 | 127.58 | 12.18 | 9.10 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 980.01 Lakh, Rs. 86.59 Lakh and Rs. 56.27 Lakh respectively.
AMIC Forging IPO – Promoters
The Promoter of this company is:
- MR. GIRDHARI LAL CHAMARIA,
- MR. ANSHUL CHAMARIA,
- MS. MANJU CHAMARIA
- MS. RASHMI CHAMARIA
List of Related Parties (Key Managerial Personnel)
- Girdhari Lal Chamaria, Managing Director
- Anshul Chamaria, Executive Director
- Rashmi Chamaria, Non-Executive Director
- Pravin Poddar, Independent Director
AMIC Forging IPO – Promoters Holding
- Pre-Issue Share Holding – 78.38%
- Post-Issue Share Holding – 57.74%
AMIC Forging IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 27,62,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,39,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 26,23,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 9,19,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,94,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 77,26,410 Equity Shares |
| Equity Shares outstanding after the Issue | 1,04,88,410 Equity Shares |
AMIC Forging IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Setting up of Manufacturing facility
- Working Capital Requirements
- General Corporate Purposes.
AMIC Forging IPO – Business Strategy
- Focus on Increase in Volume of Sales
- Continue to strive for cost efficiency
- Focus on consistently meeting quality standards
- Focus on Advanced Products
- Increase Brand awareness
AMIC Forging IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Scalable Business Model
- Large & Diverse Product Portfolio
- Advanced Manufacturing Processes
- Well Developed Distribution Network
- Strong Sales, Marketing and Distribution Capabilities
- Adherence to quality standards
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 127.58 | 49.40 | 258.25 |
| 31-Mar-22 | 12.18 | 11.29 | 107.96 |
| Mar-21 | 9.10 | 8.27 | 110.10 |
AMIC Forging IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Lakhs) | |
| AMIC Forging Limited | 10 | [●] | 12.83 | 49.40 | 11,585.41 |
| Listed Peers | |||||
| Maiden Forgings Limited | 10 | 10.42 | 9.21 | 23.59 | 22,082.00 |
| Ramkrishna Forgings Limited | 2 | 139.21 | 4.81 | 18.77 | 3,19,289.51 |
AMIC Forging IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls, Dadar (w), Delisle Road, Mumbai, Mumbai-400013, Maharashtra, India. Tel No.: +91 96532 49863 Email: info@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Magharam Slun SEBI Registration No: INM000012177 CIN: L74999MH2008PLC288128 |
AMIC Forging IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Vinayak Morbale SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
AMIC Forging IPO – Other Details
- Statutory Auditor – M/s. AAA & Associates Chartered Accountants
- Legal Counsel to the Company – M/S. M. V. KINI LAW FIRM
- Bankers to the Company – KOTAK MAHINDRA BANK LIMITED
AMIC Forging IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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AMIC Forging Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
AMIC Forging IPO Review FAQs
Check out various FAQs related to AMIC Forging IPO:
What is the Issue Size of AMIC Forging IPO?
The Company is making an initial public offer of 2,762,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of AMIC Forging IPO?
The price band for this particular IPO ranges between Rs 121 to Rs 126. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the AMIC Forging IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 29, 2023, while the closing date is set at December 1, 2023.
What is the AMIC Forging IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 6, 2023, refund initiation is on December 7, 2023, credit of shares is on December 8, 2023, and share listing date is on December 11, 2023.
What is the AMIC Forging IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 11, 2023. The date, when the listing would be done, is stagnant on December 11, 2023.
Who is the Registrar of AMIC Forging IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of AMIC Forging IPO?
Here are the promoters of this IPO – MR. GIRDHARI LAL CHAMARIA, MR. ANSHUL CHAMARIA, MS. MANJU CHAMARIA AND MS. RASHMI CHAMARIA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of AMIC Forging IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is AMIC Forging IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of AMIC Forging Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 980.01, 2022 is 86.59, and 2021 is 56.27. PAT from Jun 2023 is 359.94.
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