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AMIC Forging Limited IPO

AMIC Forging Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Lot Size:
Subscription:
Listed Price: ₹ 239.40 (+90.00%)

AMIC Forging Limited's has transitioned to a publicly listed entity following its IPO debut on 06-12-2023 at the BSE exchange. The public offering successfully raised 27,62,000 Shares, consisting of 27,62,000 Sharesin new capital.

The IPO featured a competitive price range of ₹121 to ₹126 and minimum application size of 1000 shares. Market reception was evidenced through subscription activity between 29-11-2023 and 01-12-2023, reflecting investor appetite for the offering.

Allotment of shares was completed on 04-12-2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

AMIC Forging IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
AMIC Forging IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

AMIC Forging IPO About Company

Incorporated in 2007, AMIC Forging Limited (formerly Kali Mata Forging Private Limited) manufactures forged and precision machined components like rounds, shafts, blanks, flanges, hubs, gear couplings, and other engineering spares for multiple industries including heavy engineering, steel, oil & gas, petrochemicals, power, cement, sugar, and more. The company works with carbon steel, alloy steel, stainless steel, nickel, and tool alloys and follows international standards like AISI, BS, IS, and DIN. It has modern forging facilities with electro hydraulic and pneumatic hammers, controlled furnaces, a heat treatment plant with water and oil quenching, and a dedicated machine shop. The company recorded revenue from operations of Rs. 2,954.57 Lacs for the period ended June 30, 2023, Rs. 11,585.41 Lacs in FY23, and Rs. 7,111.97 Lacs in FY22.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


AMIC Forging IPO Strength Factors

NA


AMIC Forging IPO Risk Factors

NA


AMIC Forging IPO Lead Manager(s)

  • Gretex Corporate Services Limited

AMIC Forging IPO Promoter(s)

  1. Mr. Girdhari Lal Chamaria
  2. Mr. Anshul Chamaria
  3. Ms. Manju Chamaria
  4. Ms. Rashmi Chamaria

AMIC Forging IPO Company Details

AMIC Forging Limited
Phone:
address:

AMIC Forging IPO Registrar

Bigshare Services Pvt Ltd
Name:
Phone:

AMIC Forging IPO FAQs