AMIC Forging Limited, previously known as Kali Mata Forging Private Limited and is engaged in manufacturing of forged Components catering to various industries.
The company manufacture precision machined components as per customer specifications and International Standard catering to the requirements of various industry such as Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries.
The company has expertise in manufacturing different forging components as per international standards like AISI, BS, IS, DIN etc. Some of company’s common running components are Rounds, Shafts, Blanks and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, 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.
AMIC Forging’s manufacturing facilities have a forging unit with a 6 M/ton capacity Electro Hydraulic Hammer along with a 1 M/ton capacity Pneumatic Hammer, each hammer runs with the support of a Manipulator with 3 Overhead Cranes, Jib Cranes, 3 oil-fired furnace (Temperature controlled) with all necessary accessories.
The company has a Heat Treatment Plant which has an oil bogie hearth automatically controlled furnace with a four-point recording arrangement & temperature graph indicator/recorder with water and oil quenching arrangement. Apart from the above the company also has a machine shop which contains many machines required for the manufacturing process.
AMIC Forging IPO – Details
| IPO Opening Date | 29 November 2023 |
| IPO Closing Date | 01 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 27,62,000 Shares Worth ₹34.80 Crore Fresh Issue: 27,62,000 Shares Worth ₹34.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹121 – ₹126 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
AMIC Forging IPO – Date Schedule
| IPO Open Date | 29 November 2023 |
| IPO Close Date | 01 December 2023 |
| Basis of Allotment | 06 December 2023 |
| Initiation of Refund | 07 December 2023 |
| Credit of Shares to Demat Account | 08 December 2023 |
| IPO Listing Date | 11 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 01, 2023 |
AMIC Forging IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | 1,26,000 |
| Retail (Maximum) | 1 | 1000 | 1,26,000 |
| HNI (Minimum) | 2 | 2000 | 2,52,000 |
Competitive Strengths
- 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.
Company Promoters
- Mr. Girdhari Lal Chamaria
- Mr. Anshul Chamaria
- Ms. Manju Chamaria
- Ms. Rashmi Chamaria
Object Of The Issue
- Setting up of Manufacturing facility.
- Working Capital Requirements.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 26.43 | 25.64 | 0.56 | 4.36 |
| 31 March 2022 | 71.38 | 70.14 | 0.86 | 10.71 |
| 31 March 2023 | 116.83 | 103.67 | 9.80 | 3.85 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 1.01 |
| ROE | 71.25% |
| ROCE | 55.78% |
| Debt/Equity | 0.26 |
| EPS (Rs) | 12.83 |
| RoNW | 49.40% |
AMIC Forging IPO Promoter Holding
| Pre Issue Share Holding | 78.38% |
| Post Issue Share Holding | 57.74% |
AMIC Forging IPO Prospectus
Company Contact Information
| AMIC Forging Limited 3A, Garstin Place, 2nd Floor, Kolkata – 700001 Phone: 033 – 40668190 Email: amic@amicforgings.com Website: https://www.amicforgings.com/index.html |
AMIC Forging IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
AMIC Forging IPO Lead Manager(s)
| 1. Gretex Corporate Services Limited |
AMIC Forging IPO FAQs
| What is AMIC Forging IPO? AMIC Forging IPO is a SME IPO. The issue is priced at ₹121 – ₹126 per equity share. The IPO is to be listed on BSE SME. |
| When AMIC Forging IPO will open? The IPO is to open on 29 November 2023 for QIB – 35%, NII – 15% and Retail – 35% Investors. |
| How to 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 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the AMIC Forging IPO through Edelweiss? Log in to Angle One 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 Edelweiss. |
| 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 – ₹126. |
| What is AMIC Forging IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,26,000 amount while the maximum bid is 1000 shares with ₹1,26,000. |
| What is the AMIC Forging IPO Allotment Date? AMIC Forging IPO allotment date is 06 December 2023. |
| What is the AMIC Forging IPO Listing Date? AMIC Forging IPO listing date is 11 December 2023. The IPO is to list on BSE SME. |
