AMIC Forging Limited IPO (AMIC Forging IPO)

AMIC Forging Limited IPO
Upcoming AMIC Forging IPO | New AMIC Forging IPO

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

AMIC Forging IPO – Details

IPO Opening Date29 November 2023
IPO Closing Date01 December 2023
Issue TypeBook Built Issue IPO
Issue Size27,62,000 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 Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

AMIC Forging IPO – Date Schedule

IPO Open Date29 November 2023
IPO Close Date01 December 2023
Basis of Allotment06 December 2023
Initiation of Refund07 December 2023
Credit of Shares to Demat Account08 December 2023
IPO Listing Date11 December 2023
Cut-off time for UPI mandate confirmation5 PM on Dec 01, 2023

AMIC Forging IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)110001,26,000
Retail (Maximum)110001,26,000
HNI (Minimum)220002,52,000

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.
AMIC Forging IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202126.4325.640.564.36
31 March 202271.3870.140.8610.71
31 March 2023116.83103.679.803.85
Amount in ₹ Crore

Key Performance Indicator

P/E (x)1.01
EPS (Rs)12.83

AMIC Forging IPO Promoter Holding

Pre Issue Share Holding78.38%
Post Issue Share Holding57.74%

AMIC Forging IPO Prospectus

Company Contact Information

AMIC Forging Limited

3A, Garstin Place,
2nd Floor,
Kolkata – 700001

Phone: 033 – 40668190

AMIC Forging IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

AMIC Forging IPO Lead Manager(s)

1. Gretex Corporate Services Limited


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.
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