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SME IPO Status: Listed [29th Nov 2023 to 1st Dec 2023]
AMIC Forging Limited is going to launch its SME IPO at BSE SME. The issue size of this SME IPO is Rs 34.80 Cr that is 100 % Fresh Issue. The face value of each share is Rs 10. This IPO is opening from 29 Nov 2023 to 01 Dec 2023. If You want to apply in this SME IPO then you have to buy at least one lot of 1000 shares or its multiple at the described price band of Rs 121 to Rs 126 for each share.
Keep visiting this website to get the latest details of AMIC Forging Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 29th Nov 2023 |
| SME IPO Issue Closing Date: | 1st Dec 2023 |
| SME IPO Issue Price: | ₹121.00-126.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹34.80 Cr |
| Fresh Issue: | ₹34.80 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 78.38% |
| Promoter Holding Post IPO: | 57.74% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544037 |
Get important updates regarding AMIC Forging SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 4th Dec 2023 |
| Refunds Initiation* | 5th Dec 2023 |
| Credit of Shares to Demat* | 5th Dec 2023 |
| SME IPO Listing Date* | 6th Dec 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹121.00-126.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹126000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-12-2023 | 126.00 | 135 | 102600 | ₹261 (107.14%) | 6-Dec-2023 9:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
AMIC Forging Limited was founded in June 2007. Their company is a manufacturer in the forging industry and is engaged in the manufacture of forgings for various industries. They manufacture precision engineered components as per customer specifications and international standards to meet the requirements of various industries like heavy engineering, steel industry, oil and gas, petrochemicals, chemicals, refineries, thermal power plants, nuclear power plants, hydro power plants, cement industry, sugar industry and other allied industries.
They have experience in manufacturing various forgings as per international standards like AISI, BS, IS, DIN etc. Common components include round parts, shafts, blanks and complete finished parts, spare parts like gear couplings, hubs, round parts, flanges and all other types of engineering spares as per customer specifications. These products are mainly manufactured from carbon steel, alloy steel, stainless steel, nickel and tool alloys. The company has state-of-the-art forging facilities and machining capabilities to meet the requirements of its national and international customers. By integrating multiple processes into one facility, the company is able to minimize costs and lead times.
The variety of products gives the company an advantage over its competitors, as it can offer its customers customized and specialized solutions. In addition, the company plans to expand through backward integration by starting the production of liquid steel and ingot casting. This backward integration would expand the company's product range and increase production due to easy availability of raw materials. With an extensive infrastructure, zero tolerance quality policy and an energetic team of experts, the company ensures that it can fulfill all specific customer requirements for various critical product applications. The company has established a strong position in the domestic market and specializes in manufacturing a wide range of open forgings including rounds, shafts, blanks and complete finished engineering spares such as gear couplings, hubs, flanges and other customized components.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Industrial Products | ₹34.80 Cr | https://www.amicforgings.com/index.html |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 524,000 (28.52%) | 394,000 (21.45%) | 919,000 (50.03%) | 1,837,000 | |
| 1 | 29th Nov 2023 19:04 | 3.53x | 4.02x | 6.65x | 5.20x |
| 2 | 30th Nov 2023 19:04 | 7.43x | 20.90x | 35.09x | 24.16x |
| 3 | 1st Dec 2023 19:04 | 91.43x | 589.27x | 273.01x | 289.05x |
AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,367.84 | 6,107.99 | 3,163.87 | 1,622.07 |
| Revenue | 2,979.32 | 11,683.01 | 7,138.82 | 2,643.37 |
| Profit After Tax | 359.94 | 980.01 | 86.59 | 56.27 |
| Net Worth | 2,338.43 | 1,983.75 | 767.28 | 680.69 |
| Reserves and Surplus | 2,252.58 | 1,897.90 | 696.21 | 609.62 |
| Total Borrowing | 287.37 | 385.17 | 1,071.32 | 436.50 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| AMIC Forging Limited | 12.83 | 12.83 | 25.98 | 1.01 | 49.4 | Consolidated |
| Maiden Forgings Limited | 9.21 | 40 | 10.42 | 23.59 | ||
| Ramkrishna Forgings Limited | 4.81 | 85.16 | 139.21 | 18.77 |
Last Updated on 10-Dec-2023 06:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase AMIC Forging SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply AMIC Forging SME IPO with Zerodha.
Alternate approch to apply in AMIC Forging SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
AMIC Forging SME IPO Review and Important Updates
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To subscribe or apply in AMIC Forging SME IPO, you can use the following methods:
| AMIC Forging SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in AMIC Forging SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in AMIC Forging SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in AMIC Forging SME IPO. Most of the Syndicate Banks provide access to apply in AMIC Forging IPO via ASBA process. You must have your net banking access, DP ID information to apply in AMIC Forging SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in AMIC Forging SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
AMIC Forging SME IPO Review and Important Updates
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AMIC Forging SME IPO is going to be list on 06-12-2023. BSE Code for AMIC Forging is 544037.
Other relevant questions:
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AMIC Forging SME IPO Allotment Date is 04-12-2023.
Other relevant questions:
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