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AMIC Forging Limited SME IPO
Issue Size (Net)
up to Rs.34.80 Cr
Price Band
Rs.121 to Rs.126 per share
Issue Opens
29 Nov 2023
Issue Closes
01 Dec 2023

Company Highlights

1.Company Information

Incorporated in 2007, AMIC Forging Limited, previously known as Kali Mata Forging Private Limited, manufactures forged components catering to various industries. The company manufactures precision machined components such as Rounds, Shafts, Blanks, and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, and other all kinds of engineering spares as per customer specifications and International Standards like AISI, BS, IS, DIN, etc, catering to the requirements of various industries such as Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar and other related industries. 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 recorded a total of Rs. 2,954.57 Lacs, Rs. 11,585.41 Lacs, and Rs. 7,111.97 Lacs in revenue from operations for the period ended June 30, 2023, March 31, 2023, and March 31, 2022, respectively.

2. Objects of the Issue

1. Setting up of Manufacturing facility.

2. Working Capital Requirements.

3. General Corporate Purposes.

3. 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 Limited Financial Information (Restated Consolidated)

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
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Jun-23
6367.84
2979.32`
359.94
2338.43
2252.58
287.37
31-Mar-23
6107.99
11683.01
980.01
1983.75
1897.9
385.17
31-Mar-22
3163.87
7138.82
86.59
767.28
696.21
1071.32
31-Mar-21
1622.07
42643.37
56.27
680.69
609.62
436.5
Amount in Rs. Lakhs

AMIC Forging IPO Details

Issue Opening Date
November 29, 2023
Issue Closing Date
December 01, 2023
Face Value
Rs.10 per share
Price
Rs.121 to Rs.126 per share
Lot Size
1000 Shares
Issue Size
2,762,000 shares (aggregating up to Rs.34.80 Cr)
Fresh Issue
2,762,000 shares (aggregating up to Rs.34.80 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share holding pre issue
7,726410
Share holding post issue
10,488410
Market Maker portion
139,000 shares Gretex Share Broking

AMIC Forging IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Wednesday, November 29, 2023
Closing Date
Friday, December 1, 2023
Basis of Allotment
Wednesday, December 6, 2023
Initiation of Refunds
Thursday, December 7, 2023
Credit of Shares to Demat
Friday, December 8, 2023
Listing Date
Monday, December 11, 2023
Cut-off time for UPI mandate confirmation
5 PM on December 1, 2023

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
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