AMIC Forging (BSE SME)
Nov 29, 2023 - Dec 1, 2023
| Price | ₹121 - ₹126 |
| Premium | ₹135 |
|---|---|
| Lot size | 1000 |
| Allotment | Dec 4, 2023 |
| Listing | Dec 6, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 126000 | 919 |
| HNI | 2 | 2000 | 252000 | 394 |
Last updated on 01 Dec 2023 | 05:53:29 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 524000 | 47911000 | 91.43 |
| HNIs | 394000 | 232313000 | 589.63 |
| Retail | 919000 | 250894000 | 273.01 |
| Total | 1837000 | 531118000 | 289.12 |
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.
AMIC Forging IPO Details
| Issue Size | 2,762,000 shares (aggregating up to ₹34.80 Cr) |
| Fresh Issue | 2,762,000 shares (aggregating up to ₹34.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,726,410 |
| Share holding post issue | 10,488,410 |
| Market Maker portion | 139,000 shares Gretex Share Broking |
AMIC Forging IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Company Financials
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 | 30 Jun 2023 | Mar 2023 | Mar 2022 | 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 | 359.94 | 980.01 | 86.59 | 56.27 |
| Net Worth | 2,338.43 | 1,983.75 | 767.28 | 680.69 |
| Reserves | 2,252.58 | 1,897.90 | 696.21 | 609.62 |
| Borrowing | 287.37 | 385.17 | 1,071.32 | 436.50 |
| Amount in ₹ Lakhs | ||||
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