AMIC Forging Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,310,000 (47%) | — | ₹1,651 Cr |
| NII (HNI) | — | 394,000 (14%) | — | ₹496 Cr |
| Retail | — | 919,000 (33%) | — | ₹1,158 Cr |
| Market Maker | — | 139,000 (5%) | — | ₹18 Cr |
| Σ Total | — | 2,762,000 (100%) | — | ₹34,801 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹126,000 |
| Retail (Max) | 13 | 13,000 | ₹1,638,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,764,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,442,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 2,979 | 11,683 | 7,139 |
| Profit After Tax | 360 | 980 | 87 |
| Net Worth | 2,338 | 1,984 | 767 |
| Total Assets | 6,368 | 6,108 | 3,164 |
| Reserves & Surplus | 2,253 | 1,898 | 696 |
| Total Borrowing | 287 | 385 | 1,071 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Setting up of Manufacturing facility. –
- Working Capital Requirements. –
- General Corporate Purposes. –
Company Overview
Founded in 2007, AMIC Forging Limited, previously known as Kali Mata Forging Private Limited, manufactures forged components catering to various industries.
AMIC Forging's product portfolio includes main shafts for wind energy, drum tube sheets, casting molds, forged shells, tube sheets, channel covers, trunnions for nuclear power plants, forged necks, wheels, and nozzles for oil and gas.
The company's customers include companies from heavy engineering, the steel industry, the oil and gas industry, the petrochemical industry, the chemical industry, refineries, thermal power plants, nuclear power plants, hydropower plants, the cement industry, the sugar industry, and other related industries.
All products are made of carbon steel, alloy steel, stainless steel, nickel, and tool alloys.
As of June 30, 2023, the company had 80 Employees consisting of 56 permanent employees and 24 temporary laborers.
The company's manufacturing units are equipped with a forging unit with an electro-hydraulic hammer with a capacity of 6 M/ton and a pneumatic hammer with a capacity of 1 M/ton.