AMIC Forging Limited IPO

Price
₹121 - ₹126
Lot
1000
Subs.
N/A
Expected Listing Earning

Exp. Premium(GMP):
113.40(90.00%)
IPO Details

Open Date: 29-Nov-2023
Close Date: 01-Dec-2023
Allotment Date: 23-Dec-2006
Listing Date: 11-Dec-2023
Listing Price: ₹379.05/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹121-126 Per Equity Share
Issue Size: 2,762,000 shares (aggregating up to ₹34.80 Cr)
Market Lot (Min Amount): Retail - ₹126,000 : HNI - ₹252,000
Valuations

Earning Per Share(EPS)₹12.83/-
P/E Ratio1.01
RoNW49.40%
Net Asset Value (NAV) - Post Issue:₹25.98/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20236,107.9911,683.01980.01
31 Mar,20223,163.877,138.8286.59
31 Mar,20211,622.072,643.3756.27
Promoter(s)

Pre Issue Share Holding78.38%
Post Issue Share Holding57.74%
Company Promoter(s)
1. Mr. Girdhari Lal Chamaria
2. Mr. Anshul Chamaria
3. Ms. Manju Chamaria
4. Ms. Rashmi Chamaria
Issue Objective(s)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Setting up of Manufacturing facility.
  2. Working Capital Requirements.
  3. General Corporate Purposes.
About Company

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

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