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Open
29 Nov to 1 Dec, 2023
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Close
29 Nov to 1 Dec, 2023
3
Allotment
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Listing
Wed, Dec 6, 2023
Price Band
₹121 to ₹126
Issue Size
27,62,000 shares (agg. up to ₹35 Cr)
Lot Size
1,000 Shares
Listing Date
Wed, Dec 6, 2023
Latest GMP
₹135
Est. Gain
107.14%
✦ AI Insight
GMP Trend
06-12-2023₹135Est. ₹261+107.14%
05-12-2023₹135Est. ₹261+107.14%
04-12-2023₹113Est. ₹239+89.68%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 200.70x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.68 | 61.08 | 31.64 | 16.22 |
| Total Income | 29.79 | 116.83 | 71.39 | 26.43 |
| Profit After Tax | 3.60 | 9.80 | 0.87 | 0.56 |
| NET Worth | 23.38 | 19.84 | 7.67 | 6.81 |
| Reserves and Surplus | 22.53 | 18.98 | 6.96 | 6.10 |
| Total Borrowing | 2.87 | 3.85 | 10.71 | 4.37 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sharp Chucks & Machines Ltd. | SME | ₹16.84 Cr | ₹58 | 11.2 | ₹65.05 | +12.16% | ₹81.90 (+5.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of Manufacturing facility | 22.35 |
| 2 | Working Capital Requirements | 7.50 |
| 3 | General Corporate Purposes | 1.00 |
| Total | 30.85 |
About AMIC Forging IPO
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. + Read More
Contact Details
AMIC Forging Ltd. Address3A, Garstin Place2nd FloorKolkata, West Bengal, 700001033 - 40668190amic@amicforgings.comVisit Website