AMIC Forging Limited

Company Profile
Company Name AMIC Forging Limited
Open Date 29-11-2023
Close Date 01-12-2023
Exchange BSE SME
Lot Size 1,000 Shares
Issue Price ₹ 121 to ₹ 126 per share
Issue Size 27,62,000 shares
Application Amount ₹ 1,26,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
AMIC Forging Limited was originally Incorporated in the year 2007 and has its registered office in Kolkata, West Bengal, India. The company is engaged in manufacturing of forged components catering to various industries.The company manufactures precision machined components as per customer specifications and International Standards catering to the requirements of various industries. The company has state-of-the-art forging facilities and machining capabilities to cater to the requirements of its domestic and international customers. As of June 30, 2023, the company had 80 employees on its payroll. Out of which 56 are permanent employees and 24 are temporary labourers.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Mar-23 Jun-23
Total Assets 1,622.08 3.163.87 6,107.99 6,367.84
Net Assets 680.69 767.28 1,983.75 2,338.43
Total Borrowings 436.50 1,071.32 385.17 287.38
Total Revenue 2,643.37 7,138.83 11,683.01 2,979.32
Profit After Tax 56.27 86.60 980.02 359.95

Tentative Timeline

Opening Date 29-11-2023
Closing Date 01-12-2023
Basis of Allotment 06-12-2023
Initiation of Refunds 07-12-2023
Credit of Shares to Demat 08-12-2023
Listing Date 11-12-2023

Objects of the Issue

Setting up of Manufacturing Facility.
Funding the working capital requirements.
General Corporate Expenses.

Contact Information

Registered Office AMIC Forging Limited- 3A, Garstin Place, 2nd Floor, Kolkata – 700001
Phone 033 - 40668190

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 78.38%
Share Holding Post Issue (Promoters) 57.74%

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