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AMIC Forging IPO is a book build IPO listing on BSE SME exchange. The company is based in Kolkata and caters to Automobile - Forging And Casting sector. Gretex Corporate Services is the merchant banker of AMIC Forging IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th August 2023.
AMIC Forging IPO open date is 29th November 2023 and close date is 1st December 2023. IPO Allotment Date is 4th December 2023 and Listing date is 6th December 2023.AMIC Forging IPO size is Rs 34.80 Cr. crores with IPO price of Rs 126.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Gretex Corporate Services Limited is the book-running lead manager of the AMIC Forging IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for AMIC Forging IPO.
AMIC Forging IPO anchor investors are the below investors. The number of anchor investors in this IPO is 4.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Saint Capital Fund | 206,000.00 | ₹126.00 | ₹25,956,000.00 |
| Meru Investment Fund | 309,000.00 | ₹126.00 | ₹38,934,000.00 |
| Persistent Growth Fund- | 175,000.00 | ₹126.00 | ₹22,050,000.00 |
| Chhattisgarh Investments Limited | 96,000.00 | ₹126.00 | ₹12,096,000.00 |
AMIC Forging IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
AMIC Forging IPO, based in Kolkata, operates in the Automobile - Forging And Casting sector with a focus on manufacturing of forged Components. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. AMIC Forging IPO size is ₹ 34.80 Cr. Crores with fresh issue size of Rs 34.80 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for AMIC Forging IPO is expected to be 4th December 2023, after the finalization of basis of allotment. Investors can check AMIC Forging IPO allotment status on the registrars website, Bigshare Services Private Limited. AMIC Forging IPO refund dates are 5th December 2023.
AMIC Forging IPO is expected to be listed on 6th December 2023.
The upper price band for the AMIC Forging IPO is set at ₹ 126.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on AMIC Forging IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the AMIC Forging IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 1st December 2023. After submission, funds are blocked until the basis of allotment of AMIC Forging IPO is finalised.
The merchant banker for AMIC Forging IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the AMIC Forging IPO RHP for further details.
The registrar for AMIC Forging IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to AMIC Forging IPO through their official website or helpline.
AMIC Forging IPO was subscribed 289.05 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 34.80 Cr.
Avg IPO Size (Sector Based)
:
₹ 21.31 Cr.
Sector: Automobile - Forging And Casting
SME IPO so far:
8
Merchant Banker:
Gretex Corporate
SME IPO by BRLM so far:
47
City:
Kolkata
SME IPO so far:
69
Revenue (annualised):
₹ 118.20 cr.
PE
Ratio:
9.18x
Average Sector PE Ratio: 18.11x
AMIC Forging IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on AMIC Forging Financial Review Page
Merchant Banker(s) of AMIC Forging IPO: Gretex Corporate Services Limited
AMIC Forging IPO subscription was 289.05 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
AMIC Forging IPO listed at a listing price of 251.35 against the offer price of 126.00.
The current market price of AMIC Forging is 1411.00.
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