Amic Forging Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Amic Forging

CMP

1,117.05

-13.75 (-1.22%)

  • DRHP
₹126

Offer Price

₹ 34.80 Cr

Issue Size

₹ 1,26,000

Min Investment

1,000

Lot size

Time Line

  • 29
    Nov 2023
    Open
  • 01
    Dec 2023
    Close
  • 04
    Dec 2023
    Finalisation of Basis of Allotment
  • 05
    Dec 2023
    Initiation of Refunds
  • 05
    Dec 2023
    Transfer of Shares to Demat Account
  • 06
    Dec 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Focus on Increase in Volume of Sales.

  • Continue to strive for cost efficiency.

  • Focus on consistently meeting quality standards.

  • Focus on Advanced Products.

  • Increase Brand awareness.

Products & Services

  • Amic Forging Limited is engaged in manufacturing of forged Components catering to various industries.

Strengths

  • Experienced Promoters and Management Team.

  • Scalable Business Model.

  • Large & Diverse Product Portfolio.

  • Advanced Manufacturing Processes.

  • Well Developed Distribution Network.

Risks

  • There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.

  • The Company has negligible presence in export markets and hence prone to adversity in domestic market.

  • Failure to obtain or maintain pre-qualifications from customers or loss of the company re-qualified status from its existing customers could adversely impact of the business.

  • Any significant decline in the demand for the company products or introduction of alternative technology or consumer habits may adversely affect its profitability and business prospects.

  • Volatility in the supply and pricing of raw material like alloy steel, low carbon and medium carbon steel may have an adverse effect on the company business, financial condition and results of operations. Its do not generally enter into agreements with the company raw material or traded goods suppliers. Any disruption in supplies from them may adversely affect of the production process.

Company Promoters

Promoters Holding

Issue For IPO
15.09%
Pre Holding

57.29%

Post Holding

42.20%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 71.12 (169.30%) 115.85 (62.90%) 49.40 (-)
Gross Profit 71.12 (169.30%) 115.85 (62.90%) 49.40 (-)
Net Income 71.12 (169.30%) 115.85 (62.90%) 49.40 (-)
Assets 71.12 (169.30%) 115.85 (62.90%) 49.40 (-)
Liabilities 71.12 (169.30%) 115.85 (62.90%) 49.40 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Amic Forging Ltd 115.85 9.80 23.81 3.97 49.40 114.15 231.07 0.83 0.16
Maiden Forgings Ltd 220.82 9.61 126.81 126.81 23.59 9.21 39.04 7.57 1.66
Ramkrishna Forgings Ltd 3,192.90 248.11 3,730.44 3,730.44 18.77 15.43 82.67 6.65 0.99

Book Running Managers

  • Gretex Corporate Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

3A Garstin Place,
2nd Floor,
Kolkata - 700001
Phone : 033-40668190 Email : amic@amicforgings.com www.amicforgings.com

Offer Related Information

Public issue of 27,62,000 equity shares* of face value of Rs. 10.00 each ("Equity Shares") of Amic Forging Limited (the "Company" or the "Issuer") for cash at a price of Rs. 126.00 per equity share including a share premium of Rs. 116.00 per equity share (the "Issue Price") aggregating to Rs. 34.80 crores ("The Issue") of which 1,39,000 equity shares* aggregating to Rs. 1.75 crores was reserved for subscription by market makers to the issue (the "Market Maker Reservation Portion"). The issue... More

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