Business Standard

Amic Forging Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

34.80 cr

Price Range (₹)

126

Lot Size

1000

Min Investment (₹)

1,26,000.00

Listing Exchange

BSE - SME

Open Date

29-Nov-2023

Close Date

01-Dec-2023

Listing Date

06-Dec-2023

Amic Forging Ltd News

    The Shares of Amic Forging Ltd have now been listed.

    Amic Forging Ltd IPO Details

    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 less the market maker reservation portion i.e. net issue of 26,23,000 equity shares* aggregating to Rs. 33.05 crores (the Net Issue). The issue and the net issue will constitute 26.33 % and 25.01 % respectively of the post issue paid-up equity share capital of the company.*Subject to finalisation of the basis of allotment.The face value of equity shares is Rs. 10.00 each and the issue price is 12.6 times of the face value of the equity shares. Bid can be made. for minimum of 1,000 equity shares and the multiples of 1,000 equity shares thereafter.

    Objective of issue

    Setting up of Manufacturing Facility. Working Capital Requirements. General Corporate Purposes.

    Amic Forging Ltd Contact Details

    Amic Forging Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - amic@amicforgings.com

    Website - www.amicforgings.com