About AMIC Forging Limited
AMIC Forging Limited is launching its IPO. The offer opens for subscription on November 29, 2023, and will close on December 1, 2023.
Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on the listing.
What does AMIC Forging Limited do?
Incorporated in 2007 and previously known as Kali Mata Forging Private Limited, is engaged in the manufacturing of forged components for various industries.
The company manufactures precision machined components such as Rounds, Shafts, Blanks, Gear couplings, Hubs, and Flanges, adhering to international standards like AISI, BS, IS, and DIN. Their products, made from materials like carbon steel, alloy steel, and stainless steel, cater to sectors including Heavy Engineering, Steel, Oil & Gas, Petrochemicals, and Power industries (including Thermal, Nuclear, and Hydro), as well as the Cement and Sugar industries, using materials like carbon steel, alloy steel, stainless steel, Nickel, and Tool Alloys.
The company’s manufacturing capabilities are anchored by a forging unit featuring a 6 M/ton Electro Hydraulic Hammer and a 1 M/ton Pneumatic Hammer, supported by a Manipulator and cranes. The company also operates a Heat Treatment Plant with an advanced oil bogie hearth furnace, equipped with a four-point recording system and temperature graph indicator.
Also, the company maintains a machine shop equipped with numerous machines essential for their manufacturing process.
Schedule/Timeline of AMIC Forging Limited IPO
| Issue Period | 29th November to 1st December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 6, 2023 |
| Initiation of Refunds | December 7, 2023 |
| Credit of Shares | December 8, 2023 |
| Date of Listing | December 11, 2023 |
| Mandate end date | December 16, 2023 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 2, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 7, 2024 |
How to apply to the AMIC Forging Limited IPO?
You can apply for the AMIC Forging Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for AMIC Forging Limited IPO?
You can check the allotment status for the AMIC Forging Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.