AMIC Forging Limited IPO Message Board (Page 1)

Detailed analysis of amic:-
📌📌 ➡️ ➡️
▪️Incorporated in 2007, AMIC Forging Limited✅ is engaged in manufacturing of forged Components. It manufactures precision machined components as per customer specifications and International Standards.

➡️📍INDUSTRIES they serve:- Nuclear Power , Hydro Power , Ship Building , Cement Industry , Heavy Engineering, Steel Industry, Oil & Gas , Petrochemicals , Chemicals , Refineries , Thermal Power , Sugar and other related industries🔥🔥.

▪️The company manufactures precision machined components such as Rounds, Shafts, Blanks, and complete finished engineering, spare parts e.g. Gear coupling, Hub, Round, Flange, and other all kinds of engineering spares as per customer specifications and International Standards like AISI, BS, IS, DIN, etc.✅
(These products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys).

▪️The company has its well established design center with latest 3D software✅ and highly trained technicians. It has earned its name in a short span of time because of committed delivery and premium quality product. (📍AMIC has strong position in the domestic market🔥)

▪️Their product diversity helps their company to maintain an edge over competition, since their company can provide customized and specialized solutions to its customers.✅

▪️AMIC is planning to expand via backward integration with starting the manufacturing of Steel Melting & Ingot Casting this backward integration would increase our product base and also increase our output due to easily availability of raw material.💫💫( 22.35Cr out of IPO funds will be used for this)

▪️AMIC Forging's manufacturing facilities have a forging unit with a 6 M/ton capacity Electro Hydraulic Hammer along with a 1 M/ton capacity Pneumatic Hammer, each hammer runs with the support of a Manipulator with 3 Overhead Cranes, Jib Cranes, 3 oil-fired furnace (Temperature controlled) with all necessary accessories.✅

▪️The company has a Heat Treatment Plant which has an oil bogie hearth automatically controlled furnace with a four-point recording arrangement & temperature graph indicator/recorder with water and oil quenching arrangement. Apart from the above the company also has a machine shop which contains many machines required for the manufacturing process.✅

➢2021-Awarded as Technology Friendly Firm Award by Confederation of West Bengal Trade Associations.

➢2022-Among Top-3 Open-Die Forging Manufacturers in India in Terms of Capacity with Fully Integrated Infrastructure in Tata Growth Shop- Vendor Conclave.

📌📌
▪️IPO price: Rs.126
▪️IPO size: 34.8CR (Excluding anchor, size is: 24.9Cr)
▪️CMP:Rs.305.4
▪️Market cap: 320 CR
▪️P/E: 22✅
▪️EPS:Rs.14 (annualized)
▪️52 Wk High:305.4
▪️52 Wk Low:240
▪️ROE: 71.25%
▪️ROCE: 55.78%
▪️RoNW: 49.4%
▪️Debt/Equity:0.26
▪️Assets:63.67Cr
▪️Total Borrowing:2.87Cr (Reserves and Surplus:22.52Cr)
▪️Share Holding Pre Issue:78.38%
▪️Share Holding Post Issue:57.74%

📌FINANCIALS:
▪️FY24Q1 Rev: 29.79Cr🔥
▪️FY24Q1 PAT: 3.6 Cr🔥
▪️FY23 revenue is 116.8CR as compared to 71.38 CR(FY22), 64%✅ growth yoy.
▪️FY23 PAT is 9.8 CR as compared to 0.86 CR(FY22), 1040%✅ growth yoy.
▪️342%🔥 growth in revenue in last 2 years.
▪️1641%🔥 growth in PAT in last 2 years.

( PAT margins of 2.13% (FY21), 1.22% (FY22), 8.46% (FY23), 12.17% (Q1-FY24)✅)

📌IPO funds:
From the net proceeds of the IPO funds, it will utilize Rs. 22.35 cr. for capex on new manufacturing unit, Rs. 7.50 cr. for working capital, and the rest for general corporate purposes.

📌PEERS:
As per the offer document, the company has shown Maiden Forgings, Ramkrishna Forgings as their listed peers. They are trading at a P/E of 19.36 and 48.96✅ (as of November 24, 2023). However, it is not comparable on an apple-to-apple basis.

📌SECTOR GROWTH:
▪️The global metal forging market size was valued at $83.4 billion in 2022, and is projected to reach $168 billion by 2032, growing at a CAGR of 7.2% from 2023 to 2032.✅
▪️The India metal forging market size was valued at USD 3.86 billion in 2021. The market is projected to grow from USD 4.32 billion in 2022 to USD 8.80 billion by 2029, showing a CAG of 10.69% during the forecast period.✅

▪️The automotive industry makes extensive use of forged metal components, such as engine components, transmission components, suspension components, and body sheet. Thus, growth in automotive industry is anticipated to drive metal forging market growth, and is also expected to improve the metal forging market outlook.(• Also Development in non-automotive sector like railway, defense etc, is good opportunity for AMIC💫)

▪️One of the initiatives by the Government of India's Ministry for Heavy Industries & Public Enterprises is SAMARTH Udyog Bharat 4.0, or SAMARTH Advanced Manufacturing and Rapid Transformation Hubs.

▪️The market for metal forgings is also driven by a rise in energy sectors such as oil & gas refineries, and thermal power plants.

📌STRENGTH:
➢Large & Diverse Product Portfolio.
➢Advanced Manufacturing Process.✅
➢Scalable Business Model.✅
➢Experienced Promoters and Management Team.
➢Strong Sales, Marketing ,Distribution Capabilities and Well Developed Distribution Network.💫

📌FUTURE PLAN:
▪️Focus on Advanced Products.💫

▪️Strategic Acquisition and Alliance Opportunities.✅

▪️Focus on Increase in Volume of Sales.

▪️Continue to strive for cost efficiency.

▪️Focus on consistently meeting quality standards.

📌Disclosure: Not a buy/sell recommendation. only for study and education purpose. Please consult your financial advisor before investing. Please stop investing blindly. I have bought few lots at Rs.305.4 at UC.🙏🙏

added few lots at UC. will post detailed analysis of AMIC today.

Lets see how are the next results!

​@Jonsnow global pet got 12Cr order which will be completed within 45days. Pls check🙏

All those who are there in bulk deals have special line which is connected with BSE, which helps them to place there buy order at top. No matter how much u try , u will not get until there big buy order is executed.
They just create fomo and trap at upper levels, see Deepak now on big LC.

But starting me hi lower crct lagade esa ho sakta h?

​@Puny shah no it will not open on LC , but UC will break as i'm expecting flippers and QIB to sell today and following the panic many retailers will also sell.
i may be 100% wrong.

Isme bhi LC lagegi kya?

I was finally lucky enough after months to get an IPO allotment! Did not sell it yet. Should I hold the shares for a few more days?

​@Nasir Congratulations
Yes hold it for some days 🙏

Anyone who placed buy order in preopen and order got executed ?

​@Puny shah I think one can hold it for 2-3 more UC and sell near 300, as of now it is just at its GMP price. Risk takers can hold it further - refer Kalyani cast listed last month.

It is just my assumption, which can also be wrong.

Note: I was not alloted and even was not able to get it in preopen. So my holding is nil.

🙏

Non-risk takers can sell it today at 305 🙏

After the disappointment in fab four(tata tech, gandhar, ireda, flair) finally got allotment in this ipo. Luck has changed within weeks Wishing all good luck who got allotted in this ipo.

Thanks @Cyberdude . Wishing good luck to you and hope to see you get allotted. I also wish whoever has not been allotted till now this year soon get allotment in good ipos soon. Everyone deserves a chance to make money. It should not be restricted to a limited list (I can see few are super lucky and are being allotted in every IPO). This was my first SME ipo after around 20 applications in SME ipo.

Thanks @Rajeev Kk  All the best for the future

Where can we see its Pre-open price ?

You can check here

https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-castingsforgings/amicforging/AFL02

Sold 1 lot at 251.35. Great listing

Strong opening with strongest UC expected.....

Today Listing AMIC Forging Ltd BSE SME IPO.
BSE Code:-544037
Symbol:-AMIC
Group:-MT
ISIN:-INE0P9J01013      
Issue Price:-126/-
Market Lot:-1000 Shares
Face Value:-10/-
Listing At:-BSE SME

Can this be bought at pre-open for short term? Bcz surely it will list below gmp...
Experts? Opinions?
What's the plan by allotted applicants?

Amic Forging Ltd
(AMIC | 544037 | INE0P9J01013)

Where can we check allotment lot wise.. means which lots had maximum percentage of allotment and subscription..

Check the BoA tab (basis of allotment) in the same page at top...

Buyer circuit expected on listing

Already gmp crossed 90% bse circuit limit.

0/6 hni

Experts is the 90% limit changed in bse sme as gmp is showing 108% please tell i was planning to buy one lot but seems it will list way ahead if limit is not there

We still have 90% limit in BSE SME for listing
followed with 5 % circuit limit

Bse me listing hai to kya 95 % up se jyada possibe hai?

BSE has limit of 90% or 95% ?

Whatever it is, but post listing it be in UC for atleast 2-3 days
🙏

Nafa news 1,40,000-/++++ 🔥

Is it possible to list double.
Bse sme can't list in double amount.
Can you correct me in this regards

Listing tomorrow as per allotment mail.

0/3 Retail not allotment