AMIC Forging Limited IPO Message Board (Page 7)

Which one is a safer bet?
Amic or deepak ????
I have funds to apply only for one
Experts advice needed please

Risk of Election Results

Any one , who is applying 7 lots here? Please join me

​@Basuvr Thank you very much Sir for answering my questions so patiently.

Thanks again.👏

Applied 7 lots x 5 applications👍

Apply here in my view....no risk....it will give good listing gains.....company looks good from financial and business perspective and LM also....

Thanks

subject2 rates also increased from 45K to 85K in this from yesterday till today....
@common man you can decide as per funds availability etc....all depends on luck mainly for allotment...deepak chances will be very tough...

final call to all senior members apply or avoid?

Apply with FF

Apply

I am a novice and must be missing something but can some guide what is making AMIC's shareholders capital 85.85 Lakhs (as per balance sheet in RHP) whenas their Share holding pre issue is 7,726,410 and post issue is 10,488,410?

In July 2023 , the Company issued bonus shares in the ratio of 8:1 and hence the increase in pre issue equity from 0.86 cr to 7.73 cr.

Thank you so much

PLZ advice senior member @KAPPO @Noorul @B.M.SURANA Apply or avoid ? .GMP ?

Hi Guys, please help me... I have applied 1 Los in Shni at 3 pm through Angel one app in UPI mandate, but still I have not received approve mandate in UPI... I made any mistake?

i think shni & bhni only asba, before 2pm tomorrow

Thank you bro...🙏

​@newgen consultancy
Hi all are eagerly waiting for your final call on these current SME IPOs. Please feel free to give your valuable opinion. Thanks in advance

25k - 30k
Sub2

The reason for there increase in profits is due to increase in Precision engineering works with forging. That is their USP.
Forging activities have a low margin - Yes. But they do engineering works - that is the reason they are getting good margin.

They have big clients like - L&T , JSPL, TATA Steel and many more.
This shows their growth and this sector is in high demand as well as this is an import substitution. Previously these big giants use to import these products due to quality factor. But now such superior quality is being made here.

IPO points to note - AMIC Forging & Marinetrans

Sir!
any specific reason mentioned in rhp for sudden increase in margins?
also why peers have low PE?

As they are running at 80% capacity utilisation from last year onwards..so, how can they ensure topline growth in future?
Also, are the margins sustainable.?

GMP ?

Company achive double its revenue with its existing resources giving great profitability in 2023, its time to raise fund to sustain its growth.

Some unanswered questions:

1) High loans & advances of Rs 9 cr (to others).....who are these 'others'.....and related party loans & advances of Rs 1.9 cr......even though company has debt of Rs 3 cr+ ????

2) Invested in shares of HFCL Ltd worth Rs 3.24 cr....sitting on a loss...market value as on June 2023 is Rs 2.45 cr ....please don't punt in the stock market with the ipo proceeds

3) The biggest unanswered question is the sky rocketing profit from Rs 0.86 cr in FY2022 to Rs 9.8 cr in FY2023

Do check my post on Net Avenue Technologies page.....another blatant twisting of profits to fool investors.....

Yes, I did see it and I've also interacted with them in the past so wasn't interested in even looking at the financials before making up my mind to skip.

But great work being done by you - best wishes and thank you!

Keep minting!

Profit rised 11 times from 2022 to 2023..rise in Revenue is 30%,how profit can increase 11 times ???? it seems cooked financial for ipo..SME ha... everything is possible...

GOL MAL HAI BHAI SAB GOL MAL HAI.

​@BLUE WHALE ગોલ માલ છે કે ચોરસ માલ .. આપણે જોઈશું ..

​@BLUE WHALE Explain The Statement _ "GOL MAL HAI BHAI SAB GOL MAL HAI"

માલ તો કડક નિકડીયો .. +90% મા લીસ્ટ થયો .. ✌️

Excellent financials and LM with very good past performance.

why we think that companys based out of kolkata cannot florish. come out guys with this dillema as nse and govt.of wb signed a mou in between govt. themselves will promote msme sector to raise fund through ipo and keep growing. so guys may be the past is not very good of wb in terms of business in industries wise but the time has changed and the thoughts of the resident of west bengal as well the govt. is also changed. so chill guys and invest in the sme sector for the good profit marzine and keep investing. good to go guys have a profitable investing.

Financial if not coocked than looking very good