Amic Forging Ltd - IPO

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