AMIC Forging SME IPO hits D-Street: Check out allotment date, listing date, other key details

AMIC Forging IPO: AMIC Forging's IPO opened for subscription on Wednesday, November 29, at a price band of Rs 121-126 per share. The SME IPO will be open for subscription from 10 am to 5 pm for three trading days, till December 1.

The AMIC Forging IPO, comprising fresh issuance of 27.6 lakh shares, is a book-building issue of Rs 34.8 crore in the SME segment.  

Here are some of the important things to know about the AMIC Forging IPO: 

Important dates: AMIC Forging IPO allotment date, AMIC Forging IPO listing date

The basis of the allotment of shares under the IPO of AMIC Forging is set to be finalised on December 6.

The AMIC Forging stock is likely to be listed on December 11.

The stock will be traded on the BSE SME platform.

AMIC Forging IPO: Book-running lead managers

Gretex Corporate Services is the book-running lead manager whereas Bigshare Services is the registrar for the AMIC Forging IPO.

AMIC Forging IPO: Fund Utilisation

The company intends to utilise the net proceeds from the issue towards the setting up of a manufacturing facility, working capital requirements and general corporate purposes.

What does AMIC Forging do?

Incorporated in 2007, AMIC Forging manufactures forged components catering to various industries. The company manufactures precision machined components such as rounds, shafts, blanks, and also completes finished engineering and spare parts including gear couplings, hubs, rounds and flanges.

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