AMIC Forging Limited
LISTEDSME IPO · IPO Guide
Issue Price
₹121 – ₹126
Listed On
06 Dec 2023
Listing Price
₹239.40 (+90.00%)
Current Price LIVE
₹239.40
(+90.00%)
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,26,000 |
| Retail (Max) | 2 | 2,000 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,78,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,08,000 |
As per financials, AMIC Forging Limited has shown good growth, RoNW is 49.40% and P/E is respectively 152.78, 13.49 and 9.18 as per FY22, FY23 and annualised FY24 earnings. So, issue looks fully priced. Also sudden jump in net-profit just before IPO is very surprising. Company is in business of manufacturing forged components, which is highly competitive segment. Performance of BRLM is good. So, we give rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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