AMIC FORGING LIMITED– SME IPO at BSE SME to open on November 29, 2023

The products that are manufactured by the company are Main Shaft for Wind Energy, Drum Tube Sheet, Forged Shell, Tube Sheet, Nozzle for Oil & Gas and Trunnion for Nuclear Power Plant which are mainly used in various industry such as Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry etc. 

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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 CAGR of 10.69% during the forecast period.

Key Highlights

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● The company excels in manufacturing forging components according to international standards like AISI, BS, IS, and DIN. 

● With a well-established design center equipped with the latest 3D software and staffed by highly trained technicians, Company is dedicated to delivering superior quality products.

● Excelling in manufacturing tailor-made products. 

● The products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys.

● Vision is to provide top-notch products to clients while expanding the range of services by venturing into various other industries. 

● Experienced and dedicated senior team across key functions

● Long-standing relationship with our existing clientele

The Company has grown its revenue from operations has grown from ₹ 2,643.37 lakhs in fiscal 2021 to ₹ 11,683.01lakhs in fiscal 2023, EBITDA has grown from ₹ 154.42 lakhs in fiscal 2021 to ₹ 1,454.55 lakhs in fiscal 2023, while Profit after tax from ₹ 56.27 lakhs in fiscal 2021 to ₹ 980.01 lakhs in fiscal 2023 on a consolidation basis. IN FY23 company has EBITDA margins of 12.45% and PAT margins of 8.39%.

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