9 PM, 4th December Update: AMIC Forging IPO allotment status is now available and the link is given below. This is because of the SEBI’s T+3 rule becoming mandatory from December 1st, meaning the companies will now have to list within 3 days after the issue’s subscription ends. The allotment status can now be checked on Bigshare website. Bigshare Services is also the registrar for other SME IPOs pending for listing currently such as AMIC Forging.
The Initial Public Offering (IPO) for the AMIC Forging Limited opened for subscription on November 29th and closed on December 1st, 2023. This SME IPO is a entirely a book-built issue of Rs 34.80 crore, with entirely fresh issue of 27.62 lakh shares.
AMIC Forging IPO Allotment Details
- The official red-herring prospectus marks basis of allotment date for AMIC Forging Limited IPO as December 6th, 2023. However, allotment of shares is done on 4th December itself. The investors can check the allotment status on the website of its registrar Bigshare Services Pvt Ltd.
- The refunds to the accounts of the investors who didn’t get the allotment will initiate on the next day of allotment finalisation. The credit of shares to the Demat accounts of successful allottees will be done on the day of allotment or the next.
- The tentative date for the listing of AMIC Forging Limited is December 11. It is most likely to be preponed.
- Note that the dates are tentative and will be updated once confirmed officially.
How to check allotment status
Follow these steps to check the allotment status of AMIC Forging IPO:
- Visit the official website of AMIC Forging IPO registrar i.e., Bigshare Services Private Limited at this link or type this URL (https://www.bigshareonline.com/ipo_Allotment.html) in your browser.
- Once there, select any one of the three servers available and proceed to select the company name.
- Enter Application number/CAF No, Beneficiary ID or PAN detail and search.
- The allotment status will be displayed on the screen.
GMP and Subscription numbers
Just like mainboard IPOs of last week, the SME IPOs, especially Deepak Chemtex and AMIC Forging IPOs also received a good response as the subscription numbers indicate. AMIC Forging IPO was subscribed a total of 289.05 times with total applications being 3,10,073. QIBs subscribed 91.43 times, NIIs 589.27 times and retail investors subscribed 273.01 times. The grey market premium (GMP) for the AMIC Forging Limited is faring around 113 (89%) at the time of this writing.
NOTE: Edited, corrected the allotment date and T+3 rule remark.
