Amic Forging Plans Fund Raise of up to ₹400 Million in Shares and ₹99.8 Million Warrants: Strategic Capital Boost Ahead

Image Source : IPO Watch

Amic Forging Limited announced its plan to issue shares worth up to ₹400 million and warrants worth up to ₹99.8 million. The fund raise aims to support business expansion, enhance working capital, and strengthen the company’s financial structure through equity instruments.

Amic Forging Limited, a prominent player in the forging industry, has unveiled plans to raise capital by issuing shares up to ₹400 million and warrants up to ₹99.8 million. This fund-raising initiative is expected to fuel the company’s upcoming expansion projects, optimize working capital usage, and support long-term growth strategies.

The company’s Board of Directors will meet shortly to consider various modes of raising these funds, including private placements or qualified institutional placements (QIP). The share issuance and warrant subscription will be conducted in compliance with regulatory frameworks under SEBI and the Companies Act, including approval from the shareholders via an Extraordinary General Meeting (EGM) or postal ballot.

Shares will likely be offered with a face value of ₹10 each, with warrants convertible into equity shares, providing flexibility to investors and Amic Forging in timing capital inflows. The warrants issuance of ₹99.8 million adds an attractive feature for investors seeking potential future share conversion benefits.

Notable Updates:

Plan to issue equity shares totaling up to ₹400 million and warrants up to ₹99.8 million.
Fundraise may be executed through private placement, QIP, or other permissible methods.
Warrants issuance includes convertible options, enhancing investor attraction.
Approval sought from shareholders via EGM/postal ballot, complying with SEBI norms.
Fund usage targeted at business expansion, working capital, and strategic growth initiatives.
Trading window closure imposed for directors and designated persons during the process for insider trading compliance.

Important Points:

The move reflects Amic Forging’s commitment to strengthening financial health amidst planned expansions.
The combination of equity and warrants offers a balanced approach to capital raising, appealing to different investor profiles.
Regulatory compliance and shareholder engagement emphasize transparency and governance in the fund raise.
Positive investor sentiment could follow as the company expands production capabilities and enhances market positioning.

Sources: ScanX Trade, Economic Times Market Data, Moneycontrol, Market Screene

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