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A & M Jumbo Bags IPO is a fixed price issue of ₹4.00 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹4.00 crore.
A & M Jumbo Bags IPO bidding started from Jan 29, 2018 and ended on Feb 2, 2018. The allotment for A & M Jumbo Bags IPO was finalized on Feb 7, 2018. The shares got listed on NSE SME on Feb 12, 2018.
A & M Jumbo Bags IPO price is ₹65.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to A & M Jumbo Bags IPO RHP for detailed Information.
| IPO Date | January 29, 2018 to February 2, 2018 |
| Listing Date | February 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,16,000 shares (aggregating up to ₹4.00 Cr) |
| Reserved for Market Maker | 32,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.2080 Cr) |
| Net Offered to Public | 5,84,000 shares (aggregating up to ₹3.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 11,36,500 shares |
| Share Holding Post Issue | 17,52,500 shares |
A and M Jumbo Bags IPO offers total 6,16,000 shares. Out of which 2,92,000 (47.40%) allocated to NII, 2,92,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 32,000 (5.19%) |
| NII (HNI) Shares Offered | 2,92,000 (47.40%) |
| Retail Shares Offered | 2,92,000 (47.40%) |
| Total Shares Offered | 6,16,000 (100.00%) |
A & M Jumbo Bags IPO opens on January 29, 2018, and closes on February 2, 2018.
| IPO Open Date | Mon, Jan 29, 2018 |
| IPO Close Date | Fri, Feb 2, 2018 |
| Tentative Allotment | Wed, Feb 7, 2018 |
| Initiation of Refunds | Thu, Feb 8, 2018 |
| Credit of Shares to Demat | Fri, Feb 9, 2018 |
| Tentative Listing Date | Mon, Feb 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 2, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Incorporated in 2011, A and M Jumbo Bags Limited is Ahmadabad-based company engaged in manufacturing and supply of Polyethylene Jumbo Bags and Flexible Intermediate Bulk Container (FIBC) used in industrial and commercial packaging units. These bags are used in packing of various materials such as chemicals, fertilizers, pharmaceuticals, polymers, cement, minerals, food grains, human consumption items, etc. FIBC's are widely used for bulk transportation of industrial raw material, semi finished and finished product.
These bags are giant size bags in drum or box shape and are internationally used as bulk bags or big sized bags or Flexible Intermediate Bulk Containers. These bags are made out of PP UV stabilized nylon or polypropylene or HDPE fabric with four corner loops for easy handling. Top and bottom spouts are provided for easy filling and discharge of material. There is also a provision for controlled discharge of the material at required rates.
The manufacturing unit of the Company is located at Jabalpur, Ahmadabad. Company has installed facility to manufacture 2,00,000 Pieces. In year 2017-18 company produced around 1,25,744 bags.
The Company A & M Jumbo Bags IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 2.73 |
| 2 | General Corporate Purpose | 0.77 |
[Dilip Davda] <p>If compared with peers, AnM has the lowest turnover and the working of last three fiscals is on the basis of its Rs. 0.17 crore equity that is expanding to Rs. 1.75 crore post issue. It issued rights shares at a price of Rs. 16 per share in October 2017 and now wants new investors to part Rs. 65 per share. Investors have better options in secondary market for investment at lower P/Es. Hence there is no harm in giving this issue a miss.</p> Read detail review...
| Listing Date | February 12, 2018 |
| BSE Script Code | |
| NSE Symbol | AMJUMBO |
| ISIN | INE749Y01014 |
| Final Issue Price | ₹65 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹70.50 |
| Low | ₹66.50 |
| High | ₹73.80 |
| Last Trade | ₹66.55 |
A & M Jumbo Bags Ltd.
Block No.-100, Bhagwati Rice Mill,
Opp. Hp Petrol Pump, Jetalpur,
Daskroi,
Ahmedabad, Gujarat, 382426
Phone: +91 9173398575;
Email: investor@aandmjumbobags.com
Website: http://www.aandmjumbobags.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
A & M Jumbo Bags IPO is a SME IPO of 6,16,000 equity shares of the face value of ₹10 aggregating up to ₹4.00 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on January 29, 2018, and closes on February 2, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in A & M Jumbo Bags IPO using UPI as a payment gateway. Zerodha customers can apply in A & M Jumbo Bags IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in A & M Jumbo Bags IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The A & M Jumbo Bags IPO opens on January 29, 2018 and closes on February 2, 2018.
A & M Jumbo Bags IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in A & M Jumbo Bags IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for A & M Jumbo Bags IPO will be done on Wednesday, February 7, 2018, and the allotted shares will be credited to your demat account by Friday, February 9, 2018. Check the A & M Jumbo Bags IPO allotment status.
The A & M Jumbo Bags IPO listing date is on Monday, February 12, 2018.
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