Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Mon, Jan 29, 2018 - Fri, Feb 2, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jan 29, 2018
IPO Close
Fri, Feb 2, 2018
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹11.39 Cr
| IPO Date | 29 Jan to 2 Feb, 2018 |
| Listed on | Mon, Feb 12, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 6,16,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 32,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2080 Cr) |
| Fresh Issue (Ex Market Maker) | 5,84,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 5,84,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 11,36,500 shares |
| Share Holding Post Issue | 17,52,500 shares |
| NSE Symbol | PARAMPARA |
| ISIN | INE749Y01014 |
A & M Jumbo Bags IPO comprises a total issue size of 6,16,000 shares. The net offer to the public is 5,84,000 shares, after excluding 32,000 shares allotted on a firm basis. Of the Net offer 2,92,000 (50.00%) allocated to NII 2,92,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,92,000 | 50.00% | 47.40% |
| Retail Shares Offered | 2,92,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 32,000 | 5.19% | |
| Total Shares Offered | 6,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 2.73 |
| 2 | General Corporate Purpose | 0.77 |
The A and M Jumbo Bags IPO is subscribed 7.44 times on February 2, 2018 5:00:00 PM (Day 5). The public issue subscribed 10.88 times in the retail category, [.] times in the QIB category, and 3.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.97 | 2,92,000 | 11,60,000 |
| Retail | 10.88 | 2,92,000 | 31,76,000 |
| Total | 7.44 | 5,84,000 | 43,46,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹70.50 |
| Low | ₹66.50 |
| High | ₹73.80 |
| Last Trade | ₹66.55 |
Lead Manager Reports
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 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jan 29, 2018, and closes on Fri, Feb 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 Mon, Jan 29, 2018 and closes on Fri, Feb 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 Fri, Feb 9, 2018. Check the A & M Jumbo Bags IPO allotment status.
The A & M Jumbo Bags IPO listing date is on Mon, Feb 12, 2018.
