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A & M Febcon IPO is a fixed price issue of ₹6.68 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹6.68 crore.
A & M Febcon IPO bidding started from Sep 1, 2017 and ended on Sep 6, 2017. The shares got listed on BSE SME on Sep 14, 2017.
A & M Febcon IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Gretex Corporate Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to A & M Febcon IPO RHP for detailed Information.
| IPO Date | September 1, 2017 to September 6, 2017 |
| Listing Date | September 14, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,12,000 shares (aggregating up to ₹6.68 Cr) |
| Reserved for Market Maker | 1,92,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.3456 Cr) |
| Net Offered to Public | 35,20,000 shares (aggregating up to ₹6.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 54,40,289 shares |
| Share Holding Post Issue | 91,52,289 shares |
A M Febcon offers total 37,12,000 shares. Out of which 17,60,000 (47.41%) allocated to NII, 17,60,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.17%) |
| NII (HNI) Shares Offered | 17,60,000 (47.41%) |
| Retail Shares Offered | 17,60,000 (47.41%) |
| Total Shares Offered | 37,12,000 (100.00%) |
A & M Febcon IPO opens on September 1, 2017, and closes on September 6, 2017.
| IPO Open Date | Fri, Sep 1, 2017 |
| IPO Close Date | Wed, Sep 6, 2017 |
| Tentative Listing Date | Thu, Sep 14, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 6, 2017 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Incorporated in 2013, A & M Febcon Ltd is engaged in the services of engineering which is applied to the planning, designing and control of industrial operations and in the business of Industrial equipment and metal fabrication.
Metal fabrication involves converting raw metal sheet / coil / plate into an intermediate /semi -finished products through a series of processes including cutting, bending and assembling.
Industrial equipment fabrication (process equipment fabrication) is the most complex of the three - structural, commercial, & industrial - and is used primarily to develop industrial machinery. Industrial fabrication operation is mostly customized in nature. Equipments & machineries manufactured through industrial fabrication include boilers, storage tanks, heat exchangers, columns, and towers etc, collectively called as process plant equipments. These process plant equipments are widely used in petrochemical plants, oil & gas refinery, metal industry, cement plants, pulp & paper manufacturing plants etc.
The Company A & M Febcon 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 | To Meet working capital requirement | 6.10 |
| 2 | General corporate purpose | 0.18 |
[Dilip Davda] Considering track record and aggressive pricing of A & M Febcon BSE SME IPO, there is no harm in giving this IPO a miss. Read detail review...
| Listing Date | September 14, 2017 |
| BSE Script Code | 540697 |
| NSE Symbol | |
| ISIN | INE319X01018 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.00 |
| Low | ₹14.40 |
| High | ₹18.60 |
| Last Trade | ₹18.00 |
A & M Febcon Ltd.
A-2 Hira Anand Tower,
Gordhanwadi Tekra,
Kankaria
Ahmedabad, Gujarat, 380008
Phone: +91-9825363594
Email: aandmfebcon@gmail.com
Website: http://www.aandmfebcon.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
A & M Febcon IPO is a SME IPO of 37,12,000 equity shares of the face value of ₹10 aggregating up to ₹6.68 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on September 1, 2017, and closes on September 6, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in A & M Febcon IPO using UPI as a payment gateway. Zerodha customers can apply in A & M Febcon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in A & M Febcon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The A & M Febcon IPO opens on September 1, 2017 and closes on September 6, 2017.
A & M Febcon IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in A & M Febcon 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 Febcon IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the A & M Febcon IPO allotment status.
The A & M Febcon IPO listing date is on Thursday, September 14, 2017.
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