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Ajooni Biotech IPO is a fixed price issue of ₹6.59 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹6.59 crore.
Ajooni Biotech IPO bidding started from Dec 20, 2017 and ended on Dec 22, 2017. The shares got listed on NSE SME on Jan 2, 2018.
Ajooni Biotech IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Share India Securities Ltd..
Refer to Ajooni Biotech IPO RHP for detailed Information.
| IPO Date | December 20, 2017 to December 22, 2017 |
| Listing Date | January 2, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,96,000 shares (aggregating up to ₹6.59 Cr) |
| Reserved for Market Maker | 1,12,000 shares Share India Securities Ltd. (aggregating up to ₹0.3360 Cr) |
| Net Offered to Public | 20,84,000 shares (aggregating up to ₹6.25 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 36,59,024 shares |
| Share Holding Post Issue | 58,55,024 shares |
Ajooni Biotech IPO offers total 21,96,000 shares. Out of which 10,42,000 (47.45%) allocated to NII, 10,42,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,12,000 (5.10%) |
| NII (HNI) Shares Offered | 10,42,000 (47.45%) |
| Retail Shares Offered | 10,42,000 (47.45%) |
| Total Shares Offered | 21,96,000 (100.00%) |
Ajooni Biotech IPO opens on December 20, 2017, and closes on December 22, 2017.
| IPO Open Date | Wed, Dec 20, 2017 |
| IPO Close Date | Fri, Dec 22, 2017 |
| Tentative Listing Date | Tue, Jan 2, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 22, 2017 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2010, Ajooni Biotech Limited is Mohali, Punjab based company engaged in manufacturing, producing, processing and supplying of Cattle feed, Nutrients related to cattle feed and manufacturing & production of Animal health care supplements.
Ajooni Biotech have entered into an Agreement with Patanjali for manufacturing of Cattle feed and Distribution of Cattle feed and feed supplements in under brand name Patanjali in the states of Punjab, Himachal Pradesh, some parts of Jammu & Kashmir, Haryana and Rajasthan. Ajooni Biotech is manufacturer and supplier of Patanjali Samvriddhi, Patanjali Garbhanjali, Patanjali Batisa-pro etc brands.
Company also manufacture cattle feed & supplement under own brand name of "AUTUS Animal Healthcare".
The Company Ajooni Biotech 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 part finance working capital requirements of the Company. | 4.99 |
| 2 | General corporate purposes. | 1.15 |
[Dilip Davda] Being fully priced issue, cash surplus risk savvy investors may consider investment for long term. (Other). Read detail review...
| Listing Date | January 2, 2018 |
| BSE Script Code | |
| NSE Symbol | AJOONI |
| ISIN | INE820Y01013 |
| Final Issue Price | ₹30 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Ajooni Biotech Ltd.
D-118,
Industrial Area,
Phase-7,
Mohali, Punjab, 160055
Phone: +0172-5020758-69
Email: info@ajoonibiotech.com
Website: http://www.ajoonibiotech.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Ajooni Biotech IPO is a SME IPO of 21,96,000 equity shares of the face value of ₹10 aggregating up to ₹6.59 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on December 20, 2017, and closes on December 22, 2017.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ajooni Biotech IPO using UPI as a payment gateway. Zerodha customers can apply in Ajooni Biotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ajooni Biotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ajooni Biotech IPO opens on December 20, 2017 and closes on December 22, 2017.
Ajooni Biotech IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Ajooni Biotech 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 Ajooni Biotech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ajooni Biotech IPO allotment status.
The Ajooni Biotech IPO listing date is on Tuesday, January 2, 2018.
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