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Ambition Mica FPO is a book build issue of ₹12.60 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹12.60 crore.
Ambition Mica FPO bidding started from Nov 16, 2017 and ended on Nov 21, 2017. The shares got listed on BSE SME on Nov 29, 2017.
Ambition Mica FPO price band is set at ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Ambition Mica FPO RHP for detailed Information.
| IPO Date | November 16, 2017 to November 21, 2017 |
| Listing Date | November 29, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹40 to ₹42 per share |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹12.60 Cr) |
| Reserved for Market Maker | 1,56,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.6552 Cr) |
| Net Offered to Public | 28,44,000 shares (aggregating up to ₹11.94 Cr) |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 29,00,000 shares |
| Share Holding Post Issue | 39,74,000 shares |
Ambition Mica FPO offers total 30,00,000 shares. Out of which 14,22,000 (47.40%) allocated to NII, 14,22,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.20%) |
| NII (HNI) Shares Offered | 14,22,000 (47.40%) |
| Retail Shares Offered | 14,22,000 (47.40%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Ambition Mica FPO opens on November 16, 2017, and closes on November 21, 2017.
| IPO Open Date | Thu, Nov 16, 2017 |
| IPO Close Date | Tue, Nov 21, 2017 |
| Tentative Listing Date | Wed, Nov 29, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 21, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Incorporated in 2010, Ambition Mica Ltd is one of the leading manufacturers of mid segment decorative laminates and door skins. They market laminates under brands like Antique, Art Lam, Antique Aurum, Antique Colourcore and Antique Natural Wood. They also market door skin under brand name Beautique, Texas, Micro Touch, Antique Natural Wood and Door Touch.
Specialisation in textured laminated, company has diverse range with 1152 designs in laminates and 429 designs in door skins, that meets customer fancy.
"Ambition Mica" enjoys a unique brand identity as the market leader, which offerings that are considered industry Benchmarks. "Ambition Mica" has come up with an object of new design solution for interiors and architects to inspire their idea with a commitment to set new trend in interior and furniture world to yield unexpected results. "Ambition Mica" offers simplicity with carefully chosen Textures, Wood grains series, Metals, Colors etc.
The Company Ambition Mica FPO 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 Requirements | 9.00 |
| 2 | General Corporate Purposes | 2.60 |
[Dilip Davda] Although issue is priced aggressively on the basis of its performances, its faring on bourses makes it an appealing investment. Investment may be considered for medium to long term. (Subscribe). Read detail review...
| Listing Date | November 29, 2017 |
| BSE Script Code | 539223 |
| NSE Symbol | |
| ISIN | INE563S01011 |
| Final Issue Price | ₹42 per share |
| BSE Listing Group | M (Rolling) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹42.05 |
| Low | ₹42.00 |
| High | ₹44.45 |
| Last Trade | ₹43.15 |
Ambition Mica Ltd.
Shop No 10
Ground Floor,
Raghav Residenct Naroda,
Ahmedabad, Gujarat, 382330
Phone: +91-79-65417241
Email: investors@ambitionmica.com
Website: http://www.ambitionmica.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: investors@ambitionmica.com
Website: https://ipostatus.kfintech.com/
Ambition Mica FPO is a SME FPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹12.60 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The FPO opens on November 16, 2017, and closes on November 21, 2017.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ambition Mica FPO using UPI as a payment gateway. Zerodha customers can apply in Ambition Mica FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ambition Mica FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ambition Mica FPO opens on November 16, 2017 and closes on November 21, 2017.
Ambition Mica FPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in Ambition Mica FPO 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 Ambition Mica FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ambition Mica FPO allotment status.
The Ambition Mica FPO listing date is on Wednesday, November 29, 2017.
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