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Ambition Mica IPO is a fixed price issue of ₹4.30 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹4.30 crore.
Ambition Mica IPO bidding started from Jun 23, 2015 and ended on Jun 30, 2015. The shares got listed on BSE SME on Jul 14, 2015.
Ambition Mica IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
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 BCB Brokerage Pvt.Ltd..
Refer to Ambition Mica IPO RHP for detailed Information.
| IPO Date | June 23, 2015 to June 30, 2015 |
| Listing Date | July 14, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,74,000 shares (aggregating up to ₹4.30 Cr) |
| Reserved for Market Maker | 54,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.2160 Cr) |
| Net Offered to Public | 10,20,000 shares (aggregating up to ₹4.08 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 29,00,000 shares |
| Share Holding Post Issue | 39,74,000 shares |
Ambition Mica IPO offers total 10,74,000 shares. Out of which 5,10,000 (47.49%) allocated to NII, 5,10,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 54,000 (5.03%) |
| NII (HNI) Shares Offered | 5,10,000 (47.49%) |
| Retail Shares Offered | 5,10,000 (47.49%) |
| Total Shares Offered | 10,74,000 (100.00%) |
Ambition Mica IPO opens on June 23, 2015, and closes on June 30, 2015.
| IPO Open Date | Tue, Jun 23, 2015 |
| IPO Close Date | Tue, Jun 30, 2015 |
| Tentative Listing Date | Tue, Jul 14, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jun 30, 2015 |
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 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 21.83% |
The Company Ambition Mica 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 | 3.50 |
| 2 | General Corporate Purpose | 0.38 |
| 3 | Issue Expenses | 0.42 |
[Dilip Davda] <p>If we annualized these earnings and attribute on expanded equity post issue then the issue is at a P/E of 9 plus and P/BV of 2 plus. Thus pricing appears to be reasonable.</p> <p>On merchant banker’s front, this is eighth SME offer from it and its earlier mandates have given positive rewards to investors.</p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="color: red; font-family: 'Times New Roman','serif'; font-size: 12pt;">DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</span></strong></p> Read detail review...
| Listing Date | July 14, 2015 |
| BSE Script Code | 539223 |
| NSE Symbol | |
| ISIN | INE563S01011 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹45.00 |
| Low | ₹45.00 |
| High | ₹47.00 |
| Last Trade | ₹45.15 |
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:
Website: https://ipostatus.kfintech.com/
Ambition Mica IPO is a SME IPO of 10,74,000 equity shares of the face value of ₹10 aggregating up to ₹4.30 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on June 23, 2015, and closes on June 30, 2015.
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 Ambition Mica IPO using UPI as a payment gateway. Zerodha customers can apply in Ambition Mica IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ambition Mica IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ambition Mica IPO opens on June 23, 2015 and closes on June 30, 2015.
Ambition Mica IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Ambition Mica 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 Ambition Mica IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ambition Mica IPO allotment status.
The Ambition Mica IPO listing date is on Tuesday, July 14, 2015.
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