Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Mon, Nov 21, 2022 - Thu, Nov 24, 2022
AMBO Agritec IPO is a fixed price issue of ₹10.20 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹10.20 crore.
AMBO Agritec IPO bidding started from Nov 21, 2022 and ended on Nov 24, 2022. The allotment for AMBO Agritec IPO was finalized on Nov 29, 2022. The shares got listed on BSE SME on Dec 2, 2022.
AMBO Agritec IPO price is ₹30 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) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Finshore Management Services 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 Nikunj Stock Brokers Ltd..
Refer to AMBO Agritec IPO RHP for detailed Information.
IPO Open
Mon, Nov 21, 2022
IPO Close
Thu, Nov 24, 2022
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹28.19 Cr
| IPO Date | 21 to 24 Nov, 2022 |
| Listed on | Fri, Dec 2, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 34,00,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,72,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.5160 Cr) |
| Fresh Issue (Ex Market Maker) | 32,28,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 32,28,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 59,95,160 shares |
| Share Holding Post Issue | 93,95,160 shares |
| BSE Script Code | 543678 |
| ISIN | INE0N6V01016 |
AMBO Agritec IPO comprises a total issue size of 34,00,000 shares. The net offer to the public is 32,28,000 shares, after excluding 1,72,000 shares allotted on a firm basis. Of the Net offer 16,12,000 (49.94%) allocated to NII 16,16,000 (50.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,12,000 | 49.94% | 47.41% |
| Retail Shares Offered | 16,16,000 | 50.06% | 47.53% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,72,000 | 5.06% | |
| Total Shares Offered | 34,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 1994, Ambo Agritec Limited is a Kolkata-based company engaged in manufacturing Biscuits and outsourced manufacturing of Edible Oils, Vanaspati, Bengali Speciality Products, trading of Crude Linseed Oil, and Soyabean Meal.
Ambo Agritec products are sold under the brand names 'Happy Bites' for Biscuits, 'Happy Heart' for Edible Oil, 'Ambo Gold' & 'Vanaspati 2000' for Vanaspati, and 'Max Health' for Bengali Speciality Products.
The company operates in three segments:
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 26.30 | 25.54 | 22.12 | 21.14 |
| Total Income | 16.21 | 94.86 | 47.17 | 74.28 |
| Profit After Tax | 0.50 | 1.19 | 0.19 | 0.32 |
| NET Worth | 4.20 | 3.71 | 2.52 | 2.32 |
| Reserves and Surplus | 2.46 | 1.96 | 0.77 | 0.58 |
| Total Borrowing | 3.79 | 4.07 | 3.81 | 2.43 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 8.96 |
| 2 | General Corporate Purposes | 0.75 |
| KPI | Mar 31, 2022 |
|---|---|
| ROE | 36.86 |
| ROCE | 36 |
| Debt/Equity | 3.18 |
| RoNW | 32.16 |
| PAT Margin | 1.26% |
| EBITDA Margin | 3.01% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.41 | |
| P/E (x) | 14.22 | |
| Promoter Holding | 94.96% | 60.60% |
| Market Cap | ₹28.19 Cr. |
The AMBO Agritec IPO is subscribed 336.75 times on November 24, 2022 6:56:00 PM (Day 4). The public issue subscribed 350 times in the retail category, [.] times in the QIB category, and 323.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 323.51 | 16,14,000 | 52,21,44,000 |
| Retail | 350 | 16,14,000 | 56,48,96,000 |
| Total | 336.75 | 32,28,000 | 1,08,70,40,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries Fees | 0.25 |
| 2 | Regulators Including Stock Exchanges | 0.15 |
| 3 | Advertising and Marketing Expenses | 0.05 |
| 4 | Printing and distribution of Issue Stationary | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹40.10 |
| Low | ₹39.30 |
| High | ₹42.10 |
| Last Trade | ₹42.10 |
Lead Manager Reports
AMBO Agritec IPO is a SME IPO of 34,00,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Nov 21, 2022, and closes on Thu, Nov 24, 2022.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in AMBO Agritec IPO using UPI as a payment gateway. Zerodha customers can apply in AMBO Agritec IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AMBO Agritec IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AMBO Agritec IPO opens on Mon, Nov 21, 2022 and closes on Thu, Nov 24, 2022.
AMBO Agritec IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in AMBO Agritec 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 AMBO Agritec IPO will be done on Tuesday, November 29, 2022, and the allotted shares will be credited to your demat account by Thu, Dec 1, 2022. Check the AMBO Agritec IPO allotment status.
The AMBO Agritec IPO listing date is on Fri, Dec 2, 2022.
