Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Wed, Nov 2, 2022 - Mon, Nov 7, 2022
Amiable Logistics IPO is a fixed price issue of ₹4.37 crores. The issue is entirely a fresh issue of 0.05 crore shares of ₹4.37 crore.
Amiable Logistics IPO bidding started from Nov 2, 2022 and ended on Nov 7, 2022. The allotment for Amiable Logistics IPO was finalized on Nov 11, 2022. The shares got listed on NSE SME on Nov 16, 2022.
Amiable Logistics IPO price is ₹81 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,59,200.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Amiable Logistics IPO RHP for detailed Information.
IPO Open
Wed, Nov 2, 2022
IPO Close
Mon, Nov 7, 2022
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹14.16 Cr
| IPO Date | 2 to 7 Nov, 2022 |
| Listed on | Wed, Nov 16, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 5,39,200 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 27,200 shares Shreni Shares Ltd. (agg. up to ₹0.2203 Cr) |
| Fresh Issue (Ex Market Maker) | 5,12,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 5,12,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 12,09,000 shares |
| Share Holding Post Issue | 17,48,200 shares |
| NSE Symbol | AMIABLE |
| ISIN | INE0MTP01013 |
Amiable Logistics IPO comprises a total issue size of 5,39,200 shares. The net offer to the public is 5,12,000 shares, after excluding 27,200 shares allotted on a firm basis. Of the Net offer 2,56,000 (50.00%) allocated to NII 2,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,56,000 | 50.00% | 47.48% |
| Retail Shares Offered | 2,56,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 27,200 | 5.04% | |
| Total Shares Offered | 5,39,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,29,600 |
| Retail (Max) | 1 | 1,600 | ₹1,29,600 |
| HNI (Min) | 2 | 3,200 | ₹2,59,200 |
Incorporated in 2002, Amiable Logistics (India) Limited is in the business of providing services to importers and exporters for the smooth clearance of all kinds of imports and exports by air and sea as a clearing and forwarding agent and customs house broker. The company is a member of "The Brihanmumbai Custom House Agent's Association" popularly known as BCHAA or BCBA.
The company's services also include import-export consultancy, international freight forwarding, recovery of all types of claims including customs & insurance, warehousing, and transportation through air, road and sea.
The company provides a complete range of services like Freight Forwarding (Sea freight & Air freight), Customs Clearance, Warehousing, Transportation, Multimodal Transportation, loading/unloading of items to facilitate our customers with end-to-end solutions and other related value-added services.
The company cater its services mainly in the domestic market specifically in the state of Maharashtra.
Strengths:
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 6.57 | 3.68 | 3.17 | 4.64 |
| Total Income | 13.64 | 17.26 | 14.04 | 16.13 |
| Profit After Tax | 0.65 | 0.48 | 0.30 | 0.21 |
| NET Worth | 2.41 | 1.76 | 1.27 | 0.92 |
| Reserves and Surplus | 1.20 | 0.55 | 1.07 | 0.72 |
| Total Borrowing | 0.61 | 0.05 | 0.66 | 0.99 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 2.85 |
| 2 | General Corporate Purpose | 1.00 |
| KPI | |
|---|---|
| ROE | 31.96 |
| ROCE | 35.84 |
| Debt/Equity | 0.03 |
| RoNW | 27.56 |
| PAT Margin | 3.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 240.09 | |
| P/E (x) | 10.9 | |
| Promoter Holding | 100.00% | 69.16% |
| Market Cap | ₹14.16 Cr. |
The Amiable Logistics IPO is subscribed 234 times on November 7, 2022 7:00:00 PM (Day 4). The public issue subscribed 281.98 times in the retail category, [.] times in the QIB category, and 186.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 186.03 | 2,56,000 | 4,76,22,400 |
| Retail | 281.98 | 2,56,000 | 7,21,87,200 |
| Total | 234 | 5,12,000 | 11,98,09,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.29 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 0.09 |
| 6 | Regulators including stock exchanges | 0.03 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹129.95 |
| Low | ₹125.00 |
| High | ₹136.40 |
| Last Trade | ₹136.40 |
Lead Manager Reports
Amiable Logistics IPO is a SME IPO of 5,39,200 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Nov 2, 2022, and closes on Mon, Nov 7, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Amiable Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Amiable Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Amiable Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Amiable Logistics IPO opens on Wed, Nov 2, 2022 and closes on Mon, Nov 7, 2022.
Amiable Logistics IPO lot size is 1600, and the minimum amount required for application is ₹1,29,600.
You can apply in Amiable Logistics 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 Amiable Logistics IPO will be done on Friday, November 11, 2022, and the allotted shares will be credited to your demat account by Tue, Nov 15, 2022. Check the Amiable Logistics IPO allotment status.
The Amiable Logistics IPO listing date is on Wed, Nov 16, 2022.
