AMBO Agritec Ltd IPO Detail
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:
- Manufacturing of Biscuits
- Outsourced Manufacturing of Edible Oil, Vanaspati, Bengali Speciality Products, etc. (through a third party)
- Trading of Crude Linseed Oil, Soyabean Meal, etc.
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:
- Manufacturing of Biscuits
- Outsourced Manufacturing of Edible Oil, Vanaspati, Bengali Speciality Products, etc. (through a third party)
- Trading of Crude Linseed Oil, Soyabean Meal, etc.
Company Promoters
Mr. Umesh Kumar AgarwalIPO Details
| IPO Opening Date | Nov 21, 2022 |
| IPO Closing Date | Nov 24, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹10.20 Cr |
| Fresh Issue | ₹10.20 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.71x | 2.81x | 1.76x | |
| Day 2 | - | - | 4.93x | 19.46x | 12.19x | |
| Day 3 | - | - | 21.14x | 78.17x | 49.65x | |
| Day 4 | - | - | 323.51x | 350.00x | 336.75x |
IPO Tentative Timetable
The AMBO Agritec Ltd IPO open date is Nov 21, 2022, and the close date is Nov 24, 2022. The issue may list on Dec 02, 2022.
| IPO Open Date | Nov 21, 2022 |
| IPO Close Date | Nov 24, 2022 |
| Basis of Allotment Date | Nov 29, 2022 |
| Initiation of Refunds | Nov 30, 2022 |
| Credit of Shares to Demat Account | Dec 01, 2022 |
| IPO Listing Date | Dec 02, 2022 |
IPO Lot Size
The AMBO Agritec Ltd IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹120000 |
| Maximum | 1 | 4000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 94.96% |
| Post Issue Share Holding | 60.60% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2113.76 | 7428.14 | 31.99 |
| 31-Mar-21 | 2212.42 | 4717.31 | 19.11 |
| 31-Mar-22 | 2553.75 | 9485.54 | 119.27 |
Objects of the Issue:
The Objects of the Issue are:
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
AMBO Agritec Ltd IPO Registrar:
Cameo Corporate Services Limited
AMBO Agritec Ltd IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
AMBO Agritec Ltd
3, Pretoria Street, Chandrakunj Building,
2nd Floor,
Kolkata – 700071
