Aristo Bio-Tech and Lifescience Limited IPO Detail
Incorporated in 2005, Aristo Bio-Tech and Lifescience Limited is an agrochemical company. They are mainly engaged in the manufacturing, formulation, supplying, packaging, and job work services of various Pesticides.
They deliver their products in India as well as engage in exporting products like Insecticides, Herbicides, Fungicides, Plant Growth Regulators, and a wide variety of other Agrochemicals.
The industry Aristo Bio-Tech and Lifescience is engaged in, is a wide canvas full of possibilities where the entities deal in the production and distribution of pesticides and fertilizers. All these entities contribute towards enhancing crop yields and their quality.
Aristo Bio-Tech and Lifescience are delivering their products in over 20 states of India. Also, the offerings are extended to over 15 countries, including Armenia, Australia, Bangladesh, Belgium, Cambodia, Germany, Italy, Kenya, Moldova, New Zealand, Poland, South Africa, UAE, Ukraine, and Vietnam.
The company is ISO 9001: 2015 certified for their Quality Management System. Following are the products of Aristo:
- Herbicides/Weedicides
- Fungicides
- Plant Growth Regulator
- Insecticides
Alongside undertaking manufacturing operations, the company also provide Contract manufacturing, Job work and Toll manufacturing services for Crop Protection companies.
Company Promoters
Mr. Narendra Singh Barhat, Mrs. Kusum Narendra Singh Barhat and Mr. Ketankumar Harkantbhai JoshiIPO Details
| IPO Opening Date | Jan 16, 2023 |
| IPO Closing Date | Jan 19, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹13.05 Cr |
| Fresh Issue | ₹13.05 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.09x | 3.24x | 2.17x | |
| Day 2 | - | - | 3.45x | 15.38x | 9.41x | |
| Day 3 | - | - | 18.62x | 44.14x | 31.38x | |
| Day 4 | - | - | 285.84x | 149.59x | 217.72x |
IPO Tentative Timetable
The Aristo Bio-Tech and Lifescience Limited IPO open date is Jan 16, 2023, and the close date is Jan 19, 2023. The issue may list on Jan 30, 2023.
| IPO Open Date | Jan 16, 2023 |
| IPO Close Date | Jan 19, 2023 |
| Basis of Allotment Date | Jan 24, 2023 |
| Initiation of Refunds | Jan 25, 2023 |
| Credit of Shares to Demat Account | Jan 27, 2023 |
| IPO Listing Date | Jan 30, 2023 |
IPO Lot Size
The Aristo Bio-Tech and Lifescience Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹115200 |
| Maximum | 1 | 1600 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.37% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 8785.12 | 20123.94 | 100.74 |
| 31-Mar-21 | 8141.73 | 16722.96 | 107.57 |
| 31-Mar-22 | 7700.16 | 16603.29 | 146.17 |
| 30-Sep-22 | 10869.14 | 12907.49 | 258.9 |
Objects of the Issue:
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Aristo Bio-Tech and Lifescience Limited IPO Registrar:
Link Intime India Private Ltd
Aristo Bio-Tech and Lifescience Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Aristo Bio-Tech and Lifescience Limited
E-24,25,26, G.I.D.C. Manjusar,
Ta. Savli,
Vadodara – 391775
