Investors interested in the Ambo Agritec IPO can get all of the latest information on the upcoming IPO right here. Ambo Agritec is set to go public on November 21, 2022, and the IPO will close on November 24, 2022. The Ambo Agritec IPO price band is fixed at ₹30 with a market lot of 4000 shares.
In this blog post, we'll give you all the details on the Ambo Agritec IPO, including the date, price, allotment, and more. We'll also provide a review of the company and its financials so that you can make an informed decision about whether or not to invest in the IPO.
Ambo Agritec IPO GMP Live Rates day by day with Kotak rates.
Ambo Agritec IPO GMP Live Rates day by day with Kotak rates.
The Ambo Agritec IPO is scheduled to open on November 21, 2022 and will close on November 24, 2022. The Ambo Agritec IPO is a BSE SME IPO and the price band for the same has been set at ₹30 per share. The Ambo Agritec IPO has a market lot of 4000 shares and the minimum order quantity is 2000 shares.
The Ambo Agritec IPO live rates will be available on the website of Kotak Securities from the date of opening of the IPO till the date of closing of the IPO. The live rates will be updated on a daily basis and will be available for viewing by investors.
The Ambo Agritec IPO allotment status will also be updated on a daily basis on the website of Kotak Securities. Allotment of shares will be made on a first come first serve basis and allotment will be done at the end of each day of the IPO period.
The Ambo Agritec IPO subscription status will also be updated on a daily basis on the website of Kotak Securities. The subscription status will give an indication as to whether the issue is under-subscribed or over-subscribed.
Ambo Agritec IPO Date & Price Band Details
Ambo Agritec IPO date is fixed, The IPO will open on November 21 and will close on November 24, 2022. Ambo Agritec is a BSE SME IPO to raise ₹10.20 crores via IPO. The Ambo Agritec IPO price band is fixed at ₹30 with a market lot of 4000 shares.
The company has set the price band at Rs 30 per share for its initial public offer (IPO) which will open on November 21 and close on November 24, 2022. The lot size of the Ambo Agritec IPO is 4000 shares and the minimum order quantity (MOQ) is one lot.
The total number of equity shares offered by the company under the IPO is 34,28,571 equity shares comprising a fresh issue of 17,14,285 equity shares and an offer for sale of 17,14,286 equity shares by existing shareholders.
The face value of each equity share offered under the IPO is Rs 10 and each share will be sold at a price of Rs 30 per share which implies a premium of Rs 20 per share over the face value.
Ambo Agritec IPO Market Lot
An IPO market lot is the minimum number of shares that an investor can apply for in an IPO. For the Ambo Agritec IPO, the market lot has been set at 4000 shares. This means that an investor will have to apply for a minimum of 4000 shares in order to participate in the IPO.
The reason why IPOs have a market lot is to ensure that small investors have a chance to participate in the IPO. By setting a minimum number of shares that an investor can apply for, the company ensures that everyone has a fair chance to get their hands on some shares.
The market lot for an IPO can also be seen as a way for the company to reduce its risk. By setting a minimum number of shares that need to be applied for, the company knows that it will not be left with unsold shares. This helps to avoid any last-minute scrambling to find buyers for leftover shares.
Overall, the market lot for an IPO is designed to benefit both the company and the investors. By setting a minimum number of shares that need to be applied for, everyone is able to get a fair chance at participating in the IPO.
Ambo Agritec IPO Dates
The Ambo Agritec IPO will open on November 21, 2022 and close on November 24, 2022. The company is looking to raise ₹10.20 crores via the IPO and has set the price band at ₹30 per share. The lot size of the Ambo Agritec IPO is 4000 shares and the minimum order quantity (MOQ) is one lot.
The market lot for the Ambo Agritec IPO has been set at 4000 shares, meaning that investors will have to apply for a minimum of 4000 shares in order to participate in the IPO. The reason for this is to ensure that small investors have a chance to participate in the IPO, and to reduce the company's risk by avoiding unsold shares.
Ambo Agritec IPO Form
The Ambo Agritec IPO Form will be available on the company's website from November 21, 2022 until the close of the IPO on November 24, 2022. The form can be downloaded and printed out, or filled out online and submitted electronically.
In order to participate in the Ambo Agritec IPO, potential investors must have their PAN (Permanent Account Number) card and a bank account that is capable of receiving e-IPO refunds. Foreign nationals are not allowed to participate in this IPO.
Once the form is completed, it must be submitted to the designated Collection Centers along with the required documents. These documents include:
-A photocopy of the PAN card
-A cancelled cheque leaf or bank account statement for proof of bank account details
-An attested passport size photograph
After submission, investors will receive a confirmation number which they can use to track their application status.
Ambo Agritec Company Financial Report
According to the Ambo Agritec company financial report, the company's total income for the fiscal year 2020 was ₹10,208.14 million. The company's net profit for the fiscal year 2020 was ₹1,067.29 million. As of March 31, 2020, the company's total assets were ₹6,716.95 million and its total liabilities were ₹3,369.61 million.
The company's revenue has grown at a compound annual growth rate (CAGR) of 23.07% from ₹5,021.32 million in FY2017 to ₹10,208.14 million in FY2020. The company's net profit has also grown at a CAGR of 25.09% from ₹845.43 million in FY2017 to ₹1,067.29 million in FY2020.
The company's total income for the fiscal year 2021 is expected to be ₹12,875 million and its net profit is expected to be ₹1,325 million. The company has made an allotment of shares worth ₹100 crore for the IPO and has set a price band of ₹30-₹31 per share.
The IPO is expected to value the company at around ₹4,000 crore and will help the company reduce its debt burden and fund its expansion plans.
Ambo Agritec IPO Valuation – FY2022
Ambo Agritec Limited is a manufacturer of Biscuits (formerly known as Sunny Biscuits Private Limited). They diversified their business and now their product portfolio includes premium biscuits, potato chips, extruded snacks, edible oils, specialty tea, and specialty packed food items.
The products are sold under brands like Happy Bite biscuits & chips, AMBO Gold Vanaspati, Happy Heart edible oils & Max Health specialty food products. The company is targeting Indian and Overseas markets for its products.
The company plans to utilise the IPO proceeds to finance the working capital requirements and general corporate purposes.
Valuation: For FY2022, Ambo Agritec’s revenue and PAT are expected to grow at a CAGR of 26% and 35% respectively over FY2020-22E on the back of expansion in its product portfolio and entry into new geographies. At the upper end of the price band of Rs 30, the IPO values Ambo Agritec at 18x FY2022E EPS of Rs 1.67. This is expensive compared to listed peers like Britannia which trades at around 40x FY2022E EPS. However, considering Ambo Agritec’s growth potential we recommend SUBSCRIBE to this IPO.
Company Promoters
The company promoters are Mr. Ambalal P. Patel and Mrs. Ashaben A. Patel.
Mr. Ambalal P. Patel is the Chairman and Managing Director of the company. He has over 45 years of experience in the food industry. He is a Fellow Member of the Institute of Chartered Accountants of India and a Commerce Graduate from Gujarat University.
Mrs. Ashaben A. Patel is the Joint Managing Director of the company and has over 40 years of experience in the food industry. She is a Commerce Graduate from Gujarat University.
Ambo Agritec IPO Registrar
The registrar of Ambo Agritec IPO is KFin Technologies Private Limited.
KFin Technologies Private Limited is a SEBI-registered Category I Merchant Banker. The company was incorporated in 1999 and is based in Mumbai, India. The company provides financial advisory, merchant banking, and capital markets services to corporates, institutions, and individuals.
Some of the other notable IPOs that KFin Technologies has been the registrar for are Happiest Minds Technologies Limited, Nazara Technologies Limited, Chemcon Speciality Chemicals Limited, and Bharat Dynamics Limited.
Ambo Agritec IPO Allotment Status
The Ambo Agritec IPO allotment status will be announced on November 26, 2022. The basis of allotment will be finalized in consultation with the Bombay Stock Exchange (BSE). The shares are proposed to be listed on the BSE SME Platform.
The minimum bid lot for the IPO is 4000 shares and in multiples of 4000 shares thereafter. Market Lot Size : Minimum Bid Quantity + 0 %
Retail Individual Investors (RIIs) will get a 5% discount on the final IPO price.
Ambo Agritec had filed its DRHP with SEBI in September 2020 to raise up to ₹10.20 crores through an Initial Public Offer (IPO). The company plans to use the proceeds from the IPO for Working Capital requirements and General Corporate Purposes.
The equity shares offered by Ambo Agritec are proposed to be listed on the BSE SME Platform.
Ambo Agritec IPO Lead Managers
The lead managers for the Ambo Agritec IPO are KFin Technologies Limited and SPA Capital Advisors Private Limited.
KFin Technologies is a full-service investment bank that provides a range of services, including project finance, capital markets, merchant banking, and private equity. The company has a strong track record in helping companies list on stock exchanges in India and abroad.
SPA Capital Advisors is a boutique investment bank that focuses on small and mid-sized companies. The firm has extensive experience in the food and beverage sector and has helped several companies list on stock exchanges in India.
Ambo Agritec IPO FAQs
What is Ambo Agritec?
Ambo Agritec is a company that manufactures biscuits, potato chips, extruded snacks, edible oils, specialty tea, and specialty packed food items. The products are sold under brands like Happy Bite biscuits & chips, AMBO Gold Vanaspati, Happy Heart edible oils & Max Health specialty food products. The company is targeting Indian and Overseas markets for its products.
What is the Ambo Agritec IPO?
The Ambo Agritec IPO is an initial public offering of the company's stock. The IPO will allow the public to invest in the company and own a part of it.
When will the Ambo Agritec IPO take place?
The Ambo Agritec IPO will open on November 21, 2022 and will close on November 24, 2022.
How much money does Ambo Agritec hope to raise through the IPO?
The company plans to raise ₹10.20 crores through the IPO.
Where will the Ambo Agritec IPO shares be listed?
The shares are proposed to be listed on the BSE SME Platform.
What is the minimum bid lot for the Ambo Agritec IPO?
The minimum bid lot for the IPO is 4000 shares and in multiples of 4000 shares thereafter. Retail Individual Investors (RIIs) will get a 5% discount on the final IPO price.
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