December 1, 2022
admin
Ambo Agritec Ltd SME IPO Analysis @ Chanakyanipothi.com,
the Oldest & the most Trusted Investment website in India. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 22 Years
Ambo Agritec Grey Market
on 1 December 2022
GMP Rs. 11,
Kostak: Rs. -,
Subject to: Rs. 37000
Ambo Agritec IPO Subscription Status (closed)
# On 24 November 2022 @ 5.00 pm
NII: 1612000 Shares, 323.51T
RII : 1616000 Shares, 350.00T
Total: 3228000 Shares, 336.75T
Guidance: In the year 2021-22, just prior to the IPO, there is sharp rise in the total income and net profit. If we believe the profits are genuine, then the IPO is reasonably priced. Small returns are expected in the medium term
Ambo Agritec Ltd Company Details
Ambo Agritec Limited is primarily engaged in the business of Manufacturing of Biscuits, outsourced manufacturing of Edible Oils, Vanaspati and Bengali Speciality Products (through third parties). In addition to this, the company is also engaged in trading of Crude Linseed Oil, Soyabean Meal. The Company use raw material of premium quality sourced from reputed local suppliers for Biscuits and raw materials imported for Edible Oils & Vanaspati, which help us to ensure the quality of its products.
Its state-of-the-art manufacturing plant for biscuits is situated at Mangalpur Industrial Estate, Raniganj in the state of West Bengal, India. The manufacturing facility well equipped with machineries and other handling equipment to facilitate smooth manufacturing process.
Its products are marketed under its own 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 manufactures Edible Oils i.e. Refined Rice Bran Oil, Refined Soyabean Oil, Refined Palm Oil, Mustard Oil, Vanaspati etc. on outsourced model through third parties on Job Contract basis. It provide Raw materials to them and procure finished products under its brand name.
The products primarily include premium Biscuits and Cookies under the brand name HAPPY BITE which grabbed a sizeable market share in the small suburban towns of West Bengal. Its products mainly cater to the middle-class consumers across the state. The Company duly obtained FSSAI License from the appropriate authorities which enabled them to build stronger brands in the marketplace.
For more information about the company, Click www.amboagritec.com
| Ambo Agritec Ltd IPO Details | |
| IPO opens on | 21 November 2022 |
| IPO closes on | 24 November 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to 3400000 Shares /Rs 10.20 Crore |
| * Fresh Issue | Rs.10.20 Cr |
| * Offer for Sale | Up to Rs.0 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 30 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 4000 Shares |
| Listing will at | BSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (00 %) | 0 | 0 |
| NII (50 %) | 1612000 | 4.84 |
| RII (50 %) | 1616000 | 4.84 |
| Total Shares | 3228000 | 9.68 |
| Retail portion will be oversubscribed by | 404 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 4000 Shares | Rs. 120000 |
| Max Retail Application | 4000 shares | Rs. 120000 |
Promoters of the IPO
Mr. Umesh Kumar Agarwal
Objects of the IPO:
Funding Working Capital Requirements
| Ambo Agritec Ltd IPO Tentative timetable | |
| IPO opens on | 21 November,2022 |
| IPO Closes on | 24 November,2022 |
| IPO Allotment on | 29 November,2022 |
| Unblocking of ASBA | 30 November,2022 |
| Credit to Demat Accounts | 01 December,2022 |
| Listing on | 02 December,2022 |
| Registered Office of Ambo Agritec Ltd3, Pretoria Street, Chandrakunj Building, 2nd Floor, Kolkata – 700071, West Bengal, India |
|
| Ambo Agritec IPO Lead Managers | |
| Finshore Management Services Ltd. | |
| Registrar to Ambo Agritec IPO | |
| CAMEO CORPORATE SERVICES LIMITED |
| Ambo Agritec Ltd IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. Cr | Rs. Cr | Rs. | % | |
| 2019-20 | 74.28 | 0.32 | 1.83 | 13.76 |
| 2020-21 | 47.17 | 0.19 | 1.09 | 7.60 |
| 2021-22 | 94.85 | 1.19 | 3.41 | 32.16 |
| Book Value of the Share on | 31.03.22 | Rs.10.61 | ||
| Book Value of the Share | after the IPO | Rs.21.19 | ||
| Offer Price | Rs. 30 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 8.8 |
| Upper offer price/Book Value Ratio | 2.82 |
| Upper offer price/BV after IPO Ratio | 1.41 |
Peer Comparison: None of the listed companies in India offer products or services across the various business segments
in which this company operates. Hence a strict comparison is not possible.
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Go to Mainboard IPOs Section: Click
Is it a good ipo to apply for? Please suggest from listing gains point of view.