January 30, 2023
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Aristo Bio-tech & Lifescience IPO Analysis at Chanakyanipothi.com
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Aristo Bio-tech IPO Listing: The scrip listed at Rs. 80 on 30 January 2023 as against the issue price of Rs 72. The listing seems to be affected by the nervousness of the market today.
Aristo Bio-tech IPO Subscription Status
# On 19 January 2022 @ 5.00 am (Day 4)
NII: 860800 Shares, 285.83T
RII: 860800 Shares, 149.30T
Total: 1721600 Shares 217.57T
Aristo Bio-tech & Lifescience IPO Grey Market updates
Observations: (?)
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Aristo Bio-tech & Lifescience IPO Guidance:
Compared to peer companies, the IPO is priced somewhat on higher side, yet it has strong profitability and huge oversubscription cannot be ruled out. Can Apply with the expectation of decent listing gains.
Aristo Bio-tech & Lifescience: Company Details
The Company is an agrochemical company engaged in the manufacturing, formulation, supplying, packaging and job work services in various Pesticides such as Insecticides, Herbicides, Fungicides, Plant Growth Regulators and a wide variety of other Agrochemicals for India as well as for Export. Agrochemical industries are very vast field and deals with production and distribution of pesticides and fertilizers to increase the crop yields. Agrochemicals (Crop protection products/pesticides) are
designed to protect crops from insects, diseases and weeds. Currently the company has 158 products registered with CIB&RC for manufacturing and sales. In Addition, the company has applied for registration of 4 products with CIB&RC which are pending at various stages. Company is currently manufacturing and selling its products across 20 states in India and 15 countries.
Its state-of-the-art Agrochemical and Pesticide Formulation & Packaging Unit of the company is
situated at E-24, 25, 26, G.I.D.C Estate, Manjusar, Taluka Savli, Vadodara, Gujarat – 391775, India having latest Quality Control, Manufacturing and Packaging Machinery and Equipments. The Company is an ISO 9001: 2015 certified company for Quality Management System which confirms to the requirements of the quality standard for manufacturing of agrochemicals and pesticides and SMERA SME 3 for good credit worthiness. Its diversified product portfolio can be classified as Herbicides Weedicides, Fungicides, Plant Growth Regulator and Insecticides.
Agrochemicals are an important agricultural support and boosts to it, while preventing, reducing and eliminating the impact of disease to increase food output and safety. The Company has expanded its operations beyond the borders of its state of inception to Punjab and Uttar Pradesh.
Besides manufacturing its own products, the company also provide Contract manufacturing, Job work and Toll manufacturing services for Crop Protection companies.
For more information about the company, Click www.aristobiotech.com
| Aristo Bio-tech IPO Details | |
| IPO opens on | 16 January 2023 |
| IPO closes on | 19 January 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1812800 Sh /Rs 13.05 Cr |
| * Fresh Issue | 1812800 Sh /Rs 13.05 Cr |
| * Offer for Sale | – Shares /Rs (?)Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.72 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | – | – |
| NII (50 %) | 860800 | 6.20 |
| RII (50 %) | 860800 | 6.20 |
| Total Shares | 1721600 | 12.40 |
| Retail portion will be oversubscribed by | 538 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1600 Sh | Rs. 115200 |
| Max Retail Application | 3200 Sh | Rs. 230400 |
Promoters of the IPO
MR. NARENDRA SINGH BARHAT, MRS. KUSUM NARENDRA SINGH BARHAT AND MR. KETANKUMAR HARKANTBHAI JOSHI.
Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds for funding working capital requirements.
| Aristo Bio-tech IPO Tentative timetable | |
| IPO opens on | 16 January 2023 |
| IPO Closes on | 19 January 2023 |
| IPO Allotment on | 24 January 2023 |
| Unblocking of ASBA | 25 January 2023 |
| Credit of Shares | 27 January 2023 |
| Listing on | 30 January 2023 |
| Registered Office of Aristo Bio-tech |
| E-24, 25, 26, G.I.D.C., Manjusar, Ta. Savli, Vadodara – 391775, Gujarat, India |
| IPO Lead Managers |
| BEELINE CAPITAL ADVISORS Pvt Ltd |
| Registrar to the IPO |
| Link Intime India Pvt Ltd. |
| Aristo Bio-tech IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 201.94 | 1.00 | 2.02 | 8.19 |
| 2020-21 | 167.23 | 1.08 | 2.15 | 8.04 |
| 2021-22 | 166.03 | 1.46 | 2.93 | 10.0 |
| Book Value of the Share on | 31.03.2022 | Rs.29.71 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. 72 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 24.57 |
| Upper price/BV Ratio | 2.42 |
| Upper price/BV after IPO | |
Aristo Bio-tech IPO Peer Comparison:
| As on date of RHP | PE |
| Ratio of | |
| The IPO Company | 24.57 |
| Dhanuka Agritech | 16.07 |
| Meghmani Organics | 10.28 |
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