Date, Price, GMP, Review, and Details of the AMBO Agritec IPO
ABOUT COMPANY:
- Ambo Agritec Limited was founded in 1994 and is situated in Kolkata. The company produces biscuits and contracts out for the production of edible oils, vanaspati, Bengali specialty products, and trades in crude linseed oil and soya bean meal.
- Happy Bites for biscuits, Happy Heart for edible oil, Ambo Gold and Vanaspati 2000 for vanaspati, and Max Health for Bengali specialty items are all brand names under which Ambo Agritec sells its wares.
- Ambo Agritec Ltd. (AAL) is primarily engaged in the business of Manufacturing 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 Crude Linseed Oil, and Soya Bean Meal.
- .It uses raw materials of premium quality sourced from reputed local suppliers for Biscuits and raw materials imported for Edible Oils & Vanaspati, which help it to ensure the quality of products. AAL’s state-of-the-art manufacturing plant for biscuits is situated at Mangalpur Industrial Estate, Raniganj in the state of West Bengal, India.
- 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. As of the date of filing this offer document, it had 92 employees on its payroll. It is operating in a highly competitive and fragmented segment. There are many big players in the said fields.
Company operations can be broken down into three categories:
- Baking Biscuits
- Making Things Like Edible Oil, Vanaspati, and Other Bengali-Style Specialty Items as an Outsourced Service (through a third party)
- Trading of Flaxseed Oil, Soybean Meal, etc.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2113.76 | 7428.14 | 31.99 | 232.44 | 57.68 | 242.56 |
| 31-Mar-21 | 2212.42 | 4717.31 | 19.11 | 251.55 | 76.79 | 381.03 |
| 31-Mar-22 | 2553.75 | 9485.54 | 119.27 | 370.82 | 196.06 | 406.8 |
| 30-Jun-22 | 2629.73 | 1621.39 | 49.58 | 420.4 | 245.64 | 379.01 |
| Amount in ₹ Lakhs | ||||||
Goals of the Debate
The goal of the issue is to:
- To meet the needs for working capital
- To pay for the costs of the issue for General Business Purposes
AMBO Agritec IPO Details
| IPO Date | Nov 21, 2022 to Nov 24, 2022 |
| Listing Date | Friday, December 2, 2022 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Issue Size | 3,400,000 shares of ₹10 (aggregating up to ₹10.20 Cr) |
| Fresh Issue | 3,400,000 shares of ₹10 (aggregating up to ₹10.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50 |
| Retail Shares Offered | 50 |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | Mr. Umesh Kumar Agarwal is the promoter of the company |
IPO tentative schedule for AMBO Agritec
The IPO for AMBO Agritec starts on November 21, 2022, and ends on November 24, 2022. The bid date for the AMBO Agritec IPO is from November 21, 2022 at 10 a.m. to November 24, 2022 at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 21, 2022 |
| Closing Date | Nov 24, 2022 |
| Basis of Allotment | Nov 29, 2022 |
| Initiation of Refunds | Nov 30, 2022 |
| Credit of Shares to Demat | Dec 1, 2022 |
| Listing Date | Dec 2, 2022 |
AMBO Agritec IPO Lot Size
The lot size for the AMBO Agritec IPO is 4000 shares. An ordinary person can apply for up to 1 lot, which is 4000 shares or 120,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
AMBO Agritec IPO Promoter Holding
| Pre Issue Share Holding | 94.96% |
| Post Issue Share Holding | 60.60% |
AMBO Agritec IPO Subscription Status (Bidding Detail)
| Category | Subscription (times) |
|---|---|
| NII | 323.51 |
| Retail | 350.00 |
| Total | 336.75 |
AMBO Agritec IPO Listing Date
| Listing Date | Friday, December 2, 2022 |
| BSE Script Code | 543678 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE0N6V01016 |
| IPO Price | ₹30 per share |
| Face Value | ₹10 per share |
Company Contact Information
3, Pretoria Street, Chandrakunj Building,
2nd Floor, Kolkata – 700071Phone: +91 98310 74747
Email: cs@amboagritec.com
Website: http://www.amboagritec.com/
AMBO Agritec IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
AMBO Agritec IPO FAQs
What is an IPO for AMBO Agritec?
AMBO Agritec’s initial public offering (IPO) is a SME IPO made up of 3,400,000 equity shares with a face value of 10 each, for a total of 10.20 Crores. The price per share is 30 pounds. The minimum number of shares you can order is 4000.
The IPO starts trading on November 21, 2022, and ends on November 24, 2022.
The IPO is being kept track of by Cameo Corporate Services Limited. It is planned to list the shares on BSE SME.
How to apply through Zerodha for the AMBO Agritec IPO?
Customers of Zerodha can apply for the AMBO Agritec IPO online and pay with UPI. Customers of Zerodha can apply for the AMBO Agritec IPO by logging in to their “back office” at Zerodha Console and filling out an IPO application form.
How to apply through Zerodha for the AMBO Agritec IPO
- Log in to Console on the Zerodha website.
- Click the IPOs link on the Portfolio page.
- Click the “Bid” button next to the “AMBO Agritec IPO” row.
- Type in your UPI ID, the amount, and the price.
- “Send in” your IPO application form.
- To approve the mandate, go to the UPI App (net banking or BHIM).
- Go to Review of the Zerodha IPO Application Process for more information.
When will AMBO Agritec go public?
The first day of the AMBO Agritec IPO is November 21, 2022, and it ends on November 24, 2022.
How many lots does AMBO Agritec IPO have?
AMBO Agritec’s initial public offering (IPO) has a lot size of 4,000 shares, and the minimum order is.
How do you sign up for the AMBO Agritec IPO?
You can apply for the AMBO Agritec IPO online, and you can pay with either UPI or ASBA. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
When does AMBO Agritec go public?
The Basis of Allotment for the AMBO Agritec IPO will be finalised on November 29, 2022, and the allotted shares will be added to your demat account by December 1, 2022. Check on the status of the AMBO Agritec IPO allotment.
When does the AMBO Agritec IPO happen?
The date for the AMBO Agritec IPO is Friday, December 2, 2022.
