Ambey Laboratories Limited IPO
- IPO Date04 Jul, 2024 to 08 Jul, 2024
- Listing Date11 Jul, 2024
- Face Value₹10 per share
- Issue Price₹65 to ₹68 per share
- Lot Size2000 Shares
- Minimum Investment₹1,36,000
- Listing AtNSE SME
- Total Issue Size65,70,000 Shares
(aggregating up to ₹44.68 Cr) - Fresh Issue62,58,000 Shares
(aggregating up to ₹42.55 Cr)
- Offer for Sale3,12,000 Shares
(aggregating up to ₹2.12 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,86,88,819
- Shareholding post issue2,52,58,819
IPO Dates
Closing Date
08 Jul, 2024
Initiation of Refunds
10 Jul, 2024
Listing Date
11 Jul, 2024
04 Jul, 2024
Opening Date
09 Jul, 2024
Basis of Allotment
10 Jul, 2024
Credit of Shares
Ambey Laboratories Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 2000 | ₹1,36,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 2000 | ₹1,36,000 |
| S-HNI (Min) | 2 | 4 | ₹2,72,000 |
Ambey Laboratories Limited Promoter Holding
The promoters of the company are Archit Gupta, Arpit Gupta, Sarina Gupta and Rishita Gupta.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 94.97% | - |
Ambey Laboratories Limited COMPANY INFORMATION
Ambey Laboratories IPO is a book built issue of Rs 44.68 crores. The issue is a combination of fresh issue of 62.58 lakh shares aggregating to Rs 42.55 crores and offer for sale of 3.12 lakh shares aggregating to Rs 2.12 crores. Ambey Laboratories IPO opens for subscription on July 4, 2024 and closes on July 8, 2024. The allotment for the Ambey Laboratories IPO is expected to be finalized on Tuesday, July 9, 2024. Ambey Laboratories IPO will list on NSE SME with tentative listing date fixed as Thursday, July 11, 2024. Ambey Laboratories IPO price band is set at ₹65 to ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000. Fast Track Finsec Pvt Ltd is the book running lead manager of the Ambey Laboratories IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Ambey Laboratories IPO is Nikunj Stock Brokers. Refer to Ambey Laboratories IPO RHP for detailed information.
Ambey Laboratories, incorporated in 1985, manufactures agrochemical products for crop protection. The company has been serving the agrochemical sector for almost four decades.
The company manufactures and supplies 2,4-D base chemicals.
The company's manufacturing facility in Behror, Rajasthan, is certified with ISO 9001:2015 by the Quality Research Organization and ISO 14001:2015 by the United Accreditation Foundation.
The company currently produces the following products for its customer base, which includes large corporates like Aromatic Rasayan Private Limited, JR Jindal Infraprojects Private Limited, and SC Formulator Co. Ltd:
- 2,4-D Acid 98% TC
- 2,4-D Sodium 95% SP
- 2,4-D Amine 866 | 720 | 480g/l SL
- 2,4-D Ethyl Hexyl Ester 96% TC
- 2,4-D Ethyl Ester 96% TC
- Chlorpyriphos 97%TC / 20%EC / 50%EC
- Thiamethoxam 96%TC / 25%WG / 75%SG
- Pretilachlor 95%TC / 50%EC / 37%EW
- Metribuzin 97%TC / 70%WS
- Hexaconazole 92%TC / 5%SC / 5%EC / 10%EC
- Metalaxyl 98%TC / 35%WS
As of October 31, 2023 the company employs 220 people in various departments.
Ambey Laboratories Limited
Objects of the Issue
The company intends to utilize the net proceeds for the following purposes:
- Working Capital Requirements: ?3,093.20 Lakhs
- General Corporate Purposes
- Issue Related Expenses
These funds are based on internal management estimates and are subject to change based on external circumstances or changes in business strategy??.
Pre-Issue Shareholding of Promoters
- Sarina Gupta: Holds 93.10% pre-issue, expected to hold 68.49% post-issue.
- Rishita Gupta: Holds 1.87% pre-issue, expected to hold 1.40% post-issue.
- Archit Gupta: Nil
- Arpit Gupta: Nil
Total promoter group shareholding is expected to decrease from 94.97% to 69.90% post-issue??.
Financial Summary
- 31st January 2024: Details not specified in the text provided.
- 31st March 2023: Details not specified in the text provided.
- 31st March 2022: Details not specified in the text provided.
For further details, refer to the chapter titled "Capital Structure"??.
Bids by Various Entities
- Systematically Important Non-Banking Financial Companies (NBFCs): Need to submit a certified copy of the certificate of registration issued by RBI and audited financial statements.
- Limited Liability Partnerships (LLPs): Must provide a certified copy of the certificate of registration under the Limited Liability Partnership Act, 2008.
- Insurance Companies: Must attach a certified copy of the certificate of registration issued by IRDA??.
Compliance and Regulations
- The company's bid and application forms need to comply with the respective regulatory requirements, including those set by SEBI, RBI, and IRDAI?.
This summary captures the essential points from the RHP document, including the primary objectives of the issue, shareholding details, and compliance requirements for different types of bidders. For more detailed information, refer to the respective chapters and sections mentioned in the document?
FAQs About Ambey Laboratories Limited Ipo
Ambey Laboratories Limited IPO will open on 04 Jul, 2024 and close on 08 Jul, 2024. Investors must apply within this period to participate.
The Ambey Laboratories Limited IPO price band is set between ₹65.00 and ₹68.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹136000.00.
The Ambey Laboratories Limited IPO shares are expected to be listed on 11 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Ambey Laboratories Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Ambey Laboratories Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.