AMBO Agritec IPO

AMBO Agritec IPO

AMBO Agritec IPO will open for subscription from 21 November 2022. the company aims for an issue size of ₹10.20 Cr through this IPO.

AMBO Agritec Ltd

The company 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 Soyabean Meal. Its manufacturing plant for biscuits is situated at Mangalpur Industrial Estate, Raniganj in the state of West Bengal, India. The company’s manufacturing facility is well-equipped with machinery and other handling equipment to facilitate a smooth manufacturing process.

AMBO Agritec 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 has been certified by the Food Safety and Standards Authority of India (FSSAI) for quality management systems. The promoter of the company, Mr. Umesh Kumar Agarwal, has sound industry knowledge and experience which enables the company to carry the business in an efficient manner.

Basic details about the company

Full nameAMBO Agritec Ltd
SectorFast Moving Consumer Goods
IndustryEdible Oil
Company Website

Objects of the Issue

  • To meet the working capital requirements.
  • For meeting the Issue Expenses.
  • General Corporate Purposes.

Dates to remember

IPO Opening date21 November 2022
IPO Closing24 November 2022
Basis of Allotment29 November 2022
Initiation Refund30 November 2022
Credit to Demat Account01 December 2022
Listing Date02 December 2022

AMBO Agritec IPO Details

IPO DateNov 21, 2022 to Nov 24, 2022
Face Value₹10 per share
Price₹30 per share
Lot Size4000 Shares
Issue Size3,400,000 shares of ₹10
(aggregating up to ₹10.20 Cr)
Fresh Issue3,400,000 shares of ₹10
(aggregating up to ₹10.20 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

AMBO Agritec IPO Lot Size

Retail (Min)14000₹120,000
Retail (Max)14000₹120,000

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

AMBO Agritec Financial Performance

 FY 2020FY 2021FY 2022
Net income0.320.191.19
(Figures are in ₹Crore)

AMBO Agritec Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio8.80
RONW (%)13.767.6032.16

Company Promoters

  • Mr. Umesh Kumar Agarwal

AMBO Agritec IPO Promoter Holding

Pre Issue Share Holding94.96%
Post Issue Share Holding60.60%

Lead Manager(s)

  • Finshore Management Services Limited

AMBO Agritec IPO Registrar

“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
Telephone: +91-44-40020700, 28460390

AMBO Agritec Contact Details

3, Pretoria Street,
Chandrakunj Building, 2nd Floor,
Kolkata – 700071, West Bengal
Phone: +91 9831074747

AMBO Agritec IPO Allotment Status

AMBO Agritec IPO allotment status will be available on Cameo Corporate Services’ website.

Click on this link to get allotment status.

Final thoughts

AMBO Agritec IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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