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 name | AMBO Agritec Ltd |
| Sector | Fast Moving Consumer Goods |
| Industry | Edible Oil |
| Company Website | http://www.amboagritec.com/ |
Objects of the Issue
- To meet the working capital requirements.
- For meeting the Issue Expenses.
- General Corporate Purposes.
Dates to remember
| IPO Opening date | 21 November 2022 |
| IPO Closing | 24 November 2022 |
| Basis of Allotment | 29 November 2022 |
| Initiation Refund | 30 November 2022 |
| Credit to Demat Account | 01 December 2022 |
| Listing Date | 02 December 2022 |
AMBO Agritec IPO Details
| IPO Date | Nov 21, 2022 to Nov 24, 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 |
AMBO Agritec IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
AMBO Agritec Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 73.37 | 47.14 | 94.69 |
| Expenses | 73.99 | 46.88 | 92.92 |
| Net income | 0.32 | 0.19 | 1.19 |
AMBO Agritec Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.92 | 0.55 | 3.41 |
| PE ratio | – | – | 8.80 |
| RONW (%) | 13.76 | 7.60 | 32.16 |
| NAV | – | – | 10.61 |
Company Promoters
- Mr. Umesh Kumar Agarwal
AMBO Agritec IPO Promoter Holding
| Pre Issue Share Holding | 94.96% |
| Post Issue Share Holding | 60.60% |
Lead Manager(s)
- Finshore Management Services Limited
AMBO Agritec IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
Telephone: +91-44-40020700, 28460390
Email: investor@cameoindia.com
AMBO Agritec Contact Details
AMBO AGRITEC LIMITED
3, Pretoria Street,
Chandrakunj Building, 2nd Floor,
Kolkata – 700071, West Bengal
Phone: +91 9831074747
E-mail: cs@amboagritec.com
Website: www.amboagritec.com
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
