Aristo Bio-Tech and Lifescience IPO will open for subscription from 16 January 2023. the company aims for an issue size of ₹13.05 Cr through this IPO.
About Company
The company is 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. Currently, the company has 182 products registered with CIB&RC for manufacturing and sales.
Aristo Biotech supplies its products across 20 states i.e. Assam, Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttarakhand, Uttar Pradesh, West Bengal, and 15 Countries i.e. Armenia, Australia, Bangladesh, Belgium, Cambodia, Germany, Italy, Kenya, Moldova, New Zealand, Poland, South Africa, UAE, Ukraine, and Vietnam.
The company has expanded its operations beyond the borders of its state of inception to Punjab and Uttar Pradesh. Besides manufacturing its own products, it also provides contract manufacturing, job work, and toll manufacturing services for Crop Protection companies.
Basic details about the company
| Full name | Aristo Bio-Tech and Lifescience Limited |
| Sector | Chemicals |
| Industry | Pesticides & Agrochemicals |
| Company Website | https://www.aristobiotech.com/ |
The objective of the Issue
- For meeting working capital requirements.
- To Meet the Issue Expenses.
- General Corporate Purpose.
IPO Timetable
| IPO Opening date | 16 January 2023 |
| IPO Closing | 19 January 2023 |
| Basis of Allotment | 24 January 2023 |
| Initiation Refund | 25 January 2023 |
| Credit to Demat Account | 27 January 2023 |
| Listing Date | 30 January 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹13.05 Cr – 1,812,800 shares |
| Fresh Issue | ₹13.05 Cr – 1,812,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹72 per share |
| Lot size | 1600 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹115,200 |
| Retail (Max) | 1 | 1600 | ₹115,200 |
| HNI (Min) | 2 | 3,200 | ₹230,400 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 235.50 | 196.06 | 191.17 | 151.56 |
| Expenses | 199.84 | 165.73 | 163.99 | 125.47 |
| Net income | 1.0 | 1.07 | 1.46 | 2.59 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.02 | 2.15 | 2.93 |
| PE ratio | – | – | 24.57 |
| RONW (%) | 8.19 | 8.04 | 10.00 |
| NAV | 24.63 | 26.79 | 29.71 |
Company Promoters
- Mr. Narendra Singh Barhat
- Mrs. Kusum Narendra Singh Barhat
- Mr. Ketankumar Harkantbhai Joshi
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.37% |
Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: +91-022-49186200
Email: aristobio.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
ARISTO BIO-TECH AND LIFESCIENCE LIMITED
E-24,25,26, G.I.D.C. Manjusar, Ta. Savli,
Vadodara – 391775, Gujarat, India
Phone: +91-2667-264843
E-mail: cs@aristobiotech.com
Website: www.aristobiotech.com
Allotment Status
Aristo Bio-Tech IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Aristo Bio-Tech and Lifescience 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
