AMBO Agritec Limited IPO Detail
AMBO Agritec IPO open on November 21, 2022. According to the DRHP filed by the company with SEBI, IPO containing fresh issue 34,00,000 shares of Rs 10 each aggregating up to worth Rs 10.20 crores.
Constituted in 1994. The main activities of Ambo Agritec Limited are the production of biscuits and the outsourcing of the production of edible oils, vanaspati, and Bengali specialty goods (through third parties). The company also trades soyabean meal and crude linseed oil in addition to these commodities.
The AMBO Agritec manufacturing facility is located in the West Bengal region of India’s Mangalpur Industrial Estate near Raniganj.
Company activities includes;
- Manufacturing of Biscuits
- Outsourced Manufacturing of Edible Oil, Vanaspati, Bengali Speciality Products, etc. (through a third party)
- Trading of Crude Linseed Oil, Soyabean Meal, etc.
To assist ensure the quality of its products, the company employs premium raw materials for biscuits from well-known local vendors and foreign raw materials for edible oils and vanaspati.
Their goods are sold under the labels “Happy Bites” for biscuits, “Happy Heart” for edible oil, “Ambo Gold” and “Vanaspati 2000” for Vanaspati, and “Max Health” for items with a distinct Bengali flavour.
Objects of the Issue
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
Financial Highlights (Restated)
| Particulars | Period ended on June 30, 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Total Assets | 2629.73 | 2553.75 | 2212.42 | 2113.76 |
| Net Worth | 420.4 | 370.82 | 251.55 | 232.44 |
| Revenue from operations | 1593.55 | 9469.34 | 4714.15 | 7336.84 |
| Profit After Tax | 49.58 | 119.27 | 19.11 | 31.99 |
| Total Borrowing | 379.01 | 406.8 | 381.03 | 242.56 |
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AMBO Agritec Limited IPO – Details
According to the DRHP filed by the company with SEBI, IPO containing fresh issue 34,00,000 shares of Rs 10 each aggregating up to worth Rs 10.20 crores.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | Rs 30 per share |
| Face Value | Rs 10 per share |
| Market Lot | 4,000 shares |
| Issue Size | 34,00,000 shares of Rs 10 (Aggregating up to Rs 10.20 Crore) |
| Fresh Issue | 34,00,000 shares of Rs 10 (Aggregating up to Rs 10.20 Crore) |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
| Listing At | BSE SME |
| Promoters | Mr. Umesh Kumar Agarwal |
Important Date – AMBO Agritec Limited IPO
| IPO Opening on | Nov 21, 2022 |
| IPO Closing on | Nov 24, 2022 |
| Basis of Allotment Publication Date | Nov 29, 2022 |
| Initiation of Refund | Nov 30, 2022 |
| Credit of the Shares to Demat Account | Dec 1, 2022 |
| IPO listing | Dec 2, 2022 |
Lot Size – AMBO Agritec Limited IPO
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | Rs 1,20,000 |
| Retail (Max) | 1 | 4,000 | Rs 1,20,000 |
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Promoter Holding – AMBO Agritec Limited IPO
| Pre issue share holding | 94.96% |
| Post issue share holding | 60.60% |
SWOT Analysis – AMBO Agritec IPO
STRENGTH
- Organizational stability along with management expertise.
- Smooth flow of operations.
- Well-defined organizational structure.
- Existing supplier relations.
- Wide range of products.
WEAKNESS
- Insufficient market reach
- Company operations consists only on one state (West Bengal).
- Heavy dependence on raw material suppliers
OPPORTUNITY
- Potential to provide other value-added products.
- Expanding new geographical area
- Opportunities in untapped Indian and overseas Market
- Government thrust on horticulture and food processing will boost demand for packaging materials
THREAT
- Increased Competition from Big Players.
- Natural calamity impact such as flood, drought
- Change in Government Policies.
- No entry Barriers
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | AMBO Agritec Ltd 3, Pretoria Street, Chandrakunj Building, 2nd Floor, Kolkata – 700071 Phone: +91 98310 74747 Email: cs@amboagritec.com Website: http://www.amboagritec.com/ |
| IPO Registrar | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://ipo.cameoindia.com/ |
| IPO Lead Manager(s) | Finshore Management Services Limited |
FAQ’s
What will be AMBO Agritec IPO lot size?
One lot of AMBO Agritec IPO contains 4,000 shares.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will AMBO Agritec IPO allotment is available?
The finalization of Basis of Allotment for AMBO Agritec IPO will be done on Nov 29, 2022, and the allotted shares will be credited to your demat account by Dec 1, 2022. Check the AMBO Agritec IPO allotment status.
When will AMBO Agritec IPO list on exchanges?
The AMBO Agritec IPO shares listing date is December 2, 2022.
