Select Page

AMBO Agritec Limited IPO Detail

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:

  1. To meet the working capital requirements
  2. To meet the Issue Expenses
  3. General Corporate Purposes

Financial Highlights (Restated)

ParticularsPeriod ended on June 30, 2022FY 2021-22FY 2020-21FY 2019-20
Total Assets2629.732553.752212.422113.76
Net Worth420.4370.82251.55232.44
Revenue from operations1593.559469.344714.157336.84
Profit After Tax49.58119.2719.1131.99
Total Borrowing379.01406.8381.03242.56
(Rs in Lakhs)

RELATED STORIES

Adani Enterprises Share Price Target 2023,2024, 2025 & 2027- Is “Adani Enterprises Ltd” a Good Investment?

In this article, we will discuss about Adani Enterprises share price target till 2022, 2023, 2025 & 2027, in which direction the performance of this flagship company of Adani Group. READ MORE

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 TypeFixed Price Issue IPO
IPO PriceRs 30 per share
Face ValueRs 10 per share
Market Lot4,000 shares
Issue Size34,00,000 shares of Rs 10 (Aggregating up to Rs 10.20 Crore)
Fresh Issue34,00,000 shares of Rs 10 (Aggregating up to Rs 10.20 Crore)
NII (HNI) Shares Offered50%
Retail Shares Offered50%
Listing AtBSE SME
PromotersMr. Umesh Kumar Agarwal

Important Date – AMBO Agritec Limited IPO

IPO Opening onNov 21, 2022
IPO Closing onNov 24, 2022
Basis of Allotment Publication DateNov 29, 2022
Initiation of RefundNov 30, 2022
Credit of the Shares to Demat AccountDec 1, 2022
IPO listingDec 2, 2022

Lot Size – AMBO Agritec Limited IPO

ApplicationsLotsSharesAmount
Retail (Min)14,000Rs 1,20,000
Retail (Max)14,000Rs 1,20,000

ALSO READ

What is Demat Account: Meaning, Types & Benefits

Demat Account like a bank saving account. In bank saving account we kept our money. A Demat Account does the same for investors. Demat Account is an account that is used to hold shares and securities in electronic format. READ MORE

Promoter Holding – AMBO Agritec Limited IPO

Pre issue share holding94.96%
Post issue share holding60.60%

SWOT Analysis – AMBO Agritec IPO

STRENGTH

  1. Organizational stability along with management expertise.
  2. Smooth flow of operations.
  3. Well-defined organizational structure.
  4. Existing supplier relations.
  5. Wide range of products.

WEAKNESS

  1. Insufficient market reach
  2. Company operations consists only on one state (West Bengal).
  3. 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

  1. Increased Competition from Big Players.
  2. Natural calamity impact such as flood, drought
  3. Change in Government Policies.
  4. No entry Barriers

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationAMBO Agritec Ltd
3, Pretoria Street, Chandrakunj Building,
2nd Floor, Kolkata – 700071
Phone: +91 98310 74747
Email: [email protected]
Website: http://www.amboagritec.com/
IPO RegistrarCameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Manager(s)Finshore Management Services Limited

FAQ’s

One lot of AMBO Agritec IPO contains 4,000 shares.

The minimum investment size is one lot for retail investors.

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.

The AMBO Agritec IPO shares listing date is December 2, 2022.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT