Ambey Laboratories is engaged in the business of manufacturing agrochemical products to protect crops and it’s been almost four decades since the company served the agrochemical sector. The Company is a manufacturer and supplier of “2, 4-D base chemicals” with the highest quality practice and compliant with the chemical industry's Highest Environmental, Health and Safety. The company has a Programmable Logic Controller and Supervisory Control along with a Quality Assurance Department that ensures testing through HPLC, GC, UV, etc. Ambey Laboratories IPO is a book-built issue of Rs 46.68 crores.
The issue is a fresh issue of 65.52 lakh shares aggregating to Rs 44.55 crores and an offer for sale of 3.12 lakh shares aggregating to Rs 2.12 crores. Ambey Laboratories IPO opens for subscription on July 4, 2024 and closes on July 8, 2024. The allotment for the Ambey Laboratories IPO is expected to be finalized on Tuesday, July 9, 2024. Ambey Laboratories IPO price band is set at â¹65 to â¹68 per share. The minimum lot size for an application is 2000 Shares. Fast Track Finsec Pvt Ltd is the book-running lead manager of the Ambey Laboratories IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Ambey Laboratories IPO is Nikunj Stock Brokers.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price
and the grey market price. It is the premium amount paid for the traded
IPO shares. It plays an important role in IPOs as it reflects how the
IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being
listed officially on the stock exchange.
Ambey Laboratories Limited IPO
GMP Date
IPO Price
GMP
Last Updated
-
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-
-
**The GMP prices displayed here are solely for informational
purposes related to the grey market news. India IPO does not engage
in or facilitate grey market trading, nor are these rates (sub2)
indicative of any trading activity. We also do not recommend or
endorse participation in the grey market.**
Ambey Laboratories Limited IPO Details
Detail
Description
IPO Date
July 3, 2024 to July 5, 2024
Listing Date
[.]
Face Value
₹10 per share
Price Band
₹65 to ₹68 per share
Lot Size
2000 Shares
Total Issue Size
6,864,000 shares (aggregating up to ₹46.68 Cr)
Fresh Issue
6,552,000 shares (aggregating up to ₹44.55 Cr)
Offer for Sale
312,000 shares of ₹10 (aggregating up to ₹2.12 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Shareholding pre issue
18,688,819
Shareholding post issue
25,240,819
Market Maker portion
312,000 shares Nikunj Stock Brokers
Ambey Laboratories Limited IPO Timeline
Detail
Description
IPO Open Date
Thursday, July 4, 2024
IPO Close Date
Monday, July 8, 2024
Basis of Allotment
Tuesday, July 9, 2024
Initiation of Refunds
Wednesday, July 10, 2024
Credit of Shares to Demat
Wednesday, July 10, 2024
Listing Date
Thursday, July 11, 2024
Cut-off time for UPI mandate confirmation
5 PM on July 8, 2024
Ambey Laboratories Limited IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
2000
₹136,000
Retail (Max)
1
2000
₹136,000
HNI (Min)
2
4,000
₹272,000
Ambey Laboratories IPO Reservation
Investor Category
Shares Offered
QIB Shares Offered
Not more than 50% of the Net Issue
Retail Shares Offered
Not less than 35% of the Net Issue
NII (HNI) Shares Offered
Not less than 15% of the Net Issue
Ambey Laboratories Limited IPO Promoter Holding
Share Holding Pre Issue
Share Holding Post Issue
94.97%
69.90%
Ambey Laboratories IPO Anchor Investors Details
Bid Date
July 3, 2024
Shares Offered
1,872,000
Anchor Portion Size (In Cr.)
12.73
Anchor lock-in period end date for 50% shares (30 Days)
August 8, 2024
Anchor lock-in period end date for remaining shares (90 Days)
October 7, 2024
Competitive Strength:
-
Ambey Laboratories Limited IPO Financial Information
Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Total Borrowing
31 Jan 2024
8,620.84
10,043.69
607.73
3,431.34
2,005.44
31 Mar 2023
5,761.85
10,743.47
456.93
2,363.60
1,365.22
31 Mar 2022
5,592.94
8,511.19
357.47
1,906.67
1,804.86
31 Mar 2021
4,461.80
8,241.54
1,033.67
-786.39
3,292.98
Amount in ₹
Crore
Key Performance Indicator
KPI
Values
ROE
20.80%
ROCE
13.14%
Debt/Equity
0.58
RoNW
20.80%
P/BV
3.58
PAT Margin (%)
6.01
Pre IPO
Post IPO
EPS (Rs)
2.44
2.89
P/E (x)
27.81
23.54
Objectives of Ambey Laboratories IPO
The company intends to utilize the Net Proceeds for the following objectives:
â To meet Working Capital Requirements
â General corporate purposes
â Issue related expenses
Ambey Laboratories IPO Review
The company is operating in a highly competitive and fragmented segment of agrochemicals. It has posted inconsistency in its bottom lines for the reported periods. There is some garble in the offer documents on financial data. Based on FY24 annualized super earnings, the issue appears aggressively priced, discounting all near-term positives. There is no harm in skipping this âHigh Risk/Low Returnâ bet.
Ambey Laboratories IPO is an NSE SME IPO. They are going to raise ₹46.68 Crores via IPO. The issue is priced at ₹65 to ₹68 per equity share. The IPO is to be listed on NSE.
When will Ambey Laboratories IPO open?
The IPO is to open on July 4, 2024 for QIB, NII, and Retail Investors.
What is Ambey Laboratories IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Ambey Laboratories IPO Size?
Ambey Laboratories IPO size is ₹46.68 crores.
What is Ambey Laboratories IPO Price Band?
Ambey Laboratories IPO Price Band is ₹65 to ₹68 per equity share.
What is Ambey Laboratories IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 shares with ₹136,000.
What is Ambey Laboratories IPO Allotment Date?
Ambey Laboratories IPO allotment date is July 9, 2024.
