AMBO Agritec was incorporated on September 7, 1994, as Sunny Biscuits Bakery and Confectionery Private Limited. It is primarily engaged in the business of manufacturing biscuits and outsourced manufacturing of edible oils, vanaspati and Bengali speciality products. In addition to this, the company is also engaged in trading crude linseed oil and soybean meal.
| Bidding Dates |
|---|
| 21 Nov 2022 - 24 Nov 2022 |
| Subscription |
|---|
| 336.75x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 4000 | 3.4 M | ₹30 | 63.81 % | ₹102.0 M | RHP DOC |
Ambo Agritec IPO SUBSCRIPTION STATUS
24 Nov '22Ambo Agritec IPO overall subscription rate was 336.75 times the total available shares
Ambo Agritec IPO retail subscription rate was 350 times in the retail segment
Ambo Agritec IPO non-institutional investor subscription rate was 323.51 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Nov 2022 (Day 4) | 350x | 323.51x | - |
23 Nov 2022 (Day 3) | 78.17x | 21.14x | - |
22 Nov 2022 (Day 2) | 19.46x | 4.93x | - |
21 Nov 2022 (Day 1) | 4.32x | 1.33x | - |
Ambo Agritec FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY23 | 5.0 | 159.4 | -29.3 | -29.3 | 5.7% |
| FY22 | 11.9 | 946.9 | 7.9 | 7.6 | 3.0% |
| FY21 | 1.9 | 471.4 | -5.1 | -5.6 | 2.9% |
| FY20 | 3.2 | 733.7 | 13.5 | 11.6 | 1.7% |
Ambo Agritec IPO SUBSCRIPTION STATUS DETAILS
Ambo Agritec had 3.4 M shares on offer
Ambo Agritec IPO offer price was ₹30
Ambo Agritec IPO minimum Investment was ₹120000
Ambo Agritec IPO issue size was ₹ 102.0 M
Ambo Agritec had a minimum lot size of 4000 Shares per application
Ambo Agritec NUMBER OF SHARES ON OFFER
Ambo Agritec IPO IMPORTANT DATES
| Issue Open Date | 21 Nov 2022 |
| Issue close Date | 24 Nov 2022 |
| Allotment Date | 29 Nov 2022 |
| Refund Date | 30 Nov 2022 |
| Demat Account Credit Date | 01 Dec 2022 |
| Listing Date | 02 Dec 2022 |
| Listing on Exchange(s) | BSE |
| Ambo Agritec Allotment Status | Exchange |
Ambo Agritec IPO subscription opened on 21 Nov 2022, and closed on 24 Nov 2022
IPO allotment for Ambo Agritec was finalized on Tuesday, 29 Nov 2022
IPO listing for Ambo Agritec was on BSE on Friday, 02 Dec 2022
Ambo Agritec IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 40.1 |
| Listing Close Price | 42.1 |
| Listing Gain% | 33.7% |
| Current Gain% | -61.7% |
Ambo Agritec Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ambo Agritec Ltd. | 11.5 | 10.8 | 41.8 | -0.5 | 0.1 | 1 | 0.6 | 130.5 | 7.2 | 0.5 | -56.2 | 0.3 | -79 |
| Patanjali Foods Ltd. | 356 | 38731.2 | 21.3 | 0.5 | 1 | 13.8 | 9.6 | 40347.8 | 17.7 | 1814.5 | 39.5 | 16.7 | 39.5 |
| AWL Agri Business Ltd. | 193.6 | 25159.2 | 21.8 | 32.9 | 0.3 | 10 | 4.2 | 75148.5 | 17.6 | 1042 | -14.9 | 8.9 | 0.7 |
| Gokul Agro Resources Ltd. | 226.9 | 6696.4 | 15.9 | 0.3 | 0.3 | 26 | 7.5 | 24116.7 | 23.1 | 369.4 | 50.4 | 14.3 | 59.2 |
| CIAN Agro Industries & Infrastructure Ltd. | 1448.8 | 4054.6 | 18 | 0 | 1.8 | 10.3 | 5.2 | 2279 | 116.3 | 222.7 | 441 | 80.3 | 445.8 |
| Sundrop Brands Ltd. | 667.4 | 2516.1 | 90 | 0.7 | 1.6 | 1.4 | 1.1 | 1552.2 | 72.2 | 20.1 | 118.3 | 7.4 | 126.4 |
Ambo Agritec INFORMATION ON IPO ISSUE
About Ambo Agritec
AMBO Agritec was incorporated on September 7, 1994, as Sunny Biscuits Bakery and Confectionery Private Limited. It is primarily engaged in the business of manufacturing biscuits and outsourced manufacturing of edible oils, vanaspati and Bengali speciality products. In addition to this, the company is also engaged in trading crude linseed oil and soybean meal.
Object of the Issue
- To meet the working capital requirements
- To meet the issue expenses
- General corporate purposes
Ambo Agritec - PROMOTERS
| Name |
|---|
| Umesh Kumar Agarwal |
Ambo Agritec Lead Manager of the Issue
Finshore Management Services Limited
info@finshoregroup.com
Ambo Agritec Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Ambo Agritec Strengths
Organisational stability
The company has an established track record of 25+ years, which indicates the company’s ability to weather economic and business cycles. The promoters also have over 12 years of experience in diverse industries
Smooth flow of operations
The company has maintained good relationships with major customers and is successful in building a strong client base
Well-defined organisational structure
The company is managed by a team of competent personnel with knowledge of core aspects of the business. Its senior management has pioneered growth and fostered a culture of innovation, entrepreneurship and teamwork within the organisation
Wide range of products
The company provides a broad range of products to customers, which increases the scope of its ability to cater to a diversified clientele
Ambo Agritec Risks
Legal proceedings
The company, promoter group and group entities are parties to certain legal proceedings and any adverse decision in such proceedings may have a material adverse effect on the business, result of operations and financial conditions
Contingent liabilities
There are contingent liabilities of the company which may result in financial iniquities in the company
Dependent on few customers
A certain amount of revenue is generated from certain key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects or a reduction in their demand for products could adversely affect business, results of operations, financial condition and cash flow
IPO FAQs
The promoter of the company is Umesh Kumar Agarwal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 30.0 - 30.0.
The IPO application opens on Nov 21, 2022 and closes on Nov 24, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Nov 29, 2022.
The refund will be credited to your account on Nov 30, 2022.
The allotted shares will be credited to your demat on Dec 01, 2022.
AMBO Agritec Ltd.’s shares listed on the stock exchanges on Dec 02, 2022.