Aristo Bio-Tech and Lifescience was incorporated on March 17, 2005. It is an agrochemical company engaged in manufacturing, formulating, supplying and packaging various pesticides such as insecticides, herbicides, fungicides, plant growth regulators and a variety of other agrochemicals for India and for export.
| Bidding Dates |
|---|
| 16 Jan 2023 - 19 Jan 2023 |
| Subscription |
|---|
| 217.67x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,15,200 | 1 | 1 | 1600 | 1.8 M | ₹72 | 73.37 % | ₹130.5 M | RHP DOC |
Aristo Bio-Tech IPO SUBSCRIPTION STATUS
19 Jan '23Aristo Bio-Tech IPO overall subscription rate was 217.67 times the total available shares
Aristo Bio-Tech IPO retail subscription rate was 149.51 times in the retail segment
Aristo Bio-Tech IPO non-institutional investor subscription rate was 285.84 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Jan 2023 (Day 4) | 149.51x | 285.84x | - |
18 Jan 2023 (Day 3) | 44.14x | 18.62x | - |
17 Jan 2023 (Day 2) | 15.38x | 3.45x | - |
16 Jan 2023 (Day 1) | 3.24x | 1.09x | - |
Aristo Bio-Tech 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) |
| H1FY23 | 25.9 | 1,515.6 | 27.9 | 5.5 |
| FY22 | 14.6 | 1,911.7 | 68.2 | 35.8 |
| FY21 | 10.8 | 1,960.6 | 22.8 | 8.5 |
| FY20 | 10.1 | 2,355.0 | 14.1 | 5.4 |
Aristo Bio-Tech IPO SUBSCRIPTION STATUS DETAILS
Aristo Bio-Tech had 1.8 M shares on offer
Aristo Bio-Tech IPO offer price was ₹72
Aristo Bio-Tech IPO minimum Investment was ₹115200
Aristo Bio-Tech IPO issue size was ₹ 130.5 M
Aristo Bio-Tech had a minimum lot size of 1600 Shares per application
Aristo Bio-Tech NUMBER OF SHARES ON OFFER
Aristo Bio-Tech IPO IMPORTANT DATES
| Issue Open Date | 16 Jan 2023 |
| Issue close Date | 19 Jan 2023 |
| Allotment Date | 24 Jan 2023 |
| Refund Date | 25 Jan 2023 |
| Demat Account Credit Date | 26 Jan 2023 |
| Listing Date | 30 Jan 2023 |
| Listing on Exchange(s) | NSE |
| Aristo Bio-Tech Allotment Status | Exchange |
Aristo Bio-Tech IPO subscription opened on 16 Jan 2023, and closed on 19 Jan 2023
IPO allotment for Aristo Bio-Tech was finalized on Tuesday, 24 Jan 2023
IPO listing for Aristo Bio-Tech was on NSE on Monday, 30 Jan 2023
Aristo Bio-Tech IPO LISTING GAINS
| Issue Price (adjusted) | 72.0 |
| Listing Open Price | 80.0 |
| Listing Close Price | 84.0 |
| Listing Gain% | 11.1% |
| Current Gain% | 51.8% |
Aristo Bio-Tech 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aristo Bio-Tech and Lifescience Ltd. | 109.3 | 74.4 | 10.4 | 0.1 | 0.2 | 16.1 | 4.6 | 364.2 | 14.3 | 7.2 | 76.8 | 10.6 | 76.8 |
| UPL Ltd. | 573 | 48370.9 | 25.1 | 0.4 | 0.9 | 5.5 | 2 | 52502 | 11.4 | 1922 | 114.3 | 22.8 | 61.5 |
| PI Industries Ltd. | 2774.6 | 42095.7 | 31.9 | -1.6 | 6.3 | 11.8 | 9.8 | 7024.4 | -15.6 | 1320.8 | -20.4 | 87.1 | -20.4 |
| Sumitomo Chemical India Ltd. | 533 | 26602 | 45.9 | 11.5 | 8.2 | 16 | 12.1 | 3385 | 3.6 | 543 | 7.4 | 11.6 | 4 |
| Bayer Cropscience Ltd. | 4177.2 | 18773.2 | 25.6 | 1.1 | 3.4 | 23.2 | 12.1 | 5770 | 3.2 | 689.2 | 21.3 | 162.9 | 23.6 |
| Sharda Cropchem Ltd. | 814 | 7344.4 | 11.7 | 0.2 | 1.4 | 21.7 | 11.8 | 5409.8 | 23.5 | 680.9 | 123.7 | 69.4 | 49.1 |
Aristo Bio-Tech INFORMATION ON IPO ISSUE
About Aristo Bio-Tech
Aristo Bio-Tech and Lifescience was incorporated on March 17, 2005. It is an agrochemical company engaged in manufacturing, formulating, supplying and packaging various pesticides such as insecticides, herbicides, fungicides, plant growth regulators and a variety of other agrochemicals for India and for export.
Object of the Issue
- To meet working capital requirement
- General corporate purpose
- To meet the issue expenses
Aristo Bio-Tech - PROMOTERS
| Name |
|---|
| Narendra Singh Barhat |
| Kusum Narendra Singh Barhat |
| Ketankumar Harkantbhai Joshi |
Aristo Bio-Tech Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Aristo Bio-Tech Registrar to the Issue
Link Intime India Private Limited
aristobio.ipo@linkintime.co.in
Aristo Bio-Tech Strengths
Experienced management
The management and employees combine expertise and experience to outline plans for the company's future development. The promoters have significant industry experience and have been instrumental in the consistent growth of the company
Quality assurance
The company is ISO 9001: 2015 certified for a quality management system which conforms to the quality standards for manufacturing agrochemicals and pesticides, and assigned SMERA SME 3 for good creditworthiness
Innovative ideas
The company is focusing on expanding its existing range of products and coming out with new business ideas
Scalable business model
The business model is order-driven and comprises of optimum utilization of existing resources
Aristo Bio-Tech Risks
Highly volatile prices
Highly volatile prices of agrochemicals and other products which the company manufactures may cause losses if it is unable to maintain an appropriate time span between the purchase of material and the sale of the same
Requires certain approvals and licenses
The company requires certain approvals and licenses, including registrations from the Central Insecticides Board and Registration Committee, and failure to successfully obtain them would adversely affect the operations, results of operations and financial condition
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, its directors and promoters. Any adverse decision in such proceedings may have a material adverse effect on the business, results of operations and financial condition
Cyclical business
The business is subject to climatic conditions and is cyclical in nature
IPO FAQs
The promoters of the company are Narendra Singh Barhat, Kusum Narendra Singh Barhat and Ketankumar Harkantbhai Joshi.
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 72.0 - 72.0.
The IPO application opens on Jan 16, 2023 and closes on Jan 19, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Jan 24, 2023.
The refund will be credited to your account on Jan 25, 2023.
The allotted shares will be credited to your demat on Jan 26, 2023.
Aristo Bio-Tech and Lifescience Ltd.’s shares listed on the stock exchanges on Jan 30, 2023.