Ambey Laboratories was incorporated on March 20, 1985. The company is engaged in the business of manufacturing agrochemical products for the protection of crops. It has been serving the agrochemical sector for almost four decades.
| Bidding Dates |
|---|
| 04 Jul 2024 - 08 Jul 2024 |
| Subscription |
|---|
| 148.94x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,30,000 | 1 | 1 | 2000 | 6.6 M | ₹65 - ₹68 | 69.9 % | ₹427.1 M - ₹446.8 M | RHP DOC |
Ambey Laboratories IPO SUBSCRIPTION STATUS
08 Jul '24Ambey Laboratories IPO overall subscription rate was 148.94 times the total available shares
Ambey Laboratories IPO retail subscription rate was 258.86 times in the retail segment
Ambey Laboratories IPO non-institutional investor subscription rate was 279.04 times in the non-institutional investor category
Ambey Laboratories IPO Qualified Institutional Bidder subscription rate was 32.96 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
08 Jul 2024 (Day 3) | 258.86x | 279.04x | 32.96x |
05 Jul 2024 (Day 2) | 84.98x | 43.56x | 0.22x |
04 Jul 2024 (Day 1) | 36.65x | 16.84x | 0.22x |
Ambey Laboratories 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 |
| 10MFY24 | 60.8 | 1,003.2 | -82.3 | -96.5 | 12.8% |
| FY23 | 45.7 | 1,048.2 | 94.4 | 63.5 | 10.5% |
| FY22 | 35.7 | 846.0 | 56.1 | 48.5 | 12.8% |
| FY21 | 103.4 | 817.4 | 27.4 | 15.4 | 12.7% |
Ambey Laboratories IPO SUBSCRIPTION STATUS DETAILS
Ambey Laboratories had 6.6 M shares on offer
Ambey Laboratories IPO offer price was in the range ₹65 - ₹68
Ambey Laboratories IPO minimum Investment was ₹130000
Ambey Laboratories IPO issue size was ₹ 427.1 M - ₹ 446.8 M
Ambey Laboratories had a minimum lot size of 2000 Shares per application
Ambey Laboratories NUMBER OF SHARES ON OFFER
Ambey Laboratories IPO IMPORTANT DATES
| Issue Open Date | 04 Jul 2024 |
| Issue close Date | 08 Jul 2024 |
| Allotment Date | 09 Jul 2024 |
| Refund Date | 09 Jul 2024 |
| Demat Account Credit Date | 10 Jul 2024 |
| Listing Date | 11 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Ambey Laboratories Allotment Status | Exchange |
Ambey Laboratories IPO subscription opened on 04 Jul 2024, and closed on 08 Jul 2024
IPO allotment for Ambey Laboratories was finalized on Tuesday, 09 Jul 2024
IPO listing for Ambey Laboratories was on NSE on Thursday, 11 Jul 2024
Ambey Laboratories IPO LISTING GAINS
| Issue Price (adjusted) | 68.0 |
| Listing Open Price | 85.0 |
| Listing Close Price | 89.3 |
| Listing Gain% | 25.0% |
| Current Gain% | -69.5% |
Ambey Laboratories 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dhansa Labs Ltd. | 20.8 | 51.8 | 9.7 | 0.9 | 0.4 | 5.8 | 3.8 | 143.1 | 7.4 | 5.7 | 19.9 | 2.1 | 11.1 |
| 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 |
Ambey Laboratories INFORMATION ON IPO ISSUE
About Ambey Laboratories
Ambey Laboratories was incorporated on March 20, 1985. The company is engaged in the business of manufacturing agrochemical products for the protection of crops. It has been serving the agrochemical sector for almost four decades.
Object of the Issue
- To meet the working capital requirements of the company
- General corporate purposes
- To meet the issue expenses
Ambey Laboratories - PROMOTERS
| Name |
|---|
| Archit Gupta |
| Sarina Gupta |
| Rishita Gupta |
| Arpit Gupta |
Ambey Laboratories Lead Manager to the Issue
Fast Track Finsec Private Limited
vikasverma@ftfinsec.com
Ambey Laboratories Registrar to the Issue
Link Intime India Private Limited
ambeylab.ipo@Linkintime.co.in
Ambey Laboratories Strengths
Quality assurance and standards
The company is committed to delivering high-quality products in a proper manner at every step, from manufacturing to dispatch. Its dedicated internal quality control team ensures compliance with established standards and practices
Prime location
The manufacturing facility is located at SP 1-5, RIICO Industrial Area Sotanala, Behror, Distt. Alwar, Rajasthan. In this estate, all the infrastructure facilities, such as power, roads, water, etc., are developed by the State Government
Ambey Laboratories Risks
Dependent on few clients
A substantial portion of the company's revenues has been dependent upon a few clients. The loss of any one or more of the major clients would have a material adverse effect on the business
Certain litigations
The company, its promoters, directors and group companies are involved in certain litigations including tax-related litigations, which if determined against them, can affect financial conditions
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2.1 crore, of 312,000 shares. It also consists of a fresh issue of Rs 42.6 crore.
The promoters of the company are Archit Gupta, Sarina Gupta, Rishita Gupta and Arpit Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 65.0 - 68.0.
The IPO application opens on Jul 04, 2024 and closes on Jul 08, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 130,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Jul 09, 2024.
The refund will be credited to your account on Jul 09, 2024.
The allotted shares will be credited to your demat on Jul 10, 2024.
Ambey Laboratories Ltd.’s shares listed on the stock exchanges on Jul 11, 2024.