Incorporated in 1994, Ambo Agritec Limited is a Kolkata-based company engaged in manufacturing Biscuits and outsourced manufacturing of Edible Oils, Vanaspati, Bengali Speciality Products, trading of Crude Linseed Oil, and Soyabean Meal.
Ambo Agritec products are sold under the brand names ‘Happy Bites’ for Biscuits, ‘Happy Heart’ for Edible Oil, ‘Ambo Gold’ & ‘Vanaspati 2000’ for Vanaspati, and ‘Max Health’ for Bengali Speciality Products.
The company operates in three segments:
- 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.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2113.76 | 7428.14 | 31.99 | 232.44 | 57.68 | 242.56 |
| 31-Mar-21 | 2212.42 | 4717.31 | 19.11 | 251.55 | 76.79 | 381.03 |
| 31-Mar-22 | 2553.75 | 9485.54 | 119.27 | 370.82 | 196.06 | 406.8 |
| 30-Jun-22 | 2629.73 | 1621.39 | 49.58 | 420.4 | 245.64 | 379.01 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Objects of the Issue are:
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes
AMBO Agritec IPO Details
| IPO Date | Nov 21, 2022 to Nov 24, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Issue Size | 3,400,000 shares of ₹10 (aggregating up to ₹10.20 Cr) |
| Fresh Issue | 3,400,000 shares of ₹10 (aggregating up to ₹10.20 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50 |
| Retail Shares Offered | 50 |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | Mr. Umesh Kumar Agarwal is the promoter of the company. |
AMBO Agritec IPO Tentative Timetable
AMBO Agritec IPO opens on Nov 21, 2022, and closes on Nov 24, 2022. The AMBO Agritec IPO bid date is from Nov 21, 2022 10.00 A.M. to Nov 24, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 21, 2022 |
| Closing Date | Nov 24, 2022 |
| Basis of Allotment | Nov 29, 2022 |
| Initiation of Refunds | Nov 30, 2022 |
| Credit of Shares to Demat | Dec 1, 2022 |
| Listing Date | Dec 2, 2022 |
AMBO Agritec IPO Lot Size
The AMBO Agritec IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
AMBO Agritec IPO Promoter Holding
| Pre Issue Share Holding | 94.96% |
| Post Issue Share Holding | 60.60% |
AMBO Agritec IPO Review
AAL is in a highly competitive, fragmented business with many established big players. Based on its financial performance so far, the issue appears fully priced. Well-informed, cash surplus risk seekers may consider an investment with a long-term perspective. Read detail review…
AMBO Agritec IPO Subscription Status (Bidding Detail)
The AMBO Agritec IPO is subscribed 336.75 times on Nov 24, 2022 5:18:00 PM. The public issue subscribed 350.00 times in the retail category, times in the QIB category, and 323.51 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 323.51 |
| Retail | 350.00 |
| Total | 336.75 |
AMBO Agritec IPO Prospectus
Company Contact Information
AMBO Agritec Ltd
3, Pretoria Street, Chandrakunj Building,
2nd Floor, Kolkata – 700071
Phone: +91 98310 74747
Email: cs@amboagritec.com
Website: http://www.amboagritec.com/
AMBO Agritec IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/