Incorporated in 2005, Aristo Bio-Tech and Lifescience Limited is an agrochemical company. They are mainly engaged in the manufacturing, formulation, supplying, packaging, and job work services of various Pesticides.
They deliver their products in India as well as engage in exporting products like Insecticides, Herbicides, Fungicides, Plant Growth Regulators, and a wide variety of other Agrochemicals.
The industry Aristo Bio-Tech and Lifescience is engaged in, is a wide canvas full of possibilities where the entities deal in the production and distribution of pesticides and fertilizers. All these entities contribute towards enhancing crop yields and their quality.
Aristo Bio-Tech and Lifescience are delivering their products in over 20 states of India. Also, the offerings are extended to over 15 countries, including Armenia, Australia, Bangladesh, Belgium, Cambodia, Germany, Italy, Kenya, Moldova, New Zealand, Poland, South Africa, UAE, Ukraine, and Vietnam.
The company is ISO 9001: 2015 certified for their Quality Management System. Following are the products of Aristo:
- Herbicides/Weedicides
- Fungicides
- Plant Growth Regulator
- Insecticides
Alongside undertaking manufacturing operations, the company also provide Contract manufacturing, Job work and Toll manufacturing services for Crop Protection companies.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 8785.12 | 20123.94 | 100.74 | 1230.51 |
| 31-Mar-21 | 8141.73 | 16722.96 | 107.57 | 1338.08 |
| 31-Mar-22 | 7700.16 | 16603.29 | 146.17 | 1484.25 |
| 30-Sep-22 | 10869.14 | 12907.49 | 258.9 | 1743.15 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Aristo Bio-Tech and Lifescience IPO Details
| IPO Date | Jan 16, 2023 to Jan 19, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹72 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,812,800 shares of ₹10 (aggregating up to ₹13.05 Cr) |
| Fresh Issue | 1,812,800 shares of ₹10 (aggregating up to ₹13.05 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 24.57 |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SUNFLOWER BROKING PVT. LTD. |
| Company Promoters | Mr. Narendra Singh Barhat, Mrs. Kusum Narendra Singh Barhat and Mr. Ketankumar Harkantbhai Joshi are the promoters of the company. |
Aristo Bio-Tech and Lifescience IPO Tentative Timetable
Aristo Bio-Tech and Lifescience IPO opens on Jan 16, 2023, and closes on Jan 19, 2023. The Aristo Bio-Tech and Lifescience IPO bid date is from Jan 16, 2023 10.00 A.M. to Jan 19, 2023 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 | Jan 16, 2023 |
| Closing Date | Jan 19, 2023 |
| Basis of Allotment | Jan 24, 2023 |
| Initiation of Refunds | Jan 25, 2023 |
| Credit of Shares to Demat | Jan 26, 2023 |
| Listing Date | Jan 27, 2023 |
Aristo Bio-Tech and Lifescience IPO Lot Size
The Aristo Bio-Tech and Lifescience IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹115,200 |
| Retail (Max) | 1 | 1600 | ₹115,200 |
| HNI (Min) | 2 | 3,200 | ₹230,400 |
Aristo Bio-Tech and Lifescience IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.37% |
Aristo Bio-Tech and Lifescience IPO Review
Based on its super earnings for H1 of FY23, the IPO is fully priced discounting all near-term positives. The sustainability of such margins going forward is a major concern. The segment too is becoming crowded and highly competitive. Post-IPO small paid-up equity also indicates longer gestation for migration to the main board. Well-informed investors may park funds with a long-term perspective. Read detail review…
Aristo Bio-Tech and Lifescience IPO Prospectus
Aristo Bio-Tech and Lifescience IPO Rating
Company Contact Information
Aristo Bio-Tech and Lifescience Limited
E-24,25,26, G.I.D.C. Manjusar,
Ta. Savli,
Vadodara – 391775
Phone: +91-2667-264843
Email: cs@aristobiotech.com
Website: http://www.aristobiotech.com/
Aristo Bio-Tech and Lifescience IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aristobio.ipo@linkintime.co.in
Website: https://linkintime.co.in/