Ambey Laboratories Ltd, a company that manufactures agrochemical products, is launching its initial public offering (IPO) this week. Here are the key points:
IPO Dates
- Opening Date: The IPO opens for subscription on 4th July.
- Closing Date: It will close on 8th July.
Price and Shares
- Price Band: The shares will be offered at a price between ₹65 and ₹68 each.
- Total Amount: At the top price of ₹68, the IPO aims to raise ₹44.68 crore.
Share Distribution
- Fresh Issue: 62.58 lakh new shares will be issued, raising ₹42.56 crore.
- Offer-for-Sale (OFS): Existing shareholders will sell 3.12 lakh shares, valued at ₹2.12 crore.
Investment Requirements
- Lot Size: The minimum number of shares you can buy is 2,000.
- Minimum Investment: To invest, you’ll need at least ₹136,000.
Important Dates Post-IPO
- Allotment Date: Shares will be allocated on 9th July.
- Listing Date: The shares will be listed on the NSE SME Emerge on 11th July.
Management and Promoters
- Lead Manager: Fast Track Finsec Pvt. Ltd is managing the IPO.
- Registrar: Link Intime India Pvt. Ltd will handle the registration.
- Promoters: The promoters are Archit Gupta, Arpit Gupta, Sarina Gupta, and Rishita Gupta. Their ownership will decrease from 94.97% to 69.08% after the IPO.
Use of Funds
The funds from the fresh issue will be used to support the company’s ongoing business operations and general corporate needs.
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Company Background
- Incorporation: Ambey Laboratories was founded in 1985.
- Products: They produce agrochemical products like 2,4-D Acid, 2,4-D Sodium, and 2,4-D Amine.
- Location: The manufacturing facility is located in Behror, Rajasthan.
Financial Performance
- FY23: The company reported a net profit of ₹4.56 crore and revenue of ₹107.43 crore.
- 10 Months to Jan 2024: Profit was ₹6.07 crore, and revenue was ₹100.43 crore.
Grey Market Premium (GMP)
As of today, Ambey Laboratories shares are trading at a premium of ₹22 per share in the grey market. This means the shares are trading at ₹90 each, which is 32.35% higher than the IPO price of ₹68.
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