Ambey Laboratories IPO Review

 
Ambey Laboratories IPO Review

IPO Open Date: July 4, 2024

IPO Close Date: July 8, 2024

IPO Price: ₹65 to ₹68 per share

Lot Size: 2000 Shares

Listing: July 11, 2024

Ambey Laboratories is scheduled to hit the market on July 4, 2024 and close on July 8, 2024. Ambey Laboratories plans to raise around ₹44.68 Cr through an IPO with a sale of up to 6,570,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Ambey Laboratories, established in 1985, specializes in manufacturing agrochemical products for crop protection. With nearly four decades of experience, the company is a key player in the agrochemical sector. Their product line includes 2,4-D base chemicals and a range of other essential agrochemicals.

Certified with ISO 9001:2015 and ISO 14001:2015, Ambey Laboratories' manufacturing facility in Behror, Rajasthan ensures high-quality standards. The company caters to a diverse customer base, serving prominent corporates such as Aromatic Rasayan Private Limited, JR Jindal Infraprojects Private Limited, and SC Formulator Co. Ltd. Their comprehensive product range includes various formulations like 2,4-D Acid, Chlorpyriphos, Thiamethoxam, and others. As of October 31, 2023, the company employs 220 individuals across different departments to support its operations effectively.

Ambey Laboratories


Ambey Laboratories IPO Details

Ambey Laboratories IPO opens on July 04, 2024, and closes on July 08, 2024. The Listing date for Ambey Laboratories IPO is on July 11, 2024. The price band for IPO is ₹65 to ₹68 per share and lot size of 2000 Shares.

IPO DateJuly 04, 2024 to July 08, 2024
Listing DateJuly 11, 2024
Price₹65 to ₹68 per share
Lot Size2000 Shares
Issue Size₹44.68 Cr
Face Value₹10 per share

Ambey Laboratories IPO Tentative Timetable

Ambey Laboratories opening date is July 04, 2024 and close date is July 08, 2024. The IPO allotment date is July 09, 2024. The refund initiation of IPO is on July 10, 2024. The credit of shares in demat account is on July 10, 2024. The listing date is on July 11, 2024.

EventDate
IPO OpeningJuly 04, 2024
IPO ClosingJuly 08, 2024
IPO Allotment DateJuly 09, 2024
Refund InitiationJuly 10, 2024
Shares Credit to DematJuly 10, 2024
Lisiting DateJuly 11, 2024

Ambey Laboratories IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹136,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹136,000
Retail(Maximum)12000₹136,000
HNI (Minimum)24000₹272,000

Ambey Laboratories IPO Promoter Holding

Pre Issue Share Holding94.97%
Post Issue Share Holding

Ambey Laboratories IPO Review

Ambey Laboratories Ltd. has been a player in the agrochemical industry for nearly four decades, specializing in the manufacture of ‘2,4-D base chemicals' for crop protection. The company operates a technologically advanced manufacturing facility in Behror, Rajasthan, certified with ISO 9001:2015 and ISO 14001:2015 standards, ensuring high-quality and environmentally compliant production processes. Ambey Laboratories's product range includes various agrochemicals like 2,4-D Acid, Chlorpyriphos, Thiamethoxam, and Hexaconazole, catering to large corporate customers and adhering to stringent Environmental, Health, and Safety (EHS) regulations.

Over the past few years, Ambey Laboratories has shown inconsistent financial performance, with fluctuating net profits despite steady revenue growth. For FY21, FY22, and FY23, the company reported net profits of Rs. 10.34 crore, Rs. 3.58 crore, and Rs. 4.57 crore, respectively. The upcoming IPO aims to raise Rs. 44.68 crore by issuing 6,570,000 equity shares at a price band of Rs. 65 to Rs. 68 per share. The primary use of the IPO proceeds will be for working capital and general corporate purposes, with the company's market cap projected at Rs. 169.64 crore post-IPO.

The agrochemical sector is highly competitive and fragmented, which poses significant challenges for Ambey Laboratories. Despite its long-standing presence in the market, the company's inconsistent financial performance and the aggressive pricing of the IPO raise concerns. Additionally, inaccuracies in the financial data within the offer documents further complicate the investment decision. Given these factors, the IPO is considered a high-risk, low-return investment, and investors might be better off approaching with caution or skipping this opportunity altogether.

Ambey Laboratories IPO Subscription Status (Bidding Details)

Table not found

Ambey Laboratories IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Ambey Laboratories IPO FAQs

What is Ambey Laboratories IPO?

Ambey Laboratories is issuing 6,570,000 equity shares with a face value of ₹10 each, totaling up to ₹44.68 Cr. The shares are being offered at a price of ₹65 to ₹68 each, with a minimum order quantity of 2000 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Ambey Laboratories IPO will open?

Ambey Laboratories will open on July 04, 2024 for QIB, NII, and Retail Investors.

When Ambey Laboratories IPO will end?

Ambey Laboratories will end on July 08, 2024.

What is Ambey Laboratories IPO Size?

Ambey Laboratories IPO size is 44.68 Cr.

What is Ambey Laboratories IPO Price Band?

Ambey Laboratories price band is ₹65 to ₹68 per share.

What is the Ambey Laboratories IPO Allotment Date?

Ambey Laboratories allotment date is July 09, 2024.

What is the Ambey Laboratories IPO Listing Date?

Ambey Laboratories listing date is July 11, 2024. The IPO is to be listed on BSE and NSE.

How to Ambey Laboratories IPO through Zerodha?

To apply for the IPO “Ambey Laboratories” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Ambey Laboratories IPO through Upstox?

To apply for the IPO “Ambey Laboratories” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Ambey Laboratories IPO Allotment Status?

For Ambey Laboratories IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Ambey Laboratories IPO GMP?

You can check out here: Ambey Laboratories IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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