Incorporated in 2011, A and M Jumbo Bags Limited is Ahmadabad-based company engaged in manufacturing and supply of Polyethylene Jumbo Bags and Flexible Intermediate Bulk Container (FIBC) used in industrial and commercial packaging units. These bags are used in packing of various materials such as chemicals, fertilizers, pharmaceuticals, polymers, cement, minerals, food grains, human consumption items, etc. FIBC's are widely used for bulk transportation of industrial raw material, semi finished and finished product.
These bags are giant size bags in drum or box shape and are internationally used as bulk bags or big sized bags or Flexible Intermediate Bulk Containers. These bags are made out of PP UV stabilized nylon or polypropylene or HDPE fabric with four corner loops for easy handling. Top and bottom spouts are provided for easy filling and discharge of material. There is also a provision for controlled discharge of the material at required rates.
The manufacturing unit of the Company is located at Jabalpur, Ahmadabad. Company has installed facility to manufacture 2,00,000 Pieces. In year 2017-18 company produced around 1,25,744 bags.
Mr Pratish Shah and Gita Patel are the promoters of the company. Mr Pratish Shah, aged 52 years, is the Chairman and Managing Director of the company.
Company intend to utilize the net proceeds from Issue towards the following objects:
1. Working Capital requirements
2. General Corporate Purpose
»» Issue Open: Jan 29, 2018 - Feb 2, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 616,000 Equity Shares of Rs 10 aggregating up to Rs 4.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 65 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: NSE SME
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||292,000||292,000||32,000||616,000|
|Day 1 - Jan 29, 2018 17:00 IST||0||308,000||248,000||-||556,000|
|Day 2 - Jan 30, 2018 17:00 IST||0||354,000||408,000||-||762,000|
|Day 3 - Jan 31, 2018 17:00 IST||0||354,000||664,000||-||1,018,000|
|Day 4 - Feb 1, 2018 17:00 IST||0||638,000||988,000||-||1,626,000|
|Day 5 - Feb 2, 2018 17:00 IST||10,000||1,160,000||3,176,000||-||4,346,000|
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