To, The Manager-Listing National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Mumbai – 400051 Respected Sir/Ma’am, Sub: Update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Aristo Bio-Tech and Lifescience Limited (Symbol: - ARISTO, ISIN: - INE082101010) In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that our Company has received Letter of Intent from National Fertilizers Limited (NFL), a government of India undertaking stating tender for supply of various Agrochemicals on FOR basis at various state warehouses of NFL. The said receipt of Tender of worth Rs. 13.56 Crores would enhance the customer base and would attribute towards profitability of the Company. Further Details with respect to said order as required under regulation 30 of listing regulations read with SEBI circular CIR/CFD/CMD/4/2015 dated September 09, 2015 are Provided herewith. You are requested to kindly note the same. Thanking you, Yours faithfully, For Aristo Bio-Tech And Lifescience Limited Narendra Singh Barhat (Chairman cum Managing Director) DIN: 00310306
Place: Vadodara Encl: A/a NARENDRA SINGH BARHAT Digitally signed by NARENDRA SINGH BARHAT Date: 2023.02.23 13:07:18 +05'30'
From Monday circuit is revised to 20 percent and today 100 percent delivery of stock. Hope for the best..
281. Elon Rusk| Link| Bookmark|
February 6, 2023 11:30:38 AM
Top Contributor (500+ Posts, 200+ Likes)
This is good example for retailers to not buy just because some senior investors in this forum are buying in bulk even after poor listing. Always do your own analysis before buying. Now its below IPO price.
281.3. Elon Rusk| Link| Bookmark|
February 6, 2023 12:18:20 PM
Top Contributor (500+ Posts, 200+ Likes)
No. I am not an expert to suggest any stock. I just apply good SME IPO but never got any allotment. This i wanted to buy since it listed way low then expected price but didnt due to adani and market down sentiment. Now market is ok but still this is down.
The price is intentionally being kept low.... Just when LC broke and chances of closing on high came, someone put a big sell order of around 32k shares so the sell ordeer looked big ..... It may soon show good up movement..... PS: haven't bought this share ....may buy if shows good buying on Monday ....
Bhai most of the smes are going down from listing price and struggling to get back to their listing price...Should one take position in this counter?..What positives u see.
280.2. sprint| Link| Bookmark|
February 4, 2023 8:03:08 AM
Top Contributor (200+ Posts, 100+ Likes)
Dont jump in too quick into this counter, it is expected to suffer for few months continuously until the next harvesting season and good rain prediction comes.. This sector was expecting some boost from Budget 2023, but nothing came in... also you can check the condition of India pesticides and Dharmaj Crop gaurd (main board) as a reference before jump in for this.
I too got lured to pick one lot since it is almost available at IPO price, also I felt, being an SME, it may recover way faster than main board similar companies once the favorable situations comes to the sector and did bit more research yesterday (gone through one and half hour IPO road show presentation and QnA)..
After watching this (note that it is IPO investor presentation video, I checked only for my personal interest of taking buying decision single lot now) and felt not to immediately buy due to below reason;
currently, technical trade-in contributing 30% of revenue which I felt it is very higher side to the core manufacturing company. (Technical-trade in means: Active ingredient trading, just buy from vendor and sell it as such for customer), this can be done by anybody without mfg. setup.
Other than this management looks very genuine in all other Q&A session answers (Source: youtube)
Dscl: the above is only based on Fundamental wise, and I have been proven very much wrong many times when I followed only fundamentals in SMEs and still I want to stick to that, hence you can take your own call.
Aristo was showing GMP of 69% during Subscription last day.....even after allotment was showing GMP of 50%...
At listing it never crossed 20% premium at is available at 5% premium......
Whats the relevance of GMP shown during subscription days.....
What action available to small investors who have applied based on GMP figures....
Any views????
275.1. Elon Rusk| Link| Bookmark|
February 3, 2023 2:43:15 PM
Top Contributor (500+ Posts, 200+ Likes)
There are many examples to not trust GMP for SME IPOs recent one was Moxsh and Homesify. One listed way below and one way above. GMP for SME can be manipulated easily.
You bought 158 lots in open market worth of 2.1Cr approx 14% of total issue size. Please let me know what potentiality did you see. What makes it worth...
273. SSingh| Link| Bookmark|
February 2, 2023 8:54:58 AM
IPO Guru (1400+ Posts, 800+ Likes)
Looks like when someone buys a good quantity of shares and that person is not within the known circle then the price is hammered to create panic for all such investors! Please share your views on this.