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A and M Jumbo Bags Limited IPO (A and M Jumbo Bags IPO) Detail

January 29, 2018 - February 2, 2018

A and M Jumbo Bags IPO is a fixed price issue of Rs 4.00 crores.

A and M Jumbo Bags IPO bidding started from January 29, 2018 and ended on February 2, 2018. The allotment for A and M Jumbo Bags IPO was finalized on Wednesday, February 7, 2018. The shares got listed on NSE SME on February 12, 2018.

A and M Jumbo Bags IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the A and M Jumbo Bags IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to A and M Jumbo Bags IPO RHP for detailed information.

A and M Jumbo Bags IPO Details

IPO Date January 29, 2018 to February 2, 2018
Listing Date February 12, 2018
Face Value ₹10 per share
Price ₹65 per share
Lot Size 2000 Shares
Total Issue Size616,000 shares
(aggregating up to ₹4.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion32,000 shares

A and M Jumbo Bags IPO Reservation

A and M Jumbo Bags IPO offers 648,000 shares. 292,000 (45.06%) to NII, 292,000 (45.06%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered32,000 (4.94%)
Other Shares Offered292,000 (45.06%)
Retail Shares Offered292,000 (45.06%)
Other Shares Offered32,000 (4.94%)
Total Shares Offered648,000 (100%)

A and M Jumbo Bags IPO Timeline (Tentative Schedule)

A and M Jumbo Bags IPO opens on January 29, 2018, and closes on February 2, 2018.

IPO Open Date Monday, January 29, 2018
IPO Close Date Friday, February 2, 2018
Basis of Allotment Wednesday, February 7, 2018
Initiation of Refunds Thursday, February 8, 2018
Credit of Shares to Demat Friday, February 9, 2018
Listing Date Monday, February 12, 2018
Cut-off time for UPI mandate confirmation 5 PM on February 2, 2018

A and M Jumbo Bags IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹130,000
Retail (Max) 1 2000 ₹130,000
Lot Size Calculator

About A and M Jumbo Bags Limited

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.

Objects of the Issue (A and M Jumbo Bags IPO Objectives)

Company intend to utilize the net proceeds from Issue towards the following objects:

1. Working Capital requirements
2. General Corporate Purpose

A and M Jumbo Bags IPO Review (Avoid)

[Dilip Davda]  

If compared with peers, AnM has the lowest turnover and the working of last three fiscals is on the basis of its Rs. 0.17 crore equity that is expanding to Rs. 1.75 crore post issue. It issued rights shares at a price of Rs. 16 per share in October 2017 and now wants new investors to part Rs. 65 per share. Investors have better options in secondary market for investment at lower P/Es. Hence there is no harm in giving this issue a miss.

Read detail review...


A and M Jumbo Bags IPO Subscription Status (Bidding Detail)

The A and M Jumbo Bags IPO is subscribed 7.44 times on February 2, 2018 5:00:00 PM. The public issue subscribed 10.88 times in the retail category, times in the QIB category, and 3.97 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other3.97
Retail10.88
Total7.44

A and M Jumbo Bags IPO Prospectus

A and M Jumbo Bags IPO Rating

68
3.8
Rating:Rated 3.8 stars
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A and M Jumbo Bags IPO Listing Details

Listing Date February 12, 2018
BSE Script Code
NSE Symbol AMJUMBO
ISIN INE749Y01014
Final Issue Price ₹65 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹65.00
₹70.50
₹66.50
₹73.80
₹66.55

Check IPO Performance…

A and M Jumbo Bags Limited Contact Details

A and M Jumbo Bags Limited
Block No.-100, Bhagwati Rice Mill,
Opp. Hp Petrol Pump, Jetalpur,
Daskroi Ahmedabad 382426
Phone: +91 9173398575;
Email: investor@aandmjumbobags.com
Website: http://www.aandmjumbobags.com/

A and M Jumbo Bags IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

A and M Jumbo Bags IPO - Buy or Not

A and M Jumbo Bags IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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A and M Jumbo Bags IPO FAQs

A and M Jumbo Bags IPO is a SME IPO of 616,000 equity shares of the face value of ₹10 aggregating up to ₹4.00 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000 Shares.

The IPO opens on January 29, 2018, and closes on February 2, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The A and M Jumbo Bags IPO opens on January 29, 2018 and closes on February 2, 2018.

A and M Jumbo Bags IPO lot size is 2000 Shares, and the minimum amount required is ₹130,000.

You can apply in A and M Jumbo Bags IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for A and M Jumbo Bags IPO will be done on Wednesday, February 7, 2018, and the allotted shares will be credited to your demat account by Friday, February 9, 2018. Check the A and M Jumbo Bags IPO allotment status.

The A and M Jumbo Bags IPO listing date is on February 12, 2018.
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A and M Jumbo Bags IPO Message Board

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20 Comments

11. Accounting financial reporting |   Link |  Bookmark |February 8, 2018 6:53:28 AM
Continues 4 days upper circuit possible due to potential company in manufacturing sector and over subscription.

Best of luck for allotment.....
11.1. SecTheta |   Link |  Bookmark |February 8, 2018 5:30:44 PM
ha ha... Good luck!!
11.2. DownriteVJ |   Link |  Bookmark |February 15, 2018 2:29:45 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Hovering near 67
10. Accounting financial reporting |   Link |  Bookmark |February 7, 2018 12:52:52 PM
Lucky draw today for listing gain huge... to be ready
9. fatehabad |   Link |  Bookmark |February 2, 2018 12:22:44 PM
ASBA pnb not working properly
8. SecTheta |   Link |  Bookmark |January 31, 2018 5:00:20 PM
Just confirmed with my broker: There is NO GREY MARKET PREMIUM for either KOSTAK or Sub2 in A&M!
8.4. SecTheta |   Link |  Bookmark |February 1, 2018 9:39:14 PM
He is a person, not a company... Can''t share personal contact numbers here in public.. appreciate your understanding
8.5. Reet |   Link |  Bookmark |February 1, 2018 10:24:19 PM
Thanks septa ji .. in case your broker is ok to share the details since I don''t mind opening family trading accounts with him.. let me know .. I ll post my email I''d and you can mail me contact details and so it won''t be publish in public . Thanks ????
7. DownriteVJ |   Link |  Bookmark |January 31, 2018 2:11:41 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Sub to 17000

Is this correct?
7.1. SecTheta |   Link |  Bookmark |January 31, 2018 9:27:40 PM
No
6. Zaid Kazi |   Link |  Bookmark |January 31, 2018 11:39:08 AM
A and m jumbo bags ka premium kitna he please reply
6.1. DownriteVJ |   Link |  Bookmark |January 31, 2018 2:15:59 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
17000
5. S Patel |   Link |  Bookmark |January 31, 2018 7:32:48 AM
Find Latest updated subscription
https://www.nseindia.com/emerge/live_market/content/live_watch/ipo/sme_ipo.htm
4. VINAYERH |   Link |  Bookmark |January 29, 2018 4:24:07 PM
Clear avoid.........
3. JAYESH M |   Link |  Bookmark |January 28, 2018 2:57:07 PM
good work by gamble sir and r r patel sir
thanks
2. SecTheta |   Link |  Bookmark |January 26, 2018 10:44:10 PM
Non-sense valuations. CLEAR AVOID.
1. drimran |   Link |  Bookmark |January 24, 2018 11:11:27 PM
avoid