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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
| IPO Opening Date | Jan 29, 2018 |
| IPO Closing Date | Feb 2, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | 616,000 Eq Shares of ₹10 (aggregating up to ₹4.00 Cr) |
The A and M Jumbo Bags IPO open date is Jan 29, 2018, and the close date is Feb 2, 2018. The issue may list on Feb 12, 2018.
| IPO Open Date | Jan 29, 2018 |
| IPO Close Date | Feb 2, 2018 |
| Basis of Allotment Date | Feb 7, 2018 |
| Initiation of Refunds | Feb 8, 2018 |
| Credit of Shares to Demat Account | Feb 9, 2018 |
| IPO Listing Date | Feb 12, 2018 |
The A and M Jumbo Bags IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹130,000 |
| Maximum | 1 | 2000 | ₹130,000 |
The A and M Jumbo Bags IPO is subscribed 7.44 times on Feb 2, 2018 17:00. The public issue subscribed 10.88 in the retail category, in the QIB category, and 3.97 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 3.97 |
| RII | 10.88 |
| Total | 7.44 |
| Listing Date | Monday, February 12, 2018 |
| BSE Script Code | |
| NSE Symbol | AMJUMBO |
| Listing In | |
| ISIN | INE749Y01014 |
| IPO Price | ₹65 per equity share |
| Face Value | ₹10 per equity share |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 equity share. The minimum order quantity is 2000 Shares.
The IPO opens on Jan 29, 2018, and closes on Feb 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 Jan 29, 2018 and closes on Feb 2, 2018.
A and M Jumbo Bags IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for A and M Jumbo Bags IPO will be done on Feb 7, 2018, and the allotted shares will be credited to your demat account by Feb 9, 2018. Check the A and M Jumbo Bags IPO allotment status.
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Best of luck for allotment.....