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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.
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 Date | Jan 29, 2018 to Feb 2, 2018 |
| A and M Jumbo Bags IPO Face Value | ₹10 per share |
| A and M Jumbo Bags IPO Price | ₹65 per share |
| A and M Jumbo Bags IPO Lot Size | 2000 Shares |
| Issue Size | 616,000 shares of ₹10 (aggregating up to ₹4.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | 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. |
A and M Jumbo Bags IPO opens on Jan 29, 2018, and closes on Feb 2, 2018. The A and M Jumbo Bags IPO bid date is from Jan 29, 2018 10.00 A.M. to Feb 2, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| A and M Jumbo Bags IPO Opening Date | Jan 29, 2018 |
| A and M Jumbo Bags IPO Closing Date | Feb 2, 2018 |
| Basis of Allotment | Feb 7, 2018 |
| Initiation of Refunds | Feb 8, 2018 |
| Credit of Shares to Demat | Feb 9, 2018 |
| A and M Jumbo Bags IPO Listing Date | Feb 12, 2018 |
The A and M Jumbo Bags IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
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...The A and M Jumbo Bags IPO is subscribed 7.44 times on Feb 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)
| Category | Subscription (times) |
|---|---|
| NII | 3.97 |
| Retail | 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 share |
| Face Value | ₹10 per 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 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 .
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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IPO Guru (1300+ Posts, 1200+ Likes)
Best of luck for allotment.....