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AMBO Agritec Ltd IPO (AMBO Agritec IPO) Detail

Nov 21, 2022 - Nov 24, 2022

Incorporated in 1994, Ambo Agritec Limited is a Kolkata-based company engaged in manufacturing Biscuits and outsourced manufacturing of Edible Oils, Vanaspati, Bengali Speciality Products, trading of Crude Linseed Oil, and Soyabean Meal.

 Ambo Agritec products are sold under the brand names 'Happy Bites' for Biscuits, 'Happy Heart' for Edible Oil, 'Ambo Gold' & 'Vanaspati 2000' for Vanaspati, and 'Max Health' for Bengali Speciality Products.

The company operates in three segments: 

  1. Manufacturing of Biscuits 
  2. Outsourced Manufacturing of Edible Oil, Vanaspati, Bengali Speciality Products, etc. (through a third party) 
  3. Trading of Crude Linseed Oil, Soyabean Meal, etc.

Company Financials

AMBO Agritec Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202113.767428.1431.99232.4457.68242.56
31-Mar-212212.424717.3119.11251.5576.79381.03
31-Mar-222553.759485.54119.27370.82196.06406.8
30-Jun-222629.731621.3949.58420.4245.64379.01
Amount in ₹ Lakhs

Objects of the Issue

The Objects of the Issue are:

  1. To meet the working capital requirements
  2. To meet the Issue Expenses
  3. General Corporate Purposes

AMBO Agritec IPO Details

IPO Date Nov 21, 2022 to Nov 24, 2022
Listing Date Friday, December 2, 2022
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Issue Size3,400,000 shares of ₹10
(aggregating up to ₹10.20 Cr)
Fresh Issue3,400,000 shares of ₹10
(aggregating up to ₹10.20 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50
Retail Shares Offered50
Market MakerNIKUNJ STOCK BROKERS LIMITED
Company Promoters

Mr. Umesh Kumar Agarwal is the promoter of the company.

AMBO Agritec IPO Tentative Timetable

AMBO Agritec IPO opens on Nov 21, 2022, and closes on Nov 24, 2022. The AMBO Agritec IPO bid date is from Nov 21, 2022 10.00 A.M. to Nov 24, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 21, 2022
Closing Date Nov 24, 2022
Basis of Allotment Nov 29, 2022
Initiation of Refunds Nov 30, 2022
Credit of Shares to Demat Dec 1, 2022
Listing Date Dec 2, 2022

AMBO Agritec IPO Lot Size

The AMBO Agritec IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000
S-HNI (Min) 2 8,000 ₹240,000

AMBO Agritec IPO Promoter Holding

Pre Issue Share Holding 94.96%
Post Issue Share Holding 60.60%

AMBO Agritec IPO Review

AAL is in a highly competitive, fragmented business with many established big players. Based on its financial performance so far, the issue appears fully priced. Well-informed, cash surplus risk seekers may consider an investment with a long-term perspective. Read detail review...


AMBO Agritec IPO Subscription Status (Bidding Detail)

The AMBO Agritec IPO is subscribed 336.75 times on Nov 24, 2022 6:56:00 PM. The public issue subscribed 350.00 times in the retail category, times in the QIB category, and 323.51 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII323.51
Retail350.00
Total336.75

AMBO Agritec IPO Prospectus

AMBO Agritec IPO Rating

625
4.0
Rating:Rated 4.0 stars
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AMBO Agritec IPO Listing Date

Listing Date Friday, December 2, 2022
BSE Script Code 543678
NSE Symbol
Listing In MT Group of Securities
ISIN INE0N6V01016
IPO Price ₹30 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹30.00
₹40.10
₹39.30
₹42.10
₹42.10

Company Contact Information

AMBO Agritec Ltd
3, Pretoria Street, Chandrakunj Building,
2nd Floor, Kolkata – 700071

Phone: +91 98310 74747
Email: cs@amboagritec.com
Website: http://www.amboagritec.com/

AMBO Agritec IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

AMBO Agritec IPO Review

AMBO Agritec IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 8 2 1

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IPO Broker Recommendations

AMBO Agritec IPO FAQs

AMBO Agritec IPO is a SME IPO of 3,400,000 equity shares of the face value of ₹10 aggregating up to ₹10.20 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Nov 21, 2022, and closes on Nov 24, 2022.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in AMBO Agritec IPO using UPI as a payment gateway. Zerodha customers can apply in AMBO Agritec IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in AMBO Agritec IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'AMBO Agritec IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The AMBO Agritec IPO opens on Nov 21, 2022 and closes on Nov 24, 2022.

AMBO Agritec IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in AMBO Agritec 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 AMBO Agritec IPO will be done on Nov 29, 2022, and the allotted shares will be credited to your demat account by Dec 1, 2022. Check the AMBO Agritec IPO allotment status.

The AMBO Agritec IPO listing date is on Friday, December 2, 2022.
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