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Incorporated in 1994 as Mouli Creations (P) Ltd., Ammana Bio Pharma Limited is into manufacturing of Ethanol used by oil companies for blending along with petrol.
Ammana Bio manufactures three basic products:
1. Fuel Ethanol, popularly known as 'Gasohol',
2. Extra Neutral alcohol or potable alcohol and
3. Rectified Spirit by multifeed system including sweet sorghum as main basic raw material which provides many advantages over molasses including low cost of production.
ABPL manufactures ethanol through R.S., which contains 94.98% of alcohol and the balance portion as water. ABPL has adopted molecular sieve technology to remove extra water molecules from R.S. The strength of ethanol produced by ABPL is 99.8%.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and
1. Expansion of Existing Unit: To raise capital for financing expansion of existing Plant & machinery for production of Rectified Spirits to be integrated for zero discharge in order to comply with Pollution Control Board norms under primary/secondary treatment;
2. Setting-up of Sweet Sorghum Project.
| IPO Opening Date | Mar 28, 2007 |
| IPO Closing Date | Apr 5, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹12 to ₹14 per equity share |
| Market Lot | 500 Shares |
| Min Order Quantity | 500 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹21.66 Cr) |
The Ammana Bio IPO market lot size is 500 shares. A retail-individual investor can apply for up to 28 lots (14000 shares or ₹196,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 500 | ₹7,000 |
| Maximum | 28 | 14000 | ₹196,000 |
The Ammana Bio IPO is subscribed 0.17 times on Apr 5, 2007 17:00. The public issue subscribed 0.37 in the retail category, 0.00 in the QIB category, and 0.30 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
Ammana Bio Pharma Limited
Mouli Gram, Elkatur,
H/O MSVM Puram, Panchayath,
Nindra Mandalam, Chittoor Dist., AP, India
Phone: +91-8577-270669
Email: complianceofficer@ammanabio.com
Website: http://www.ammanabio.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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Ammana Bio IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹21.66 Crores. The issue is priced at ₹12 to ₹14 per equity share. The minimum order quantity is 500 Shares.
The IPO opens on Mar 28, 2007, and closes on Apr 5, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Ammana Bio IPO opens on Mar 28, 2007 and closes on Apr 5, 2007.
Ammana Bio IPO lot size is 500 Shares and the minimum order quantity is 500 Shares.
You can apply in Ammana Bio 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 Ammana Bio IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ammana Bio IPO allotment status.
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