Ammana Bio Pharma Limited IPO (Ammana Bio IPO) Detail

Mar 28, 2007 - Apr 5, 2007

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%.

Objects of the Issue:

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.

Ammana Bio IPO Details

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)

Ammana Bio IPO Lot Size

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

Ammana Bio IPO Subscription Status (Bidding Detail)

The Ammana Bio IPO is subscribed 0.17x times on Apr 5, 2007 17:00. The public issue subscribed 0.37x in the retail category, 0.00x in the QIB category, and 0.30x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total	0.17x

Ammana Bio IPO Prospectus

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Ammana Bio IPO Rating

3.1

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Company Contact Information

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

Ammana Bio IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Ammana Bio IPO Lead Manager(s)

Centrum Capital Limited

Lead Manager Reports

Ammana Bio IPO FAQs

What is Ammana Bio IPO?

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.
When Ammana Bio IPO will open?

The Ammana Bio IPO opens on Mar 28, 2007 and closes on Apr 5, 2007.
What is the lot size of Ammana Bio IPO?

Ammana Bio IPO lot size is 500 Shares and the minimum order quantity is 500 Shares.
How to apply for Ammana Bio IPO?

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.
When Ammana Bio IPO allotment?

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.
When is Ammana Bio IPO listing date?

The Ammana Bio IPO listing date is not yet announced. The tentative date of Ammana Bio IPO listing is [.].

Ammana Bio IPO Message Board

Ranked Members

28. tanushri |Jun 15, 2007 19:59

write to registrar or SEBI if you have not recieved the refund.

27. ankit |Jun 12, 2007 22:46

hi can u please when will i get the money back??? its already bin more than 2 months..
please guide

26. venkat |May 21, 2007 22:13

Hi,

How to get my money back, as issue is cancelled.

Plese help.

25. RaviG |Apr 18, 2007 18:45

As very much expected the same result, this IPO is cancelled.

24. amitkumararora |Apr 9, 2007 00:06

Is IPO ki vaat lag gayee------------

Very good decision by retail investors.
we should give the same reply to greedy promoters who either price their issues at very high prices or are from fundamentally weak compnies.

23. manish |Apr 6, 2007 20:57

aviod this ipo.buy Lawreshwar IPO which is currently avialable at 11.it definately touch 19+

22. vinoth |Apr 5, 2007 10:42

Yes
Defintely listing gain will be there

21. hari |Apr 5, 2007 10:40

What is the listing price

shall we apply

20. GOVIND |Apr 5, 2007 00:06

bet on it. this ipo will be cancelled.

19. manish |Apr 4, 2007 23:49

attn:tanushre....what happen to you??why put buy call on this ipo

18. Rohit Chaube |Apr 4, 2007 00:22

Do not put your money in this. Not much past history of the company, don't get lured by the chap price. No stock firm or daily has recommended it. In this market, better not to play risk, even if you think u can put 7,000 just to take chance, don't do that.
Rest as always upto any one view.

17. Vikram |Apr 1, 2007 22:36

Ammana Bio Pharma Ltd. Valuation - Anand Rathi Research

Company is operating in a sector, which is likely to receive favorable business climate for many years to come. However, company needs to prove its project execution skills & establish farmer sourcing network. At the Price band of Rs 12-14, issue is priced at 57x-67x its expected FY07 earnings, which is far more than the prevailing companies of similar size. Also, the significant dilution in promoter holdings post-issue is a cause of concern. Keeping these execution risks & high price in mind, we recommend our investors to AVOID the issue.

16. Asit |Mar 31, 2007 21:08

avoid these Ipo,not reputed group,taking advantage of Bio pharma group is changed company name and company is nothing to do in future,just enjoying themselves with our money.in short keep your self 100 killometer far from these Ipo

15. pravin |Mar 30, 2007 17:52

i dont think this will run for long time

14. BAPI ROY |Mar 30, 2007 01:05

Apply for long term. Investment should fetch 100% returns over a years time. BEST OF LUCK.

13. Kamal |Mar 29, 2007 20:40

Mr. PJ
It has been the practice to fix the minimum subscription amount between Rs.5000 and Rs,7000 and thats why minimum order quantity is 500.

12. pj |Mar 29, 2007 16:07

Market Lot: 500 Shares
»» Minimum Order Quantity: 500 Shares .... Why this type of lot? What is hidden behind this calculation? Can anyone explain this statistics?

11. tanushree |Mar 28, 2007 19:47

good ipo.available at cheap rate.my recommendation apply

10. Kamal |Mar 27, 2007 16:06

Following are excerpts from RH Prospectous
------------------------------------------
Current Book value(for face value Rs.10 share) is Rs.9.41.

Current Earnings per share is 0.122 (nearly 12 paise per Rs.10).

Commercial production started in March 2006.

Futuristic industry but with stiff competion.

Company has paid only 25% advance for purchase of machinery worth 2.50 crores. But not even placed orders for SweetSorghum project. This indicates that there may be delay in future projects and consequent delay in riping the benefits.

Skill manpower is not yet recruited. This will also delay the project.

The price of main raw material is suspectible to volatality. Any increase might decrease future profits and any decrease might increase the future profits.

The promoter company Ammana Equity Fund Private Limited did not have any operations for several years.

The company had negative cash flow till December 2006.

My Opinion
----------

Good for Long Term (3 to 5 years) and listing gains. The share, becasue it is offered at Rs.12 to Rs.14, depending upon the then market conditions, will get listed between Rs.18 and Rs.20. Then settle down around the issue price for quite some years and thereafter gradually increase based on the performance.

9. TSelvan |Mar 26, 2007 12:14

This got very good potential for growth.
Bio fuel is alreadt fully operational in some states of India. Givt is now promoting bio fuel based companies and get lot of benefits

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