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Ammana Bio Pharma Limited IPO (Ammana Bio IPO) Detail

March 28, 2007 - April 5, 2007

Ammana Bio IPO is a book built issue of Rs 21.66 crores.

Ammana Bio IPO bidding started from March 28, 2007 and ended on April 5, 2007.

Ammana Bio IPO price band is set at ₹12 to ₹14 per share. The minimum lot size for an application is 500 Shares. The minimum amount of investment required by retail investors is ₹7,000.

Centrum Capital Limited is the book running lead manager of the Ammana Bio IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Ammana Bio IPO RHP for detailed information.

Ammana Bio IPO Details

IPO Date March 28, 2007 to April 5, 2007
Listing Date [.]
Face Value ₹10 per share
Price Band ₹12 to ₹14 per share
Lot Size 500 Shares
Total Issue Size[.] shares
(aggregating up to ₹21.66 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Ammana Bio IPO Lot Size

Investors can bid for a minimum of 500 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 500 ₹7,000
Retail (Max) 28 14000 ₹196,000
Lot Size Calculator

About Ammana Bio Pharma Limited

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 (Ammana Bio IPO Objectives)

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 Subscription Status (Bidding Detail)

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

CategorySubscription (times)

Ammana Bio IPO Prospectus

Ammana Bio IPO Rating

43
3.1
Rating:Rated 3.1 stars
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Ammana Bio Pharma Limited Contact Details

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

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Ammana Bio IPO - Buy or Not

Ammana Bio IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 0
Members 0 0 0

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Ammana Bio IPO FAQs

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 share. The minimum order quantity is 500 Shares.

The IPO opens on March 28, 2007, and closes on April 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 March 28, 2007 and closes on April 5, 2007.

Ammana Bio IPO lot size is 500 Shares, and the minimum amount required is ₹7,000.

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, Nuvama, 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.

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

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28 Comments

28. tanushri |   Link |  Bookmark |June 15, 2007 6:59:46 PM
write to registrar or SEBI if you have not recieved the refund.
27. ankit |   Link |  Bookmark |June 12, 2007 9:46:30 PM
hi can u please when will i get the money back??? its already bin more than 2 months..
please guide
26. venkat |   Link |  Bookmark |May 21, 2007 9:13:41 PM
Hi,

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

Plese help.
25. RaviG |   Link |  Bookmark |April 18, 2007 5:45:33 PM
As very much expected the same result, this IPO is cancelled.
24. amitkumararora |   Link |  Bookmark |April 8, 2007 11:06:44 PM
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 |   Link |  Bookmark |April 6, 2007 7:57:46 PM
aviod this ipo.buy Lawreshwar IPO which is currently avialable at 11.it definately touch 19+
22. vinoth |   Link |  Bookmark |April 5, 2007 9:42:35 AM
Yes
Defintely listing gain will be there
21. hari |   Link |  Bookmark |April 5, 2007 9:40:10 AM
What is the listing price

shall we apply
20. GOVIND |   Link |  Bookmark |April 4, 2007 11:06:03 PM
bet on it. this ipo will be cancelled.
19. manish |   Link |  Bookmark |April 4, 2007 10:49:22 PM
attn:tanushre....what happen to you??why put buy call on this ipo
18. Rohit Chaube |   Link |  Bookmark |April 3, 2007 11:22:15 PM
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 |   Link |  Bookmark |April 1, 2007 9:36:24 PM
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 |   Link |  Bookmark |March 31, 2007 8:08:30 PM
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 |   Link |  Bookmark |March 30, 2007 4:52:36 PM
i dont think this will run for long time
14. BAPI ROY |   Link |  Bookmark |March 30, 2007 12:05:36 AM
Apply for long term. Investment should fetch 100% returns over a years time. BEST OF LUCK.
13. Kamal |   Link |  Bookmark |March 29, 2007 7:40:41 PM
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 |   Link |  Bookmark |March 29, 2007 3:07:18 PM
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 |   Link |  Bookmark |March 28, 2007 6:47:14 PM
good ipo.available at cheap rate.my recommendation apply
10. Kamal |   Link |  Bookmark |March 27, 2007 3:06:50 PM
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 |   Link |  Bookmark |March 26, 2007 11:14:36 AM
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