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Incorporated in 1969, Aries Agro Limited is in the business of manufacturing of micronutrients and other nutritional products for plants and animals.
Aries Agro Limited have wide range of products spread across 5 main categories namely, Multi-micro nutrient fertilizers, Chelated micro nutrient fertilizers, Specialty soluble fertilizers, Anti-bacterial products for agricultural use and Nutritional products for animals. These categories can be grouped under 3 segments namely, plant nutrients, insecticides and veterinary products.
Aries Agro Limited manufacturing facilities are located at Bangalore, Mumbai, Hyderabad and Kolkata. They have distribution network with 25 branches spread across all over India. Aries Agro Limited have been awarded with Quality Management System Standard ISO 9001:2000 from Kvalitet Veritas Quality Assurance.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Setting up of new manufacturing units at Ahmedabad, Lucknow, Hyderabad and an additional unit in Maharashtra;
2. To purchase Plant & Machinery at existing Factory in Mumbai;
3. For Capital expenditure on Mobile marketing;
4. Investment in Golden Harvest Middle East (FZC), UAE;
5. To meet General Corporate Expenses;
6. To meet the long term working capital requirements of the Company.
| IPO Opening Date | Dec 14, 2007 |
| IPO Closing Date | Dec 19, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹120 to ₹130 per equity share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
| Issue Size | 4,500,000 Eq Shares of ₹10 (aggregating up to ₹58.50 Cr) |
The Aries Agro IPO market lot size is 50 shares. A retail-individual investor can apply for up to 30 lots (1500 shares or ₹195,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 50 | ₹6,500 |
| Maximum | 30 | 1500 | ₹195,000 |
The Aries Agro IPO is subscribed 7.62 times on Dec 19, 2007 17:00. The public issue subscribed 6.46 in the retail category, 8.16 in the QIB category, and 8.51 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Friday, January 11, 2008 |
| BSE Script Code | 532935 |
| NSE Symbol | ARIES |
| Listing In | B1 Group of Securities |
| ISIN | INE298I01015 |
| IPO Price | ₹130 per equity share |
| Face Value | ₹10 per equity share |
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Aries Agro Limited
Aries House,
Plot No.24, Deonar,
Govandi (East), Mumbai 400043, India
Phone: +91-22-25564052/53
Email: investorrelations@ariesagro.com
Website: http://www.ariesagro.com
Aarthi Consultants Pvt Ltd.
Phone: +91-40-27638111
Email: aries@aarthiconsultants.com
Website: http://www.aarthiconsultants.in/
Aries Agro IPO is a main-board IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹58.50 Crores. The issue is priced at ₹120 to ₹130 per equity share. The minimum order quantity is 50 Shares.
The IPO opens on Dec 14, 2007, and closes on Dec 19, 2007.
Aarthi Consultants Pvt Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Aries Agro IPO opens on Dec 14, 2007 and closes on Dec 19, 2007.
Aries Agro IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
You can apply in Aries Agro 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 Aries Agro IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aries Agro IPO allotment status.
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