Ambey Laboratories - AstroIPO

Ambey Laboratories IPO


July 2, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Ambey Laboratories Ltd., a pesticides and agrochemicals company, is launching its Initial Public Offering (IPO) from July 4 to July 8, 2024. The company aims to raise between Rs. 42.71 crore and Rs. 44.68 crore through this book-building issue.

The IPO price band is set at Rs. 65 to Rs. 68 per share, with a face value of Rs. 10. Ambey Laboratories is offering 65.70 lakh shares, and the minimum application size is 2000 shares. The maximum retail subscription allowed is Rs. 5,00,000.

After the IPO closes, Ambey Laboratories’ shares are slated to list on the National Stock Exchange (NSE) on July 11, 2024.

This offering gives a chance to add an agrochemical sector company to one’s holdings. The agricultural sector in India is large and growing, which could benefit companies like Ambey Laboratories that provide essential products for crop protection and yield improvement.

Ambey Laboratories IPO Details

IPO Size 46.68
Price Range ₹65 - ₹68
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 2000
Investment (cut-off price) ₹136,000
Pre IPO Promotor Holding 94.97%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Ambey Laboratories IPO Timelines

03/07/2024
Start Date
05/07/2024
End Date
08/07/2024
Allotment Date View Status
09/07/2024
Refund Initiation
09/07/2024
Credit of Shares to Demat Ac
10/07/2024
Listing Date

Ambey Laboratories IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹136,000
Retail Maximum 1 2000 ₹136,000
S-HNI Minimum 2 4000 ₹272,000

Ambey Laboratories IPO Subscription Status

QIB NII Retail EMP Total
61.90 x 210.26 x 195.06 x -- 160.18 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹85 ₹89.25 ₹89.25 ₹85

Ambey Laboratories IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹82.42 ₹72.01 ₹10.34
FY 2022 ₹85.11 ₹74.26 ₹3.57
FY 2023 ₹107.43 ₹96.41 ₹4.57
FY 2024 (9M) ₹100.44 ₹87.64 ₹6.08

About Company

Ambey Laboratories is a producer of agrochemical products aimed at crop protection, with a focus on producing “2, 4-D base chemicals”. The company’s manufacturing processes use technologies, such as Programmable Logic Controllers (PLC) and Supervisory Control Systems.

Currently, Ambey Laboratories’ product portfolio includes 2,4-D Acid 98% TC, 2,4-D Sodium 95% SP, 2,4-D Amine in various concentrations, 2,4-D Ethyl Hexyl Ester 96% TC, 2,4-D Ethyl Ester 96% TC, and several formulations of Chlorpyriphos, Thiamethoxam, Pretilachlor, Metribuzin, Hexaconazole, and Metalaxyl.

These products are manufactured for their clients, including corporations such as Aromatic Rasayan Private Limited, JR Jindal Infraprojects Private Limited, and SC Formulator Co. Ltd.

Incorporation Date Sector Managing Director
1985 Chemicals Arpit Gupta

Know Before Investing

Ambey Laboratories IPO Strengths

  • The company’s manufacturing unit is strategically located.
  • Quality Assurance Standards are strictly followed.
  • It has cordial relationships with suppliers.
  • Experienced promoters and management team.

Ambey Laboratories IPO Risks

  • The company requires a number of approvals, licenses, registrations and permits to run the business.
  • The business is seasonal in nature.
  • It has reported negative cash flow in the past.
  • It operates in a competitive industry.

Swot Analysis for Ambey Laboratories IPO

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

Ambey Laboratories Limited Ground Floor, Property No.555 Tarla Mohalla, Ghitorni, West Delhi New Delhi, -110030 Phone: 0124-4000788 Email: [email protected] Websitehttp://www.ambeylab.com/

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://linkintime.co.in/initial_offer/public-issues.html

Company Details

Ambey Laboratories Limited

Ground Floor, Property No.555 Tarla Mohalla,
Ghitorni, West Delhi
New Delhi, -110030

Phone: 0124-4000788

Email: [email protected]

Website: http://www.ambeylab.com/

IPO Registar Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://linkintime.co.in/initial_offer/public-issues.html

FAQs

The key objectives of Ambey Laboratories IPO are:

  • To meet out the Working Capital requirements of the Company;
  • To meet out the General Corporate Purposes; and
  • To meet out the Issue Expenses.

Fast Track Finsec Pvt Ltd. is the book-running lead managers for the Ambey Laboratories IPO.

Leave a Reply

Your email address will not be published. Required fields are marked *