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Ambey Laboratories IPO: Agrochemical products shaper Ambey Laboratories Ltd is acceptable to motorboat its archetypal nationalist offering (IPO) successful the superior marketplace this week. Ambey Laboratories IPO volition unfastened for subscription connected July 4 and adjacent connected July 8.
Ambey Laboratories IPO terms set has been fixed astatine ₹65 - ₹68 per share. Ambey Laboratories IPO is an SME IPO wherein the institution plans to rise ₹44.68 crore astatine the upper-end of the terms band.
The IPO comprises a caller contented of 62.58 lakh equity shares aggregating to ₹42.56 crore and an offer-for-sale (OFS) constituent of 3.12 lakh shares worthy ₹2.12 crore.
For retail investors, Ambey Laboratories IPO batch size is 2,000 shares and the minimum concern magnitude required is ₹136,000.
Ambey Laboratories IPO allotment is expected to beryllium finalised connected July 9 and the IPO listing day is July 11. The shares of Ambey Laboratories volition beryllium listed connected NSE SME Emerge.
Fast Track Finsec Pvt. Ltd is the pb manager to the Ambey Laboratories IPO and Link Intime India Pvt. Ltd. is the IPO registrar.
Archit Gupta, Arpit Gupta, Sarina Gupta, and Rishita Gupta are the promoters of Ambey Laboratories Ltd. The promoter holding successful the institution presently stands astatine 94.97%, which volition get diluted to 69.08% aft the IPO.
The institution proposes to utilise the caller contented funds for gathering the moving superior requirements of the ongoing business. A tiny portion of the IPO proceeds has besides been acceptable speech for wide firm purposes.
Ambey Laboratories was incorporated successful 1985 and manufactures agrochemical products for harvest protection. It has a manufacturing installation successful Behror, Rajasthan. Presently the institution manufactures 2,4-D Acid 98% TC, 2,4-D Sodium 95% SP 2,4-D Amine 866 and different specialized agro-chemicals.
In FY23, Ambey Laboratories reported a nett net of ₹4.56 crore and gross of ₹107.43 crore. Its nett for the 10 months ended January 2024 was astatine ₹6.07 crore, portion its gross for the play was ₹100.43 crore.
Ambey Laboratories IPO GMP
Ambey Laboratories shares are commanding a decent premium successful the unlisted market. Ambey Laboratories IPO GMP today, oregon grey marketplace premium contiguous is ₹22 per share, according to banal marketplace observers. This indicates that Ambey Laboratories shares were trading astatine ₹90 apiece successful the grey market, a premium of 32.35% to the IPO terms of ₹68 per share.
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