Ambey Laboratories IPO subscribed over 172 times on last day, check details

The Ambey Laboratories IPO (Ambey Laboratories Limited) subscription closed with strong demand on the final day of bidding. The agrochemicals producer's initial public offering was booked 172.58 times, with investors applying for over 69.82 crore shares compared to the 40.42 lakh shares offered.

The Non-Institutional Investor category drove the demand for Ambey Laboratories’ shares. The NSE SME IPO was booked 324.54 times in the Non-Institutional Investors’ (NIIs) category. NIIs placed bids for more than 19.66 crore shares compared to 6.06 shares reserved for the category.

Retail investors applied for over 42.34 crore shares against the 21.84 lakh shares set aside for the category. Ambey Laboratories IPO was booked 193.87 times in the retail segment.

Qualified Institutional Buyers (QIBs) placed bids for over 7.74 crore shares compared to the 12.52 lakh shares reserved for the category. The issue was subscribed 61.89 times in the QIB category.

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Ambey Laboratories IPO price band, issue size and other details

The ₹44.68-crore IPO consisted of a fresh issue of 62.58 lakh shares aggregating ₹42.55 crore and an offer for sale of 3.12 lakh shares amounting to ₹2.12 crore. Ambey Laboratories' price band was fixed at ₹65 to ₹68 per share.

The minimum lot size for retail investors to apply for the Ambey Laboratories IPO was fixed at 1 lot consisting of 2000 shares, which aggregates to an investment of ₹1,36,000.

Ambey Laboratories IPO share allotment status and listing date

The share allotment status for Ambey Laboratories IPO is likely to be finalised by Tuesday, July 9. Refunds will be initiated for unsuccessful bidders, and successful bidders will receive shares of Ambey Laboratories in their demat accounts on Wednesday, July 10. The tentative listing date for Ambey Laboratories is Thursday, July 11. Shares of Ambey Laboratories IPO will be listed on the NSE SME platform, Emerge.

About Ambey Laboratories

Ambey Laboratories, a manufacturer of agrochemical products for crop protection, was incorporated in 1985. Its manufacturing facility is located in Behror, Rajasthan.

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