Ambey Labs IPO booked 30 times on Day 2 led by strong retail demand

Ambey Labs IPO (Ambey Laboratories Limited) witnessed strong demand across investor categories on Friday, the second day of the subscription. As per the NSE data, the issue was subscribed over 30 times as of 1:15 p.m. on July 5.

Investors placed over 12.24 crore shares compared to 40.42 lakh shares on offer, leading to a subscription of 30.3 times on the second day of bidding.

Retail investors placed bids for more than 10.1 crore shares compared to 21.84 lakh shares set aside for the category, leading to a subscription of 46.28 times.

Qualified Institutional Buyers (QIBs) placed bids for 5.14 lakh shares compared to 12.52 lakh shares. The issue was booked 41% in the QIB category on the second day of bidding.

Non Institutional Investors(NIIs) placed bids for 2.08 crore shares against the 6.06 shares reserved for the category. The NIIs’ segment was subscribed 34.48 times.

To know more and apply for Ambey Labs IPO, CLICK HERE

Ambey Labs IPO: Price band, offer size and minimum investment

Agrochemical products maker Ambey Labs’ public issue is valued at ₹44.68 crore. The book-built issue comprises a fresh issue of 62.58 lakh shares aggregating to ₹42.55 crore in combination with an offer for sale of 3.12 lakh shares aimed at raising ₹2.12 crore.

Ambey Labs IPO price band has been fixed at ₹65 to ₹68 per share.

Retail investors interested in bidding for Ambey Labs IPO can place bids in a minimum lot size of 2,000 shares, which aggregates to an investment of ₹1,36,000. The minimum lot size for High Net Worth Individuals (HNIs) is 2 lots comprising 4,000 shares, aggregating to an application size of ₹2,72,000.

Ambey Labs IPO dates

The subscription window for Ambey Labs IPO opened on Thursday, July 4. The bidding process will close on Monday, July 8. The share allotment status of Ambey Labs IPO is likely to be finalised by July 9. Refunds will be issued for unsuccessful bidders and successful bidders will receive shares of Ambey Labs in their Demat accounts on July 10.

The tentative listing date for Ambey Labs’ shares is Thursday, July 11. Shares of the agrochemical products maker will be listed on the NSE SME platform.

Ambey Labs IPO Financials

Ambey Labs revenue for the nine-month period ended January 31, 2024, stood at ₹100.43 crore. The company’s profit after tax (PAT) stood at ₹6.07 crore in the same period. The agrochemical product maker’s net worth for the nine-month period stood at ₹34.31 crore.

Ambey Labs revenue for the fiscal year ended March 31, 2023, grew 26% to ₹107.43 crore compared to ₹85.11 crore in the year ended March 31, 2022. The agrochemical company’s PAT rose nearly 28% to ₹4.56 crore compared to ₹3.57 crore in the preceding fiscal. The company’s net worth for FY23 grew 24% to ₹23.63 crore compared to ₹19.06 crore in FY22.

Ambey Labs Promoters

The promoters of Ambey Labs IPO are Archit Gupta, Arpit Gupta, Sarina Gupta, and Rishita Gupta. Before the issue, the promoters held a 94.97% stake in the company. Their shareholding will reduce to 69.90% after the public issue.

Ambey Labs IPO registrar

The book-running lead manager for Ambey Laboratories IPO is Fast Track Finsec Pvt Ltd. The registrar for Ambey Labs IPO is Link Intime India Private Ltd the market maker is Nikunj Stock Brokers.

Ambey Labs IPO: Objective

Ambey Labs plans to use the proceeds of the public issue to meet working capital requirements. The money raised will also be used to fulfill general corporate purposes and issue-related expenses.

About Ambey Labs

Ambey Laboratories, incorporated in 1985, has been serving the agrochemical industry for nearly four decades. The company manufactures and supplies 2, 4-D base chemicals. Its manufacturing facility is located in Behror, Rajasthan. As of October 31, 2023, the company employed 220 people in various departments.

To know more about IPOs listing, schedule and upcoming IPOs, click here