AMBO Agritech Limited

Company Profile
Company Name AMBO Agritech Limited
Open Date 21-11-2022
Close Date 24-11-2022
Exchange BSE SME
Lot Size 4000 Shares
Issue Price ₹30 per share
Issue Size 34,00,000 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Neutral
Company was formed in the year 1994 and is primarily engaged in the business of manufacturing of Biscuits, outsourced manufacturing of Edible Oils, Vanaspati and Bengali Specialty Products. Company’s manufacturing plant for biscuits is situated at Mangalpur Industrial Estate, Raniganj in the state of West Bengal, India. Company manufactures Edible Oils that is Refined Rice Bran Oil, Refined Soyabean Oil, Refined Palm Oil, Mustard Oil, Vanaspati etc. on outsourced model through third parties on Job Contract basis. Ambo Agritech products are sold under the brand names 'Happy Bites' for Biscuits, 'Happy Heart' for Edible Oil, 'Ambo Gold' & 'Vanaspati 2000' for Vanaspati, and 'Max Health' for Bengali Specialty Products.
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Summary of Financials (All financials in Lakh)

For the Period Ended Jun-22 Mar-22 Mar-21
Total Assets 2,629.73 2,553.75 2,212.42
Net Assets 420.40 370.82 251.55
Total Borrowings 1,153.55 1,153.55 1,003.01
Total Revenue 1,621.39 9,485.54 4,717.31
Profit After Tax 49.58 119.27 19.11

Tentative Timeline

Opening Date 21-11-2022
Closing Date 24-11-2022
Basis of Allotment 29-11-2022
Initiation of Refunds 30-11-2022
Credit of Shares to Demat 01-12-2022
Listing Date 02-12-2022

Objects of the Issue

To meet the working capital requirements
To meet the Issue Expenses
General Corporate Purposes

Contact Information

Registered Office AMBO Agritec Ltd 3, Pretoria Street, Chandrakunj Building, 2nd Floor, Kolkata – 700071
Phone 91 98310 74747

Registrar Details

Name Cameo Corporate Services Limited
Phone 91-44-28460390

IPO Reservation

Market Maker Shares Offered 1,72,000 (5.06%)
Other Shares Offered 16,14,000 (47.47%)
Retail Shares Offered 16,14,000 (47.47%)
Total Shares Offered 34,00,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 94.96%
Share Holding Post Issue (Promoters) 60.60%

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