Incorporated in 1994, Ambo Agritec Limited is a Kolkata-based company engaged in manufacturing Biscuits and outsourced manufacturing of Edible Oils, Vanaspati, Bengali Speciality Products, trading of Crude Linseed Oil, and Soyabean Meal.
Ambo Agritec 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 Speciality Products.
The company operates in three segments:
- Manufacturing of Biscuits
- Outsourced Manufacturing of Edible Oil, Vanaspati, Bengali Speciality Products, etc. (through a third party)
- Trading of Crude Linseed Oil, Soyabean Meal, etc.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To meet the working capital requirements | ₹9 |
| 2 General Corporate Purposes | ₹1 |
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Total Assets | 2,114 | 2,212 | 2,554 |
| Revenue | 7,428 | 4,717 | 9,486 |
| PAT | 32 | 19 | 119 |
| Net Worth | 232 | 252 | 371 |
| Reserves | 58 | 77 | 196 |
| Total Borrowing | 243 | 381 | 407 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,612,000 (47%) | — |
| Retail (RII) | — | 1,616,000 (48%) | — |
| Market Maker | — | 172,000 (5%) | — |
| Total | — | 3,400,000 (100%) | — |
* Amount calculated at upper price band (₹30) · ** Total includes all investor categories
- 1 Initiation of Refund 30 Nov 2022
- 2 Credit of Shares to Demat 01 Dec 2022
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 14x reflects a strong valuation relative to typical market ranges.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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