Upcoming IPO Ambani Organics IPO and Ambani Organics IPO Allotment Status

Upcoming IPO Ambani Organics IPO and Ambani Organics IPO Allotment Status

In the list of upcoming IPO Ambani Organics Limited is planning to launch IPO (Initial Public Offering). The tentative size of the upcoming IPO i.e. Ambani Organics IPO is of Rs 9.03 crore. Issue price of Ambani Organics IPO might be Rs 66 per equity shares. Upcoming IPO i.e. Ambani Organics IPO will open on 6 July, 2018 and close on 10 July, 2018. Ambani Organics IPO is Fixed Price Issue IPO.

  • Ambani Organics Limited is engaged in the business of specialty chemicals.

Upcoming IPO Ambani Organics IPO and Ambani Organics IPO Allotment Status

  1. Company Profile of Ambani Organics Limited:

  • Ambani Organics Limited was established as Private limited company on 8 July, 1985; under the provision of companies Act 1956 at Mumbai, Maharashtra.
  • At the time of incorporation the name of the company was ““Specialty Coatings Private Limited”. But on 8 July, 1987 the name of the company was changed to ““Ambani Organics Private Limited”.
  • On 30 December, 2017 the company was converted into Public limited company and the name of the company was also changed to “Ambani Organics Limited”.
  • Ambani Organics Limited is based in Mumbai, Maharashtra.
  • Ambani Organics Limited is engaged in the business of specialty chemicals.
  • Ambani Organics Limited does the development and manufacturing of cost-effective, eco-friendly, efficient and high-performance specialty chemicals.
  • Those specialty chemical are used Paper Industry, Paint Industry, Textile industry, carpet Industry, Adhesive Industry etc.
  • Ambani Organics is an “ISO 9001:2015 – Quality Management System” certified company and has also obtained GOTS (Global Organic Textiles Standards) certification for some of its textile industries chemicals.
  • Ambani Organics Limited has 2 (two) manufacturing facilities in Thane located adjacent to each other. It also has a dedicated in-house Research & Development and Quality Assurance/Quality Control Team which undertakes rigorous testing and quality management. The R&D Centre is located at MIDC Tarapur, Boisar, Thane.
  • The company has 80 permanent employees on its payroll.
  1. Objective of the Ambani Organics IPO:

Ambani Organics IPO comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder. The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder.

The Objects of the Fresh Issue is to raise funds for:

  • Funding Long-Term Working Capital Requirement; and
  • Funding expenditure for General Corporate Purposes
  1. Issue details of Ambani Organics IPO:

  • Issue Open: Jul 6, 2018
  • Issue Close: Jul 10, 2018
  • Issue Type: Fixed Price Issue IPO
  • Issue Size:1,368,000 Equity Shares of Rs 10 aggregating up to Rs 9.03 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 66 Per Equity Share
  • Market Lot: 2000 Shares
  • Minimum Order Quantity: 2000 Shares
  • Listing At: NSE SME
  1. Consolidated Financial Summary of Ambani Organics Limited:

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Mar-1831-Mar-17
Total Assets4,772.653,829.78
Total Revenue6,558.155,289.85
Profit After Tax191.3579.96
  1. Utilization of Fund:

Sr.No.ParticularsAmount (Rs in crore)
1.Working Capital Requirements7.24
2.General Corporate expenses0.58
Net Proceeds7.83 cr
  1. Promoter of the Company:

There are two promoters of the company. They are listed below.

  • Rakesh Shah
  • Apooni Shah
  1. Ambani Organics IPO Prospectus :

DRHP

  1. Strength of the Company:

  • Diversified product portfolio catering to customers from varied industries.
  • Strong R&D capability with focus on innovation and continuous improvements.
  • Experienced Management and well trained Employee Base.
  • Established Marketing Setup and Diversified Customer Base.
  • Fully Integrated Manufacturing Facilities
  1. Strategies of the Company:

  • Augment our fund based capacities in order to scale up business operation
  • Focus on consistently meeting quality standards
  • Leveraging our Market skills and Relationships
  • Increasing Operational efficiency
  • Increase our geographical reach
  • High productivity / Operational Excellence
  1. Ambani Organics IPO Allotment Status:

To check click @ IPO  Allotment Status

  1. Lead manger to the Issue:

ARYAMAN FINANCIAL SERVICES LIMITED 60,

Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg,

 Fort, Mumbai – 400 001, Maharashtra Tel No.: +91 – 22 – 6216 6999

 Fax No.: +91 – 22 – 2263 0434 Email: ipo@afsl.co.in

Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in

 Contact Person: Mr. Chaitanya Hiregange / Mr. Sumit Gupta

SEBI Registration No.: INM000011344

  1. Registrar to the Ambani Organics IPO :

UNIVERSAL CAPITAL SECURITIES PRIVATE LIMITED

21, 25, 33, Shakil Niwas, Opposite Satya Sai Baba Mandir,

 Mahakali Caves Road, Seepz, Andheri (East), Mumbai- 400093,

 Maharashtra Tel No.: +91 – 22 – 2820 7203 / 04 / 05;

Fax No.: +91 – 22 – 2820 7207; Email: info@unisec.in

Website: www.unisec.in Contact Person: Mr. Ravindra Utekar

SEBI Registration No.: INR000004082

Visit Sharpcareerfinancialupates to get latest updates on Upcoming IPO 2018.

Add a Comment

Your email address will not be published. Required fields are marked *