IPO Issue Details
Issue Price / Price Band₹66 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size13,68,000 shares (aggregating up to ₹9.03 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 06 Jul 2018
Subscription CloseTue, 10 Jul 2018
Anchor AllotmentThu, 05 Jul 2018
Basis of AllotmentMon, 16 Jul 2018
Initiation of RefundsTue, 17 Jul 2018
Credit of Shares to DematTue, 17 Jul 2018
Listing DateWed, 18 Jul 2018
UPI Mandate Deadline2018-07-10
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 2,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 4,000 shares
Net Offer to Public12,96,000 shares (aggregating up to ₹8.55 Cr)
Reserved for Market Maker72,000 shares (aggregating up to ₹0.4752 Cr)
Pre-IPO Promoter Holding38,10,659 shares
Post-IPO Promoter Holding50,78,659 shares
Fresh Issue Shares11,96,000 shares (aggregating up to ₹7.89 Cr)
Offer for Sale Shares1,00,000 shares of ₹10 (aggregating up to ₹0.6600 Cr)
About Ambani Organics Ltd.
Incorporated in 1985, Thane, Maharashtra based Ambani Organics Limited is a company engaged in the business of specialty chemicals. The company is a manufacturer, processor, importer, supplier, and exporter of water-based specialty chemicals used in 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.The Company 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.
Objects of the Issue
Ambani Organics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding Long Term Working Capital Requirement
7.24
2
2 Expenditure for General Corporate Purposes
0.59
Shareholding & Lock-in
Pre-IPO Promoter Holding
38,10,659 shares
Post-IPO Promoter Holding
50,78,659 shares