Ambani Organics IPO – Review, Allotment Status, Subscription, Price, Date & more

Ambani Organics IPO is releasing on 6th July 2018. Ambani Organics Limited 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.

Let’s have a detailed review of the company and analytics of the Ambani Organics IPO release date, IPO offer price, subscription, Ambani Organics IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


AMBANI ORGANICS IPO Review & Ratings

Ambani Organics IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of AMBANI ORGANICS IPO

Ambani Organics IPOAmbani Organics Limited is a part of the specialty chemicals industry which is one of the fastest growing manufacturing sectors in India. Specialty chemicals have penetrated in industries such as packaging, agriculture, healthcare, aerospace, electronics, automotive, consumer goods and other industries.

The Issue comprises of a Public Issue of 13, 68,000 Equity shares of face value of Rs.10.00 each.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statement:

The restated standalone revenue for the past three years were ₹ 3,273.26 lakhs, ₹ 5,235.74 lakhs and ₹ 6529.51 lakhs for the Financial Years 2015-16, 2016-17 and 2017-18 respectively.

The restated standalone net profits increased from ₹ (38.89) lakhs to ₹ 83.17 lakhs to ₹ 182.30 lakhs for the periods 2015-16, 2016-17 and 2017-18 respectively During the financial year 2016-17 the Other Income of our company increased to Rs. 6.53 Lakhs as against Rs. 0.71 Lakhs for the financial year 2015-16, representing increase by 814.91% due to increase in interest income & insurance claim in FY 2016- 17.

  • Company’s Net Profit after tax for the year 2016-17 is Rs. 79.96 Lacs and for the year 2017-18 it is 191.35 showing an increase of 68.52% from last year, showing remarkable performance.

The Promoter of this company is Mr. Rakesh Shah and Mrs. Apooni Shah. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED and the Registrar to this issue is UNIVERSAL CAPITAL SECURITIES PRIVATE LIMITED.


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AMBANI ORGANICS IPO Date

The opening date of this IPO is 6th July 2018 & Closing date is 10th July 2018


AMBANI ORGANICS IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


AMBANI ORGANICS IPO Allotment Status

The issue and the Net Issue constitutes up to 26.94% and up to 25.52%, respectively for the of the post issue paid up equity share capital of the company.


Ambani Organics IPO Price Band

The issue price is Rs 66 Per Equity Share.


AMBANI ORGANICS IPO Issue Size

The Issue size of this IPO is 1,368,000 Equity Shares of Rs 10 aggregating up to Rs 9.03 Cr.


AMBANI ORGANICS IPO Equity Share Offer

The Issue comprises of a Public Issue of 1,36,8000 Equity shares of face value of Rs.10.00 each.



AMBANI ORGANICS Limited – Company Overview

Ambani Organics Limited was incorporated as “Speciality Coatings Private Limited” on July 08, 1985, under the Companies Act, 1956 with the Registrar of Companies, Mumbai at Maharashtra. The name of the Company was changed to “Ambani Organics Private Limited” vide a special resolution passed on July 08, 1987.

Ambani Organics Limited is a manufacturer, processor, importer, supplier and exporter of water based speciality chemicals used in Paper Industry, Paint Industry, Textile Industry, Carpet Industry, Adhesive Industry, etc. It was incorporated in the year 1985 and is engaged in the business of specialty chemicals for more than 3 (three) decades.

Competitive Strengths of AMBANI ORGANICS Limited:

This company has entered in diversified range of products on the basis of demand and supply in the market. With the government’s thrust on electrification and infrastructural developments, the company has also continuously increased the production capacity.

  • 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
  • Strategic Location of Manufacturing Facility, R&D Facility and Storage Units
  • Awards, Certifications and Membership

Business strategies of AMBANI ORGANICS Limited:

  • Augmenting fund based capacities in order to scale up business operation.
  • Focussing on consistently meeting quality standards.
  • Leveraging their Market skills and Relationships.
  • Increasing Operational efficiency.
  • Increasing its geographical reach.
  • High productivity / Operational Excellence.

AMBANI ORGANICS Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

31-Mar-1831-Mar-17
Total Assets4,772.653,829.78
Total Revenue6,558.155,289.85
Total Expense6,336.175153.25
Profit After Tax191.3579.96

Earnings per Equity Share (in Lakh)

20182017
Basic5.022.10
Diluted5.022.10

From the above statements, one could find that the AMBANI ORGANICS Limited may perform well.


AMBANI ORGANICS IPO – Promoters                                 

Promoters of the Company are Mr. Rakesh Shah and Mrs. Apooni Shah.

Interest in promotion of the Company

The Managing Director Mr. Rakesh Shah and Mrs. Apooni Shah may be deemed to be interested to the extent of being Promoter of the company. He may also be deemed to be interested to the extent of any dividend payable to
him and other distributions in respect of the Equity Shares held by them.
The Directors may be deemed to be interested to the extent of remuneration paid to them for services rendered as a Director of the Company and reimbursement of expenses payable to them. The Directors may also be interested to the extent of Equity Shares, if any, held by them or held by the entities in which they are associated as promoters, directors, partners, proprietors or trustees or held by their relatives or that may be subscribed by or allotted to the companies, firms, ventures, trusts in which they are interested as promoters, directors, partners,
proprietors, members or trustees, pursuant to the Issue.

Property Interest

The Directors have not entered into any contract, agreement or arrangements within a period of two years preceding the date of this draft Prospectus in which the Directors are interested directly or indirectly and no payments have been made to them in respect of these contracts, agreements or arrangements or are proposed to be made to them.


AMBANI ORGANICS IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
Issue of Equity Shares by the CompanyThe Issue comprises a Net Issue to Public of up to 13, 68,000 Equity Shares of ₹ 10 each.
 Of which:
Market Maker Reservation PortionUp to 72,000 Equity Shares of ₹ 10 each for subscription by the designated Market Maker.
 Net Issue to the Public 12, 96,000 Equity Shares having face value of Rs.10.00 each.
 Of which:
 Retail Investors Portion up to 2 Lakh6, 48,000 Equity Shares having face value of Rs.10.00 each.
 Non-Retail Investors Portion Above 2 Lakh6, 48,000 Equity Shares of Rs.10.00 each.

AMBANI ORGANICS IPO Issue Object

The Issue comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholder.

  • To meet general Corporate Purpose.
  • To fund Long Term Working Capital Requirement.

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AMBANI ORGANICS IPO – Basis of the Offer Price

The Issue Price has been determined by the Company in consultation with the Lead Manager on the basis of the key business strengths. The face value of the Equity Shares is ₹ 10.

Qualitative factors

  • 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 Facility
  • Strategic Location of Manufacturing Unit, R&D Facility and Storage cum allied activity Units

 The relevant quantitative factors are:

For FY 2016-17

Year ended in Mar-31,Basic & Diluted
EPS in Rs.
20185.02
20172.10
  •  Return on Net Worth:
PeriodRONW (%)
31-Mar-1830.55
31-Mar-1720.07
  • Net Asset Value
Financial YearStandaloneConsolidated
31-Mar-18Rs.15.66Rs.15.45
  • Industry P/E Ratio:
ParticularsP/E ratio
Average33.2
Highest211.5
Lowest7.0
  • Comparison of Accounting Ratios with Peer Group Companies:
Name of the CompanyFace ValueP/EEPS (Rs.)RoNW %NAV per Share Rs.
Nikhil Adhesives Limited1045.885.2312.046.1
AMBANI ORGANICS  Limited10.4.730.515.6

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AMBANI ORGANICS IPO Lead Managers

Lead Managers
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:
Website: www.afsl.co.in
Investor Grievance Email:
Contact Person: Mr. Chaitanya Hiregange / Mr. Sumit Gupta
SEBI Registration No.: INM000011344

AMBANI ORGANICS IPO Registrar to offer

Registrar to the Offer
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:
Website: www.unisec.in
Contact Person: Mr. Ravindra Utekar
SEBI Registration No.: INR000004082

Other Details:

  • Legal Counsel to the Issue – M/s. KANGA & COMPANY (ADVOCATES & SOLICITORS)
  • Statutory Auditor – M/S. SHAMBHU GUPTA & CO., CHARTERED ACCOUNTANTS

AMBANI ORGANICS Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

 


AMBANI ORGANICS IPO Grey Market Premium

The AMBANI ORGANICS Limited IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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AMBANI ORGANICS IPO News

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