Ambani Organics IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Nov 15, 2022Ambani 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.
- Issue Price of this IPO is Rs 66. Check the Live Share Price here Ambani Organics Share Price
- To track the performance of this IPO, click on this link – IPO Performance
AMBANI ORGANICS IPO Review & Ratings
| Ambani Organics IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of AMBANI ORGANICS IPO
Ambani 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 1 | X |
| Day 2 | X |
| Day 3 | X |
| 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.
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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-18 | 31-Mar-17 | |
| Total Assets | 4,772.65 | 3,829.78 |
| Total Revenue | 6,558.15 | 5,289.85 |
| Total Expense | 6,336.17 | 5153.25 |
| Profit After Tax | 191.35 | 79.96 |
Earnings per Equity Share (in Lakh)
| 2018 | 2017 | |
| Basic | 5.02 | 2.10 |
| Diluted | 5.02 | 2.10 |
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 Company | The Issue comprises a Net Issue to Public of up to 13, 68,000 Equity Shares of ₹ 10 each. |
| Of which: | |
| Market Maker Reservation Portion | Up 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 Lakh | 6, 48,000 Equity Shares having face value of Rs.10.00 each. |
| Non-Retail Investors Portion Above 2 Lakh | 6, 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.
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. | |
| 2018 | 5.02 |
| 2017 | 2.10 |
- Return on Net Worth:
| Period | RONW (%) |
| 31-Mar-18 | 30.55 |
| 31-Mar-17 | 20.07 |
- Net Asset Value
| Financial Year | Standalone | Consolidated |
| 31-Mar-18 | Rs.15.66 | Rs.15.45 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 33.2 |
| Highest | 211.5 |
| Lowest | 7.0 |
- Comparison of Accounting Ratios with Peer Group Companies:
| Name of the Company | Face Value | P/E | EPS (Rs.) | RoNW % | NAV per Share Rs. |
| Nikhil Adhesives Limited | 10 | 45.88 | 5.23 | 12.0 | 46.1 |
| AMBANI ORGANICS Limited | 10 | . | 4.7 | 30.5 | 15.6 |
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: 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 |
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: info@unisec.in 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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
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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