PNN
Mumbai (Maharashtra) [India], July 3: Ambey Laboratories Limited, an agrochemicals manufacturer, has announced its plan to go public with an Initial Public Offering on July 3, 2024 (for Anchor Investor) and July 2024 (for other than Anchor Investor). The company aims to raise Rs 44.67 crore in the upper price band through this IPO, and the shares will be listed on NSE Emerge.
The issue size is up to 65,70,000 equity shares at a face value of Rs 10 each.
Share Allocation
*QIB anchor portion: up to 18,72,000 equity shares
*Qualified Institutional Buyers (QIB): Up to 12,48,000 equity shares
* Non-institutional investors: up to 9,36,000 equity shares
* Retail Individual Investors (RII): Up to 21,84,000 shares
* Market Maker: Up to 3,30,000 equity shares
The net proceeds from the IPO will be used to fund the working capital requirements of the Company and to meet general corporate purposes.
The lead manager of the issue is Fast Track Finsec Private Limited. The registrar of the issue is Link Intime India Private Limited.
Archit Gupta, CEO, Ambey Laboratories Limited, said: "We are marking an important milestone in our growth journey, showcasing our strong belief in competition and our company's commitment to seize new opportunities to strengthen our market position. With With two decades of experience and advanced technology, we are dedicated to providing a diverse range of products to key market players both locally and globally. This decision marks a pivotal moment for us, enhancing our position and corporate recognition. numerous benefits and will ultimately add significant value to our company as a whole.”
Vikas Verma, Director, Fast Track Finsec Private Limited, said, "I welcome the upcoming IPO of AmbeyLaboratories Limited. The company has consistently demonstrated remarkable resilience and adaptability in the agrochemical sector. Its various operations, including manufacturing and distribution of a wide range of agrochemical products, show their strategic skill and commitment to meeting the demands of the industry. Their commitment to innovation and sustainability makes them an attractive investment opportunity.
Mumbai (Maharashtra) [India], July 3: Ambey Laboratories Limited, an agrochemicals manufacturer, has announced its plan to go public with an Initial Public Offering on July 3, 2024 (for Anchor Investor) and July 2024 (for other than Anchor Investor). The company aims to raise Rs 44.67 crore in the upper price band through this IPO, and the shares will be listed on NSE Emerge.
The issue size is up to 65,70,000 equity shares at a face value of Rs 10 each.
Share Allocation
*QIB anchor portion: up to 18,72,000 equity shares
*Qualified Institutional Buyers (QIB): Up to 12,48,000 equity shares
* Non-institutional investors: up to 9,36,000 equity shares
* Retail Individual Investors (RII): Up to 21,84,000 shares
* Market Maker: Up to 3,30,000 equity shares
The net proceeds from the IPO will be used to fund the working capital requirements of the Company and to meet general corporate purposes.
The lead manager of the issue is Fast Track Finsec Private Limited. The registrar of the issue is Link Intime India Private Limited.
Archit Gupta, CEO, Ambey Laboratories Limited, said: "We are marking an important milestone in our growth journey, showcasing our strong belief in competition and our company's commitment to seize new opportunities to strengthen our market position. With With two decades of experience and advanced technology, we are dedicated to providing a diverse range of products to key market players both locally and globally. This decision marks a pivotal moment for us, enhancing our position and corporate recognition. numerous benefits and will ultimately add significant value to our company as a whole.”
Vikas Verma, Director, Fast Track Finsec Private Limited, said, "I welcome the upcoming IPO of AmbeyLaboratories Limited. The company has consistently demonstrated remarkable resilience and adaptability in the agrochemical sector. Its various operations, including manufacturing and distribution of a wide range of agrochemical products, show their strategic skill and commitment to meeting the demands of the industry. Their commitment to innovation and sustainability makes them an attractive investment opportunity.
