IPO Details
Bidding Dates
04 Jul 24 - 08 Jul 24
Price Range ₹
65 - 68
Total Equity
₹ 44.68Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
04 Jul 2024
Offer end
08 Jul 2024
Allotment
09 Jul 2024
Refund initiation
10 Jul 2024
Demat transfer
10 Jul 2024
Listing
11 Jul 2024
Offer start
04 Jul 2024
Offer end
08 Jul 2024
Allotment
09 Jul 2024
Refund initiation
10 Jul 2024
Demat transfer
10 Jul 2024
Listing
11 Jul 2024
About Company
Ambey Laboratories, established in 1985, specializes in manufacturing agrochemical products for crop protection. With nearly four decades of experience in the agrochemical sector, the company produces and supplies 2,4-D base chemicals. The manufacturing facility, located in Behror, Rajasthan, holds ISO 9001:2015 certification from the Quality Research Organization and ISO 14001:2015 certification from the United Accreditation Foundation. Ambey Laboratories' product lineup includes the following: - 2,4-D Acid 98% TC - 2,4-D Sodium 95% SP - 2,4-D Amine 866 | 720 | 480g/l SL - 2,4-D Ethyl Hexyl Ester 96% TC - 2,4-D Ethyl Ester 96% TC - Chlorpyriphos 97%TC / 20%EC / 50%EC - Thiamethoxam 96%TC / 25%WG / 75%SG - Pretilachlor 95%TC / 50%EC / 37%EW - Metribuzin 97%TC / 70%WS - Hexaconazole 92%TC / 5%SC / 5%EC / 10%EC - Metalaxyl 98%TC / 35%WS The company serves a diverse customer base, including major corporations such as Aromatic Rasayan Private Limited, JR Jindal Infraprojects Private Limited, and SC Formulator Co. Ltd. As of October 31, 2023, Ambey Laboratories employs 220 people across various departments.
Year Founded
20-03-1985
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.97 | 69.9 |
| Share Capital | 17749420 | 17437420 |
Offer to Public
65,70,000.00 Cr
Project Details
- To meet out the Working Capital requirements - 309.32cr
Objectives
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes
- andTo meet out the Issue Expenses.
Highlights
- The company boasts an experienced and skilled management team.
- Ambey Laboratories adheres to stringent quality assurance and standards.
- The company maintains cordial and strong relationships with its suppliers.
- Focused on improving financial performance through enhanced operational and functional efficiencies.
- The company is dedicated to backward integration for raw material manufacturing, forward integration of finished goods, increasing installed capacity, leveraging market skills and leadership in 2,4-D, and expanding the customer base while increasing wallet share with existing customers.
Challenges
- Several key properties, including the company's registered office, are not owned by Ambey Laboratories. Failure to renew or termination of lease/rent agreements could disrupt company operations.
- The Rajasthan State Pollution Control Board has directed the company to pay Rs.1,92,02,400 as environmental compensation, indicating potential regulatory challenges and financial liabilities.
- The use of hazardous, corrosive, and flammable materials in production poses risks. Accidents could result in loss of life, property damage, and operational disruptions, adversely affecting financial results and cash flows.
- A significant portion of the company's revenue is dependent on a few major clients. Losing any of these clients would materially impact business operations and profitability.
- The company requires numerous approvals, licenses, registrations, and permits to operate. Failure to obtain or renew these in a timely manner, or operating without necessary permissions, could lead to civil and criminal sanctions, adversely affecting operations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 3,739.22 | 489.35 | 1,033.67 | 1,033.67 | 21.1233 |
| 2022 | 4,995.94 | 1,774.94 | 1,033.67 | 1,033.67 | 21.1233 |
| 2023 | 5,359.11 | 1,774.94 | 1,033.67 | 1,033.67 | 21.1233 |
| 2024 | 7,673.53 | 1,868.88 | 1,033.67 | 1,033.67 | 21.1233 |
