Advanced Enzyme TechnologiesAdvanced Enzyme Technologies IPO

Advanced Enzyme Technologies Ltd (AETL) is the largest Indian enzyme company, engaged in the research and development, manufacturing and marketing of 400+ proprietary products developed from 60 indigenous enzymes. Advanced Enzyme is a fully integrated enzyme manufacturing company.
The company ranks among the top 15 global companies in terms of enzyme sales, and has the second highest market share domestically after Novozymes. Advanced Enzyme operates in two primary business verticals – Healthcare & Nutrition (84.7% of total revenues in FY 2015) and Bio-Processing (15.3%  of total revenues in FY2015). The company offers these products to its global clientele of more than 700 customers spanning presence across 50 countries worldwide.
Research and development has the central place in Advanced Enzyme’s business strategy and it spent 7.2% on the activity in FY2015. It has four R&D facilities in Thane, Sinnar and California. As a result of its high focus on research and development, 13 patents have been registered in its name while applications for 4 patents are pending before the relevant authorities.

Advanced Enzymes Promoters – Vasant Laxminarayan Rathi And Chandrakant Laxminarayan Rathi

Subscription Dates 20-22 July 2016
Price Band INR880 – 896 per share
Fresh Issue Size INR50 crore
Offer For Sale 4,034,470 shares
Minimum bid (lot size) 16 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On BSE, NSE
Fresh issue size INR50 crore
Investment in wholly owned subsidiary Advanced Enzymes USA for repayment / pre-payment of loans INR40 crore
General corporate purposes
Name of shareholder Equity Shares Percentage (%)
Vasant Laxminarayan Rathi 7,480,900 34.37
Chandrakant Rathi Innovations and Projects Private Limited 4,295,400 19.73
Atharva Green Ecotech LLP 2,492,940 11.45
Vasant and Prabha Rathi Generation Trust 1,500,000 6.89
Pradip Bhailal Shah 750,800 3.45
Kotak India Venture Fund I 679,900 3.12
Mukund Madhusudan Kabra 381,100 1.75
Kishor Laxminarayan Rathi 343,200 1.58
Kotak India Venture (Offshore) Fund 336,600 1.55
Rachana Rathi 325,000 1.49
Total 21,765,600 100.00

Advanced Enzyme’s consolidated financial performance (in INR crore)

  FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 174.8 224.1 240.5 224.3 294.6
Total expenses 127.2 147.9 158.7 150.5 172.1
Profit after tax 33.3 49.2 20.1 50.1 78.4

Advanced Enzyme IPO Subscription Details

Category Shares offered

Subscription (no. of times at 6 PM)

Day 1

Day 2

Day 3

QIB

 918,908

0.41 5.90  94.03
NII

 686,989

0.14 0.83  393.10
Retail

 1,602,974

1.47 4.89  11.24
Employee

25,188

0.01 0.04 1.68
Total

 3,234,059

0.88 4.27  115.80

Advanced Enzyme IPO Allotment Status

Advanced Enzyme IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://eipo.linkintime.co.in/ipo/ 
http://linkintime.co.in/ipo

Anvanced Enzyme Contact Details

Advanced Enzyme Technologies Ltd
Sun Magnetica, 5th Floor,
Near LIC Service Road, Louiswadi,
Thane 400 604

Phone: +91 22 4170 3200
Fax: +91 22 2583 5159
Email: prabal@adavancedenzymes.com
Website: www.advancedenzymes.com

Registrar of Advanced Enzyme IPO

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: mgl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Listing Performance of Advanced Enzyme IPO

IPO Opening Date: 20 July 2016

IPO Closing Date: 22 July 2016

Finalisation of Basis of Allotment: 27 July 2016

Initiation of refunds: 28 July 2016

Transfer of shares to demat accounts: 29 July 2016

Listing Date: 1 Aug 2016

Listing Price on NSE: INR1210 per share (35% return over the IPO price)

Closing Price on NSE: To be updated soon

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30 Comments on "Advanced Enzyme IPO"

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Superb listing. 35% above the alloted price, I did not get any allotment. Forum experts, does it make sense to buy now?

Shreeshail C Kamagond

I got sms today( at 16 40 hrs )that I have been alloted 16 shares.After failure of 4 previous ipos, this is my first allotment.!!! I had applied only for 16 shares this time.

Congratulations, consider yourself lucky. I have get no allotment in the last five ipos and the latest two are not interesting.

Allotment out, got nothing again. Hard luck, fourth IPO where I got no allotment from three applications.

When Company issue shares or Unblock amount,Company Write On blog that amount unblock dated 28-Jul-2016,but still no news receive from the company side.

Will Get allotment detail by today evening

Any news on allotment?

Ameya, it is mentioned above on this page. Basis of allotment finalised today but we will get to know on 28 July

IPO Opening Date: 20 July 2016
IPO Closing Date: 22 July 2016
Finalisation of Basis of Allotment: 27 July 2016
Initiation of refunds: 28 July 2016
Transfer of shares to demat accounts: 29 July 2016
Listing Date: 1 Aug 2016

Latest GMP for Advanced Enzyme steady at 350, not going up, not going down.

Kuch bhi ho GMP, I’ve stayed away from this non-veg IPO. Ths is outrageous how these companies are not required to disclose theise busienss operations

can any one get me the site of grey market premium? what is current premium of AETL?

Refer to Ankit Pradhan, I’ve noticed his GMP rates are on the spot. Look what he said about L&T Infotech.

Oversubscribed on the first day. Bhai log, some bhi koi chance nahin hai allotment ka. What are the latest grey market rates? Better to sale the application.

Don’t worry Mishraji, sabka number aayega. Bahut IPOs aane wale hai abhi.

Strong anchor book but registrar is link intime once again. I have got no allotment in the last four IPOs.

Anchor allocation out. 13,71,053 equity shares placed at Rs. 896/- per share.
http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20160719-24

What is the latest GMP and kostak rate in advanced enzyme?

Latest GMP 350-360 but kostak has fallen to 550. Advanced Enzyme ke baad RBL Bank IPO on 1 August 2016.

Ankit bhai, RBL ka IPO kaise aayega, sebi approval nahin mili hai ab tak

Don’t invest in an IPO on the basis of GMP, it can vanish very quickly. See what has happened with L&T Infotech, GMP is falling every day. Go for an IPO only if valuations are good. I have personally invested in L&T Infotech and will also put money in Advanced Enzyme but not because GMP is good. These are good companies fundamentally and not priced very high.

Very true sir but don’t you think related party transactions and loans are problems?

The loans you are talking about are offered at 3.5% interest and for around 52 crore. and these will be repaid in less than 2 yrs. I wonder what problem you see with these figures?

Price band will be 880-896. GMP is around 320 in Rajkot and Jaipur. Good IPO so getting allotment will be difficult.

What is the meaning of GMP…MAY BE PREMIUM.
Please Write Down Full Form Of GMP

Absolutely right, you rock Ankit. I’m your fan

gmp experts, kya premium, application rate chal raha hai advanced enzyme mein???

295 GMP

another good ipo but going for huge subscription…

When is this ipo opening? what is the price?

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