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

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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
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Fresh issue size INR50 crore
Investment in wholly owned subsidiary Advanced Enzymes USA for repayment / pre-payment of loans INR40 crore
General corporate purposes
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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
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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
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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

Articles about Advanced Enzyme

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: [email protected]
Website: www.advancedenzymes.com

What we are reading

IIFL: Interview with Chandrakant Laxminarayan Rathi, Promoter and Managing Director, Advanced Enzyme Technologies

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: [email protected]
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

30 COMMENTS

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

    • 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.

        • 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?

  10. 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.

  12. 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

    • 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

  16. 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.

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

  18. 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.

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

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