Business description – Ambani Organics 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. The company was incorporated in the year 1985 and is engaged in the business of speciality chemicals for more than 3 (three) decades. It is an “ISO 9001:2015 – Quality Management System” certified company and has also obtained GOTS (Global Organic Textiles Standards) certification for some of its textile industries chemicals.
Over the years, it has developed good standing with customers from various industries such as Textile Auxiliaries, Acrylic Polymers, Binders and Paint Driers. The company has 2 (two) manufacturing facilities in Maharashtra located adjacent to each other with one at Plot No. N-44, MIDC, Tarapur Boisar, Thane, Maharashtra – 401506 and the second manufacturing facility at Plot No. N-43, MIDC, Tarapur Boisar, Thane, Maharashtra – 401506.
Promoters of Ambani Organics – Mr Rakesh Shah and Mrs Apooni Shah
| Ambani Organics IPO details | |
| Subscription Dates | 6 – 10 July 2018 |
| IPO Price band | INR66 per share |
| Fresh issue | 1,268,000 shares (INR8.37 crore) |
| Offer for sale | 100,000 shares (INR0.66 crore) |
| Total IPO size | 1,368,000 shares (INR9.03 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Funding Long Term Working Capital Requirement – INR7.24 crore
- General Corporate Purposes – INR0.59 crore
| Ambani Organics’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 34.2 | 37.7 | 32.9 | 52.9 | 65.6 | |
| Total expenses | 33.7 | 43.1 | 32.1 | 51.5 | 63.2 | |
| Profit after tax | 0.3 | -2.4 | -0.4 | 0.8 | 1.8 | |
Ambani Organics’ Contact Details
Ambani Organics Limited
801, 8th Floor, 351 ICON, Next to Nataraj Rustomjee
Western Express Highway, Andheri (East)
Mumbai – 400 069
Phone: +91 22 2683 3778
Email: [email protected]
Website: www.ambaniorganics.com
Ambani Organics IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.86 |
| Day 2 | 1.04 |
| Day 3 | 1.36 |
Ambani Organics Valuation (Latest FY)
Earnings Per Share (EPS): INR5.02
Price/Earnings (P/E) ratio: 13.15
Return on Net Worth (RONW): 32.50%
Net Asset Value (NAV): INR15.45 per share
Registrar of Ambani Organics IPO
Universal Capital Securities Private Limited
21, 25, 33, Shakil Niwas, Opposite Satya Sai Baba Mandir,
Mahakali Caves Road, Seepz, Andheri (E)
Mumbai – 400 093
Phone: +91 22 2820 7203
Fax: +91 22 2820 7207
Email: [email protected]
Website: http://www.unisec.in
Ambani Organics IPO Allotment Status
Ambani Organics IPO allotment status is now available on Universal Capital’s website. Click on this link to get allotment status.
Listing performance of Ambani Organics
IPO Opening Date: 6 July 2018
IPO Closing Date: 10 July 2018
Finalisation of Basis of Allotment: 13 July 2018
Initiation of refunds: 16 July 2018
Transfer of shares to demat accounts: 17 July 2018
Listing Date: 18 July 2018
Listing Price on NSE SME: INR66.65 per share (up 0.98% from IPO price)
Closing Price on NSE SME: INR66.60 per share (up 0.91% from IPO price)
