IPO Details
Bidding Dates
03 Jul '24 - 05 Jul '24
Minimum Investment
₹1,36,000 / 1 Lot ( 2,000 Shares )
Price Range
₹65 - ₹68
Maximum Investment
₹1,36,000 / 1 Lot ( 2,000 Shares )
Retail Discount
To be announced
Issue Size
₹42.55 Cr.
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investors |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Jul 3, 2024
Closing Date
Jul 5, 2024
Allotment Date
Jul 8, 2024
Initiation of Refunds
Jul 9, 2024
Credit of Shares to Demat
Jul 9, 2024
Listing Date
Jul 10, 2024
Cut-off time for UPI mandate confirmation
Jul 5, 2024
About Ambey Laboratories Limited
Ambey Laboratories Limited, originally incorporated as Ambey Laboratories Private Limited in 1985 and subsequently converted to a public limited company in 2014, has established itself as a prominent player in the agrochemical sector over nearly four decades. Specialising in the manufacturing of agrochemical products, Ambey Laboratories is renowned for its high-quality "2, 4-D base chemicals," essential for crop protection.
Situated across a sprawling 5-acre facility in Behror, Rajasthan, the company operates with advanced technologies like Programmable Logic Controllers (PLC) and Supervisory Control, ensuring rigorous quality control through methods such as HPLC, GC, and UV testing at every production stage. Certified with ISO 9001:2015 for quality management and ISO 14001:2015 for environmental standards, Ambey Laboratories adheres to strict compliance with the RoHS Directive (2015/863/EC) and other international regulations, underscoring its commitment to sustainability and safety.
The company's product portfolio includes a diverse range of agrochemicals, such as 2,4-D Acid, Sodium, Amine formulations, Chlorpyriphos, Thiamethoxam, and others. It caters to a clientele that includes major corporations like Aromatic Rasayan Private Limited and JR Jindal Infraprojects Private Limited.
Ambey Laboratories Limited extends its product range to include essential home hygiene solutions. From effective black phenyle and white floor cleaners to specialised toilet cleaners and hand sanitizer, each product is designed for superior cleanliness and hygiene in households, reflecting the company's commitment to quality and consumer satisfaction.
With a focus on innovation and market diversification, the company aims to lead as a preferred provider of environmentally friendly agrochemical solutions, fostering growth for its customers and employees alike.
Industry Outlook:
- India's agrochemical market, currently valued at US$ 5.5 billion and growing at a CAGR of 8.3%, presents substantial growth opportunities. With a projected increase to nearly 40% of India's overall chemicals exports by 2040, Ambey Laboratories stands to benefit from the rising demand for herbicides and other agrochemical products both domestically and internationally.
- The specialty chemicals sector in India is poised for significant expansion, expected to reach US$ 64 billion by 2025 with a CAGR of 12%. Ambey Laboratories, known for its quality assurance and compliance standards, can capitalise on this trend by enhancing its product portfolio and exploring export avenues. This growth aligns with the company's vision of sustainability and innovation.
- India's chemical sector, exporting to over 175 countries, underscores a robust international market presence. Ambey Laboratories, leveraging its ISO certifications and advanced manufacturing capabilities, can target new markets and strengthen existing partnerships. The company's emphasis on quality and environmental sustainability positions it well to meet stringent global standards and expand its export footprint.
Ambey Laboratories Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Allocation of ₹ 3,093.20 lakh to meet immediate operational needs, ensuring smooth day-to-day business operations and sustaining growth momentum.
- Covering general corporate expenses to support business growth and operations.
- Covering expenses directly associated with the issue.
Peer Details
The following are the listed industry peers of Ambey Laboratories Limited:
- Atul Limited
- Meghmani Organics Limited
How to Check the Allotment Status of the Ambey Laboratories Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Ambey Laboratories Limited IPO
- Registered office: Ground Floor, Property No.555 Tarla Mohalla, Ghitorni, South West Delhi, New Delhi, Delhi, India -110030
- Phone: 0124-4000788
- E-mail: cs@ambeylab.com
IPO Financials
| Particulars | Year ended 31 October 2023 | Year ending on 31 March 2023 | Year ending on 31 March 2022 | Year ending on 31 March 2021 |
|---|---|---|---|---|
| Revenue from Operations (in ₹ lakh) | 6,993.36 | 10,482.12 | 8,460.07 | 8,173.94 |
| Profit After Tax (PAT) (in ₹ lakh) | 472.86 | 456.93 | 357.47 | 1,033.67 |
| Cash & Cash Equivalents (in ₹ lakh) | 43.06 | 41.09 | 28.90 | 51.10 |
| Return on Net Worth (%) | 14.32 | 19.33 | 18.75 | (131.45) |
| Earnings per share | 2.65 | 2.57 | 7.08 | 21.12 |
| EBITDA(in ₹ lakh) | 974.14 | 1,102.73 | 1,085.21 | 1,040.60 |
| Return On Capital Employed (%) | 11.01 | 12.75 | 12.53 | 58.51 |
Know before investing
Strengths
5-
Experienced management team drives industry expertise and client satisfaction.
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Strategic location in Rajasthan ensures efficient logistics and infrastructure support.
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Rigorous quality standards ensure consistent high-quality product delivery.
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Strong supplier partnerships ensure reliable and timely material sourcing.
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Business strategies focus on efficiency, integration, capacity, market leadership, and customer expansion.
Risks
6-
Ambey Laboratories Limited faces operational disruption due to a frozen promoter demat account.
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Dependency on leased properties, including the Registered Office, poses operational risks.
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Management retains the authority to alter strategies without shareholder approval.
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Handling hazardous materials poses operational risks and potential liabilities.
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Variations in funding requirements may impact planned expenditures and financials.
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Reliance on a few major clients exposes Ambey Laboratories Limited to revenue volatility.
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Ambey Laboratories Limited IPO FAQs
Ambey Laboratories Limited’s IPO is a book-built issue IPO. It will be open from July 3, 2024, to July 5, 2024.
The Basis of Allotment will happen on Monday, July 8, 2024.
The IPO subscription window will open on July 3, 2024.
The lot size for Ambey Laboratories Limited’s IPO is not announced yet.
The listing date for Ambey Laboratories Limited is July 10, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
