Close Menu
PNN DigitalPNN Digital
    Facebook X (Twitter) Instagram
    PNN DigitalPNN Digital
    • Business
    • National
    • Entertainment
    • Lifestyle
    • Education
    • Press Release
    • Submit Your PR
    PNN DigitalPNN Digital
    Home - Business - Ambey Laboratories Limited IPO Opens on July 04, 2024
    Business

    Ambey Laboratories Limited IPO Opens on July 04, 2024

    PNN Online DeskBy PNN Online DeskJuly 3, 2024Updated:July 3, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Issue Size – Up To 65,70,000 Equity Shares of ₹ 10 each, Issue Size – ₹ 42.70 Crores - ₹ 44.67 Crores, Price Brand – ₹ 65 - ₹ 68, Market Lot Size – 2,000 Equity Shares
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Mumbai (Maharashtra) [India], July 3: Ambey Laboratories Limited, anagrochemical products manufacturer, has announced its plan to go public with an Initial Public Offering on July 03, 2024(For Anchor Investor) and July 04, 2024 (For other than Anchor Investor). The company is aiming to raise ₹ 44.67 Crores at upper price band through this IPO, with shares set to be listed on the NSE Emerge.

    The issue size is Up to 65,70,000 equity shares at face value of ₹ 10 each. 

    Equity Share Allocation

    • QIB Anchor Portion – Up To 18,72,000 Equity Shares   

    • Qualified Institutional Buyers (QIB) – Up To 12,48,000 Equity Shares   

    • Non-Institutional Investors (NII) – Up To 9,36,000 Equity Shares   

    • Retail Individual Investors (RII) – Up To 21,84,000 Equity Shares   

    • Market Maker – Up To 3,30,000 Equity Shares   

    The net proceeds from the IPO will be utilized for Funding the working capital requirements of the Company and to meet General corporate purposes.

    The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited. The Registrar to the Issue is Link Intime India Private Limited.

    Mr. Archit Gupta, CEO of Ambey Laboratories Limited stated, “we are marking a significant milestone in our growth journey, showcasing our strong conviction in our company’s proficiency and commitment to seize new opportunities to strengthen our market position. With two decades of expertise and advanced technology, we are dedicated to provide a diverse range of products to key market players both locally and globally. This decision marks a pivotal moment for us, enhancing our corporate standing and recognition. We envision this initiative bringing numerous benefits, ultimately adding significant value to our company as a whole. “

    Mr. Vikas Verma, Director of Fast Track Finsec Private Limited said, ” I’m glad about the upcoming IPO of AmbeyLaboratories Limited. The company has consistently demonstrated remarkable resilience and adaptability in the agrochemical sector. Their diverse operations, which include the manufacturing and distribution of a wide range of agrochemical products, showcase their strategic prowess and commitment to meeting industry demands. The company is well-positioned for future growth. Their commitment towardsinnovation and sustainability makes them an attractive investment opportunity. I believe this IPO brings a promising prospect.”

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    PNN Online Desk
    • Website

    Related Posts

    Young Archer from Vedanta Aluminium’s Archery Training Initiative Brings Glory to Kalahandi

    July 23, 2025

    DS Jindal Group Appoints Dayanand Shetty as Brand Ambassador for Jindal PVC Pipes & Flujo GFRP Rebars

    July 23, 2025

    Apollo Cancer Centre Hyderabad Felicitated Bone Cancer Survivors for Their Grit and Determination

    July 23, 2025
    Add A Comment

    Comments are closed.

    Recent Posts
    • Young Archer from Vedanta Aluminium’s Archery Training Initiative Brings Glory to Kalahandi
    • DS Jindal Group Appoints Dayanand Shetty as Brand Ambassador for Jindal PVC Pipes & Flujo GFRP Rebars
    • Apollo Cancer Centre Hyderabad Felicitated Bone Cancer Survivors for Their Grit and Determination
    • AI-Powered IELTS Prep Tools Now Free for All: IELTS Rewind Revolutionizes Test Preparation
    • Dr. BRC’s Landmark Book ‘Green Gold: The Neem Farmacy’ Released at Siri Fort Auditorium

    Young Archer from Vedanta Aluminium’s Archery Training Initiative Brings Glory to Kalahandi

    July 23, 2025

    DS Jindal Group Appoints Dayanand Shetty as Brand Ambassador for Jindal PVC Pipes & Flujo GFRP Rebars

    July 23, 2025

    Apollo Cancer Centre Hyderabad Felicitated Bone Cancer Survivors for Their Grit and Determination

    July 23, 2025

    AI-Powered IELTS Prep Tools Now Free for All: IELTS Rewind Revolutionizes Test Preparation

    July 23, 2025

    Dr. BRC’s Landmark Book ‘Green Gold: The Neem Farmacy’ Released at Siri Fort Auditorium

    July 23, 2025

    How Brands are Reimagining Channel Loyalty: Get Future Ready with Insights from Benepik’s 2025 Channel Loyalty Report

    July 23, 2025
    PNN Digital
    2025 © pnn.digital

    Type above and press Enter to search. Press Esc to cancel.