Ambey Laboratories Limited IPO: Hits pr Miss

Ambey Laboratories Limited‘s (IPO) opens on July 4, 2024, and closes on July 8, 2024. The allotment for the Ambey Laboratories Limited IPO is anticipated to be completed on Tuesday, July 9, 2024. The IPO will be listed on the NSE and SME, with a tentative date set for Thursday, July 11, 2024.

The price band for the Ambey Laboratories Limited IPO is set at ₹65 to ₹68 per share. The IPO is a book-built issue of Rs 46.68 crores, entirely a fresh issue of 65.52 lakh shares.

Ambey Laboratories IPO Details

Ambey Laboratories IPO Lot Size

Ambey Laboratories IPO Objectives

The objectives of the Issue are:

1. To meet Working Capital Requirements.
2. General corporate purposes. Issue-related expenses.

About Ambey Laboratories Limited Company

Ambey Group, founded in 1977, is a diverse conglomerate based in India with interests in FMCG, agrochemicals, and cement sectors. Known for its rapid growth and success, the group offers well-known brands like Anya and A10.

Their manufacturing facility in Behror, Rajasthan, holds ISO 9001:2015 certification from the Quality Research Organization and ISO 14001:2015 certification from the United Accreditation Foundation.

Ambey Laboratories Limited Financial Information

Ambey Laboratories IPO Timeline

Conclusion

The Ambey Laboratories Limited IPO presents an intriguing opportunity for investors, with its opening on July 4, 2024, and closing on July 8, 2024. The IPO is priced between ₹65 to ₹68 per share, offering a book-built issue of ₹46.68 crores, comprising 65.52 lakh fresh shares. The company aims to utilize the proceeds for working capital requirements, general corporate purposes, and issue-related expenses. With a strong foundation in FMCG, agrochemicals, and cement sectors, Ambey Laboratories boasts a robust financial history and a well-recognized brand portfolio. Investors should mark their calendars for the listing date on July 11, 2024, and consider this IPO for potential gains in a diverse industrial conglomerate.