Advanced Enzyme Technologies Ltd IPO Message Board (Page 52)

Advanced Enzyme Technologies fixes IPO price band at Rs880-896 per share

Advanced Enzyme Technologies operates in two primary business verticals—healthcare and nutrition (human and animal), and bio-processing (food and non-food).
Mumbai: Advanced Enzyme Technologies on Wednesday fixed a price band of Rs.880-896 per share for its proposed initial public offering (IPO) that seeks to raise around Rs.412 crore.

The company is selling equity shares with face value of Rs.10 each at a price of Rs.880-896 aggregating to Rs.50 crore and an offer-for-sale by the promoter group shareholders, along with Kotak Employees Investment Trust, Kotak India Venture Fund I and Kotak India Venture (Offshore) Fund.

The offer opens on 20 July and closes on 22 July. The firm is engaged in research, development, manufacturing and marketing of over 400 proprietary products developed from 60 indigenous enzymes.

It ranks among the top 15 global firms in terms of enzyme sales and has the second highest market share domestically, next only to the world’s largest enzyme company Novozymes, Advanced Enzyme managing director Chandrakant L. Rathi told reporters.

It operates in two primary business verticals—healthcare and nutrition (human and animal), and bio-processing (food and non-food).

The firm offers products to its global clientele of over 700 customers across 50 countries, Rathi said. Global growth is estimated to be led by speciality enzymes while industrial enzymes are expected to see moderate growth. North America dominates the global enzyme market.

The domestic enzyme market is expected to grow from $105 million in 2015 to $279 million in 2020. The company aims to replace traditionally used chemicals with eco-friendly enzymatic solutions, Rathi added.

ICICI Securities Ltd and Axis Capital Ltd are the lead managers to the issue.

Any information on the Quality of management team? For Quess I read somewhere that the management team had some issues in the past. Thanks.

Advanced Enzyme Technologies - Brief Financial Details

Particulars       Mar''16      Mar''15      Mar''14      Mar''13
Share Capital       21.77      21.77      21.77      21.77
Reserves       256.96      188.27      144.60      140.20
Net Worth       278.73      210.03      166.37      161.96
Revenue from Operations       293.76       223.11      239.45      220.42
Revenue Growth (%)       31.67%      (6.82)%      8.63%       -
EBITDA       138.23      90.86      103.78      89.56
EBITDA Margin (%)       47.06%      40.72%      43.34%      40.63%
Profit Before Tax       122.53      73.75      27.75      76.16
Profit after Tax       78.44      50.10      20.09      49.22
PAT as % to revenue       26.70%      22.46%      8.39%      22.33%
EPS (Rs.)       36.03      23.01      9.23       23.10
RoNW (%)       28.14%      23.85%      12.07%      30.39%
NAV (Rs. per share)       128.03      96.48      76.42      74.40

Allotment will be like 1:10

I agree sunilbhai

Issue is very small. Not of an class of an investor

AET IPO

GMP RS.350

Full force apply

Apply

GMP 350

Again worth register .due to linltime as registrar i would not appl6 in advance enzyme same as lnt info

APPLY APPLY AND SAY LINK TIME IS WORST

SIMPLY APPLY NO WORRY

Thanks CA saheb. Go for this IPO. GMP 350

Kostak rate of Advance Enzyme 425 -450 confirm 328 premium

kostak rate for AET

gmp for advance anzyme

update for l&t infotech allotment

I request board members to share Advanced Enzyme RHP link......

ADVANCE ENZYME TECHNOLOGIES IPO

GMP RS.325 TO 340

MUST BE APPLY

FANCY IPO

Refer my earlier postings ...



71. Eagleye Jul 10, 2016 8:43:07 AM IST
Advanced Enzymes IPO

OFS is for 4,034,470 shares
(@896 it will be = 361.50Crs)

+ Fresh Issue of 50Crs

Total Issue Size = 411.50Crs (@896 per share)

Lot Size = 16 shares

Mam please update us GMP for L&T & Enzyme...Thanks

GREAT

Company
Advanced Enzyme Technologies Limited
Profile
Advanced Enzyme Technologies Limited, largest Indian enzyme company, engaged in the research and development, manufacturing and marketing of 400+ proprietary products developed from 60 indigenous enzymes.
Offer Period
Offer Opens : July 20, 2016
Offer Closes : July 22, 2016
Price Band
Rs. 880-Rs. 896
Bid Lot
16 Equity Shares and in multiples thereafter
Issue Size
Rs. 412 Crs ( Fresh Issue of 50 Crs + Offer for Sale up to 4034470 Equity Shares)

QIB
50 % of the Issue
NIB
15 % of the Issue
Retail
35 % of the Issue
Mode of Payment
ASBA Mandatory (No Cheques will be accepted)
Registrar
Link Intime India Private Limited
Listing
NSE and BSE

lokesh Jain

good work,
keep it up.

Advans IPO me l&t Ka fund istemal ho payega ya nhi

ADVANCE ENZYME IPO
ISSUE OPEN 20 JULY
ISSUE CLISES 22 JULY
PRICE BAND
880 - 896
MIN. LOT 16 SHARED
RETAIL 35%

Rajkot GMPs 340-355