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A and M Jumbo Bags IPO is a fixed price issue of Rs 4.00 crores.
A and M Jumbo Bags IPO bidding started from January 29, 2018 and ended on February 2, 2018. The allotment for A and M Jumbo Bags IPO was finalized on Wednesday, February 7, 2018. The shares got listed on NSE SME on February 12, 2018.
A and M Jumbo Bags IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the A and M Jumbo Bags IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to A and M Jumbo Bags IPO RHP for detailed information.
IPO Date | January 29, 2018 to February 2, 2018 |
Listing Date | February 12, 2018 |
Face Value | ₹10 per share |
Price | ₹65 per share |
Lot Size | 2000 Shares |
Total Issue Size | 616,000 shares (aggregating up to ₹4.00 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 1,136,500 |
Share holding post issue | 1,752,500 |
Market Maker portion | 32,000 shares |
A and M Jumbo Bags IPO offers 648,000 shares. 292,000 (45.06%) to NII, 292,000 (45.06%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 32,000 (4.94%) |
Other Shares Offered | 292,000 (45.06%) |
Retail Shares Offered | 292,000 (45.06%) | Other Shares Offered | 32,000 (4.94%) |
Total Shares Offered | 648,000 (100%) |
A and M Jumbo Bags IPO opens on January 29, 2018, and closes on February 2, 2018.
IPO Open Date | Monday, January 29, 2018 |
IPO Close Date | Friday, February 2, 2018 |
Basis of Allotment | Wednesday, February 7, 2018 |
Initiation of Refunds | Thursday, February 8, 2018 |
Credit of Shares to Demat | Friday, February 9, 2018 |
Listing Date | Monday, February 12, 2018 |
Cut-off time for UPI mandate confirmation | 5 PM on February 2, 2018 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹130,000 |
Retail (Max) | 1 | 2000 | ₹130,000 |
Lot Size Calculator |
Incorporated in 2011, A and M Jumbo Bags Limited is Ahmadabad-based company engaged in manufacturing and supply of Polyethylene Jumbo Bags and Flexible Intermediate Bulk Container (FIBC) used in industrial and commercial packaging units. These bags are used in packing of various materials such as chemicals, fertilizers, pharmaceuticals, polymers, cement, minerals, food grains, human consumption items, etc. FIBC's are widely used for bulk transportation of industrial raw material, semi finished and finished product.
These bags are giant size bags in drum or box shape and are internationally used as bulk bags or big sized bags or Flexible Intermediate Bulk Containers. These bags are made out of PP UV stabilized nylon or polypropylene or HDPE fabric with four corner loops for easy handling. Top and bottom spouts are provided for easy filling and discharge of material. There is also a provision for controlled discharge of the material at required rates.
The manufacturing unit of the Company is located at Jabalpur, Ahmadabad. Company has installed facility to manufacture 2,00,000 Pieces. In year 2017-18 company produced around 1,25,744 bags.
Company intend to utilize the net proceeds from Issue towards the following objects:
1. Working Capital requirements
2. General Corporate Purpose
[Dilip Davda]
If compared with peers, AnM has the lowest turnover and the working of last three fiscals is on the basis of its Rs. 0.17 crore equity that is expanding to Rs. 1.75 crore post issue. It issued rights shares at a price of Rs. 16 per share in October 2017 and now wants new investors to part Rs. 65 per share. Investors have better options in secondary market for investment at lower P/Es. Hence there is no harm in giving this issue a miss.
Read detail review...The A and M Jumbo Bags IPO is subscribed 7.44 times on February 2, 2018 5:00:00 PM. The public issue subscribed 10.88 times in the retail category, times in the QIB category, and 3.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 3.97 |
Retail | 10.88 |
Total | 7.44 |
Listing Date | February 12, 2018 |
BSE Script Code | |
NSE Symbol | AMJUMBO |
ISIN | INE749Y01014 |
Final Issue Price | ₹65 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹65.00 |
₹70.50 |
₹66.50 |
₹73.80 |
₹66.55 |
A and M Jumbo Bags Limited
Block No.-100, Bhagwati Rice Mill,
Opp. Hp Petrol Pump, Jetalpur,
Daskroi Ahmedabad 382426
Phone: +91 9173398575;
Email: investor@aandmjumbobags.com
Website: http://www.aandmjumbobags.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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A and M Jumbo Bags IPO is a SME IPO of 616,000 equity shares of the face value of ₹10 aggregating up to ₹4.00 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000 Shares.
The IPO opens on January 29, 2018, and closes on February 2, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The A and M Jumbo Bags IPO opens on January 29, 2018 and closes on February 2, 2018.
A and M Jumbo Bags IPO lot size is 2000 Shares, and the minimum amount required is ₹130,000.
You can apply in A and M Jumbo Bags IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for A and M Jumbo Bags IPO will be done on Wednesday, February 7, 2018, and the allotted shares will be credited to your demat account by Friday, February 9, 2018. Check the A and M Jumbo Bags IPO allotment status.
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Best of luck for allotment.....