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Ambition Mica IPO is a fixed price issue of Rs 4.30 crores.
Ambition Mica IPO bidding started from June 23, 2015 and ended on June 30, 2015. The shares got listed on BSE SME on July 14, 2015.
Ambition Mica IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Ambition Mica IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Ambition Mica IPO RHP for detailed information.
| IPO Date | June 23, 2015 to June 30, 2015 |
| Listing Date | July 14, 2015 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,074,000 shares (aggregating up to ₹4.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,900,000 |
| Share holding post issue | 3,974,000 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Veljibhai Patel
2. Govindbhai Patel
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.97% |
Incorporated in 2010, Ambition Mica Ltd is one of the leading manufacturers of mid segment decorative laminates and door skins. They market laminates under brands like Antique, Art Lam, Antique Aurum, Antique Colourcore and Antique Natural Wood. They also market door skin under brand name Beautique, Texas, Micro Touch, Antique Natural Wood and Door Touch.
Specialisation in textured laminated, company has diverse range with 1152 designs in laminates and 429 designs in door skins, that meets customer fancy.
"Ambition Mica" enjoys a unique brand identity as the market leader, which offerings that are considered industry Benchmarks. "Ambition Mica" has come up with an object of new design solution for interiors and architects to inspire their idea with a commitment to set new trend in interior and furniture world to yield unexpected results. "Ambition Mica" offers simplicity with carefully chosen Textures, Wood grains series, Metals, Colors etc.
| KPI | Values |
|---|---|
| RoNW | 21.83% |
The object of the issue are to:
1. Working capital requirement;
2. General corporate purpose.
[Dilip Davda]
If we annualized these earnings and attribute on expanded equity post issue then the issue is at a P/E of 9 plus and P/BV of 2 plus. Thus pricing appears to be reasonable.
On merchant banker’s front, this is eighth SME offer from it and its earlier mandates have given positive rewards to investors.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. As SME issues have entry barriers and low preference from broking community, any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.
Read detail review...
| Listing Date | July 14, 2015 |
| BSE Script Code | 539223 |
| NSE Symbol | |
| ISIN | INE563S01011 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹40.00 |
| ₹45.00 |
| ₹45.00 |
| ₹47.00 |
| ₹45.15 |
Ambition Mica Ltd
Shop No 10 Ground Floor,
Raghav Residenct Naroda,
Ahmedabad - 382330, Gujarat
Phone: +91-79-65417241
Email: investors@ambitionmica.com
Website: http://www.ambitionmica.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://kosmic.kfintech.com/ipostatus/
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Check our SME IPO Guide 
Ambition Mica IPO is a SME IPO of 1,074,000 equity shares of the face value of ₹10 aggregating up to ₹4.30 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on June 23, 2015, and closes on June 30, 2015.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ambition Mica IPO opens on June 23, 2015 and closes on June 30, 2015.
Ambition Mica IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Ambition Mica 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 Ambition Mica IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ambition Mica IPO allotment status.
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