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Review By Dilip Davda on June 19, 2015
Ambition Mica Ltd is one of the leading manufacturers of mid segment decorative laminates and door skins. Within a short span, it has gained 8% market share and its brands like ANTIQUE, Art Lam, Antique Aurum, Antique Colour core, Antique Natural Wood for laminates and Beautique, Texas, Micro Touch, Door Touch for door skins. The 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.
To part finance its corpus funds need and working capital, the company is coming out with an IPO of 1074000 equity share of Rs. 10 each at a fixed price of Rs. 40 per share to mobilize Rs. 4.30 crore. The issue opens for subscription on 23.06.15 and will close on 30.06.15. Minimum application is to be made for 3000 shares and in multiples thereon, thereafter. Post allotments shares will be listed on BSE SME. Issue is lead managed by Pantomath Capital Advisors Pvt Ltd and Karvy Computershare Pvt Ltd is the registrar to the issue. Post IPO its existing equity capital of Rs. 2.90 crore will rise to Rs. 3.97 crore.
On performance front, for fiscal 2013 it has earned net profit of Rs. 0.87 crore on a turnover of Rs. 20.49 crore and for fiscal 2014 it has posted net profit of Rs. 1.12 crore on a turnover of Rs. 35.57 crore. For first 10 months ended 31.01.15 it has clocked in a turnover of Rs. 31.27 crore with a net profit of Rs. 1.44 crore.
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.
Review By Dilip Davda on June 19, 2015
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. My reviews do not cover GMP market and operators game plans. Readers must consult a qualified financial advisor before making any actual investment decisions, based the on information published here. With entry barriers, SEBI wants only well-informed investors to participate in such offers. With crazy listings in the recent past, SME IPOs drew the attention of investors across the board and lead to seer madness. However, as SME issues have entry barriers and continued low preference from the broking community, any reader taking decisions based on any information published here does so entirely at their own risk. The above information is based on information available as of date coupled with market perceptions. The Author has no plans to invest in this offer.
About Dilip Davda
Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.
Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.
(Dilip Davda -SEBI registered Research Analyst-Mumbai,
Registration no. INH000003127 (Perpetual)
Email id: dilip_davda@rediffmail.com ).
The initial public offer (IPO) of Ambition Mica Ltd offers an early investment opportunity in Ambition Mica Ltd. A stock market investor can buy Ambition Mica IPO shares by applying in IPO before Ambition Mica Ltd shares get listed at the stock exchanges. An investor could invest in Ambition Mica IPO for short term listing gain or a long term.
Read the Ambition Mica IPO recommendations by the leading analyst and leading stock brokers.
Ambition Mica IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Ambition Mica IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer.
Our recommendation for Ambition Mica IPO is to subscribe for long term.
As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe for long term to the Ambition Mica IPO.
The Ambition Mica IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Ambition Mica IPO allotment status to check.
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