Ambey Laboratories IPO opened for subscription on 4th July and is closing today. This issue had raised Rs 12 crore from anchor investors even before opening for general investors.
If you are planning to invest in the IPO market, then you can invest in the issue of Ambey Laboratories of SME category, its price band is less than Rs 100 and today is the last chance to invest money in it. This issue was opened for subscription on 4th July. This IPO has received a great response from investors so far. Let’s know about it in detail…
The size of this IPO is 44 crores
Ambey Laboratories IPO was opened for investors on 4th July and today 8th July is the last date to bid in it. Through this issue, the company is seeking bids to raise Rs 44.68 crore and it is getting tremendous subscription from investors. The company had offered for sale 6,570,000 shares with a face value of Rs 10. Even before opening for general investors, this issue had raised Rs 12.73 crore from its anchor investors.
This is the price band of the issue
If we talk about the price band (Ambey Laboratories IPO Price Band), then the company has fixed it less than Rs 100. The price band of the IPO is Rs 65-68 per share. Under this, the company has issued 6,258,000 fresh shares worth Rs 42.55 crore, while 3,12,000 shares worth Rs 2.12 crore are being sold through Offer for Sale (OFS).
You will have to invest this much money for one lot
Now let’s talk about how you can become a shareholder in the company’s profits by continuously bidding in this IPO. So let us tell you that Ambe Laboratories has fixed a lot of 2000 shares under this issue. That is, an investor will have to bid for at least this many shares and according to the price band, he will have to invest Rs 1,36,000 for a lot of these 2000 shares.
It is also a hit in the grey market
This IPO is also making a splash in the grey market and it is trading at a premium of Rs 45 and on this basis experts are expecting the listing of the company’s shares to cross Rs 100. After the close on Monday, the allotment of shares will be done on July 9 and the shares will be credited to the demat account on July 10. The possible listing date of this issue on NSE SME has been fixed as July 11.
(Note- Before making any investment in the stock market or IPO market, please consult your market experts.)
