Friday, November 17, 2017

Ambition Mica SME IPO Price Band, Market Lot & Dates Details

Ambition Mica is a manufacturer of decorative laminates and door skins. They are in the business since 2010. The company has laminates brands like Antique, Art Lam, Antique Aurum, Antique Colourcore and Antique Natural Wood while skin brands are Beautique, Texas, Micro Touch, Antique Natural Wood and Door Touch. As per the current sentiment avoid the FPO as price seems to be on a higher side.

IPO Review:
  • Avoid
Ambition Mica IPO Dates & Price Band:
  • IPO Open: 16 November 2017
  • IPO Close: 21 November 2017
  • IPO Size: Approx Rs 12.60 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs 40-42 Per Equity Share
  • Listing on: BSE SME
  • Shares: 3,000,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,26,000
Grey Market Premium:
  • The grey market is around N/A Subject to Sauda.
Ambition Mica IPO Subscription Status:
  • IPO Subscribed 1.99 times overall
Ambition Mica IPO Allotment Status:
Company Promoters:
  • Veljibhai Patel
  • Govindbhai Patel
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
IPO Lead Managers:
Company Address:
Ambition Mica Limited
Shop No 10 Ground Floor,
Raghav Residenct Naroda,
Ahmedabad - 382330
Phone: +91-79-65417241