Ambey Laboratories, a company that makes crop protection chemicals, has begun accepting applications for its initial public offering (IPO) today, July 4th, 2024. This is your chance to become a part of this established company in the agricultural sector.
Established in 1985, Ambey Laboratories has been a key player in the Indian agrochemical industry for nearly four decades. They specialize in creating products that help farmers protect their crops from pests and diseases. This can lead to higher crop yields and better income for farmers.
- Price Band: Ambey Laboratories is offering its shares in a price range of ₹65 to ₹68 per share. This means you cannot pay more than ₹68 or less than ₹65 for a single share.
- Investment Lot Size: The minimum number of shares you can buy is called a lot. In Ambey Laboratories’ IPO, one lot is equal to 200 shares. So, at the minimum price of ₹65 per share, one lot would cost ₹13,000 (200 shares * ₹65 per share).
- IPO Open and Close Dates: The application window to invest in Ambey Laboratories’ IPO is open from today, July 4th, 2024, and will close on July 8th, 2024. Don’t miss this chance if you’re interested!
- Where will the shares be listed? Once the IPO process is complete, Ambey Laboratories’ shares are expected to be listed on the NSE Emerge platform, a stock exchange specifically for small and medium-sized businesses. The tentative listing date is July 11th, 2024.
Important Note: Before making any investment decisions, consult with a qualified financial advisor to understand the risks and potential rewards involved.
Additional Information for Investors
- Grey Market Premium (GMP): GMP is an unofficial estimate of how much an IPO’s share price might trade for on the listing day compared to its offer price. It’s important to remember that GMP is not a guaranteed indicator of future performance.
- Company Background: Research Ambey Laboratories’ financials, business plans, and future prospects before making any investment decisions.
By understanding these details, you can make an informed decision about whether or not to invest in Ambey Laboratories’ IPO. Remember, investing in the stock market always carries some risk, so be sure to do your research and invest wisely.