The A and M Jumbo Bags IPO date has been confirmed from January 29, 2018 and ended on February 2, 2018. Read the post to learn about A and M Jumbo Bags IPO GMP.
Using an IPO, A and M Jumbo Bags is seeking to raise Rs 4.00 crores. Its price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000.
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Key Details Of A and M Jumbo Bags IPO:
Bidding Dates
Jan 29-Feb 2
Price Range
₹65 per share
Face Value
₹10 per share
GMP
₹20.35
A and M Jumbo Bags IPO GMP
The A and M Jumbo Bags Limited IPO GMP Today is ₹20.35.
A and M Jumbo Bags IPO Overview
The A and M Goliath Bags IPO has a fixed price of Rs4.00 crore. The IPO transaction for A & M Goliath Bags began on January 29, 2018 and closed on February 2, 2018. On Wednesday, February 7, 2018, the allotment for A & M Goliath Bags IPO was completed. On February 12, 2018, the shares were listed on the NSE SME. The IPO price for A and M Goliath Bags is ₹ 65 per share. A lot size of 2000 shares is needed for an operation.
Retail investors must make a minimal commitment of ₹ 130,000. The Company’s manufacturing unit is in Jabalpur, Ahmadabad. The company has established a plant that can produce 200,000 pieces. In the financial time 2017- 18, the company produced around bags.
A and M Jumbo Bags IPO Details
| IPO Date | January 29, 2018 to February 2, 2018 |
| Listing Date | February 12, 2018 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 616,000 shares (aggregating up to ₹4.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 32,000 shares |
A and M Jumbo Bags IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
A and M Jumbo Bags IPO Timeline
| IPO Open Date | Monday, January 29, 2018 |
| IPO Close Date | Friday, February 2, 2018 |
| Basis of Allotment | Wednesday, February 7, 2018 |
| Initiation of Refunds | Thursday, February 8, 2018 |
| Credit of Shares to Demat | Friday, February 9, 2018 |
| Listing Date | Monday, February 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 2, 2018 |
Company Profile
A & M Goliath Bags Limited, innovated in 2011, is an Ahmadabad- grounded establishment that manufactures and supplies Polyethylene Goliath Bags and Flexible Intermediate Bulk Container( FIBC) used in artificial and marketable packaging units. Chemicals, fertilisers, medicinals, polymers, cement, minerals, food grains, mortal use products, and other goods are packed in these bags. FIBCs are generally used for the bulk transportation of artificial raw accoutrements ,semi-finished goods, and completed goods. These are large bags in the shape of a barrel or a box that
are used internationally as bulk bags, large bags, or Flexible Intermediate Bulk Containers. These bags are composed of UV stabilised PP nylon, polypropylene, or HDPE fabric and have four corner circles for easier running. Top and nethermost spouts are handed for simple material stuffing and discharge. There’s also a medium for the material to be discharged at specified rates under controlled conditions.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | A and M Jumbo Bags Limited |
| Phone number | +91 9173398575 |
| Email ID | [email protected] |
| Website | aandmjumbobags.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
A and M Jumbo Bags IPO FAQs
When A and M Jumbo Bags IPO will open?
The A and M Jumbo Bags IPO opens on January 29, 2018 and closes on February 2, 2018.
What is the lot size of A and M Jumbo Bags IPO?
A and M Jumbo Bags IPO lot size is 2000 Shares, and the minimum amount required is ₹130,000.
When is A and M Jumbo Bags IPO listing date?
The A and M Jumbo Bags IPO listing date is on February 12, 2018.
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