The A and M Jumbo Bags IPO date has been confirmed from January 29, 2018 and ended on February 2, 2018.
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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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 is ₹20.35.
IPO Overview
The A and M Jumbo Bags IPO has a fixed price of Rs 4.00 crore. The IPO auction for A & M Jumbo Bags began on January 29, 2018 and closed on February 2, 2018. On Wednesday, February 7, 2018, the allotment for A & M Jumbo Bags IPO was completed. On February 12, 2018, the shares were listed on the NSE SME. The IPO price for A and M Jumbo Bags is ₹65 per share. A lot size of 2000 shares is required for an application.
Retail investors must make a minimum commitment of ₹130,000. The Company’s manufacturing unit is in Jabalpur, Ahmadabad. The company has established a factory that can produce 200,000 pieces. In the fiscal year 2017-18, the company produced around 1,25,744 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 Jumbo Bags Limited, founded in 2011, is an Ahmadabad-based firm that manufactures and supplies Polyethylene Jumbo Bags and Flexible Intermediate Bulk Container (FIBC) used in industrial and commercial packaging units. Chemicals, fertilisers, pharmaceuticals, polymers, cement, minerals, food grains, human use products, and other commodities are packed in these bags. FIBCs are commonly used for the bulk transportation of industrial raw materials, semi-finished goods, and completed goods. These are large bags in the shape of a drum 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 loops for easier handling. Top and bottom spouts are provided for simple material filling and discharge. There is also a mechanism 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 | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | A and M Jumbo Bags Limited |
| Phone number | +91 9173398575 |
| Email ID | investor@aandmjumbobags.com |
| Website | aandmjumbobags.com |
IPO Strenghts
- 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.
