The Advanced Enzyme IPO is a book-built offering for Rs 411.49 crore. The offering consists of a fresh issue of Rs 50.00 crore and an offer to sell 0.4 crore shares. Bidding for the Advanced Enzyme IPO began on July 20, 2016 and finished on July 22, 2016. On August 1, 2016, the shares were listed on the BSE and NSE. The pricing range for Advanced Enzyme’s IPO is $880 to $896 per share. An application requires a minimum lot size of 16 shares. Retail investors must make a minimum investment of $14,336.
Advanced Enzyme Technologies Ltd., founded in 1989, is an India-based firm that specializes in the research, development, manufacture, and marketing of healthcare, nutrition, and bioprocessing products. The company manufactures over 400 unique products derived from 60 enzymes. Advanced Enzyme primarily operates in two business sectors: healthcare and nutrition (human and animal) and bioprocessing (food and non-food). The company has 13 patents registered in its name and four patent applications are pending.
Advanced Enzyme is one of the top 15 enzyme sales companies in the world, and the second largest in India. The company has over 20 years of fermentation experience in enzyme manufacture. These items are available to the company’s over 700 global customers in 50 countries around the world.
The R&D team of Advanced Enzyme consists of about 55 scientists, microbiologists, engineers, food technologists, and biotechnologists. The company has four R&D sites, two in Thane and one each in Sinnar and Chino, California. Competitive strengths of the company:
- Integrated Company with presence across the Enzyme Value Chain
- Strong R&D, enzyme development and manufacturing capabilities
- Specialized Business Model with high entry barriers
- Diversified Product Portfolio and Wide Customer Base, served by a Strong Sales, Marketing and Distribution network
- Experienced Promoters and a strong management team
- Financial stability and stable cash flows
Advanced Enzyme IPO Details
|IPO Date||July 20, 2016 to July 22, 2016|
|Listing Date||August 1, 2016|
|Face Value||₹10 per share|
|Price Band||₹880 to ₹896 per share|
|Lot Size||16 Shares|
|Total Issue Size||4,594,875 shares
(aggregating up to ₹411.49 Cr)
|Fresh Issue||[.] shares.
(aggregating up to ₹50.00 Cr)
|Offer for Sale||4,034,470 shares of ₹10
(aggregating up to ₹[.] Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
Advanced Enzyme IPO Lot Size
Advanced Enzyme IPO Reservation
|Investor Category||Shares Offered||Maximum Allottees|
|Anchor Investor Shares Offered||–||NA|
|QIB Shares Offered||918,908 (28.41%)||NA|
|NII (HNI) Shares Offered||686,989 (21.24%)|
|Retail Shares Offered||1,602,974 (49.57%)||100,185|
|Employee Shares Offered||25,188 (0.78%)||NA|
|Total Shares Offered||3,234,059 (100%)|
Objects of the Issue (Advanced Enzyme IPO Objectives)
The offer consists of a fresh issue by the company and an offer for sale by the selling shareholders.
- Offer for Sale : The company will not receive any proceeds from the offer for sale.
- The Fresh Issue : The object of the fresh issue is to invest in Advanced Enzymes USA, the wholly owned subsidiary for repayment or pre-payment of certain loans availed by Advanced Enzymes USA and general corporate purposes.
Advanced Enzyme IPO FAQs
Q1. What is the Advanced Enzyme IPO?
Ans. Advanced Enzyme IPO is a main-board IPO of 4,594,875 equity shares of the face value of ₹10 aggregating up to ₹411.49 Crores. The issue is priced at ₹880 to ₹896 per share. The minimum order quantity is 16 Shares. The IPO opens on July 20, 2016, and closes on July 22, 2016.
Q2. When Advanced Enzyme IPO will open?
Ans. The Advanced Enzyme IPO opens on July 20, 2016 and closes on July 22, 2016.
Q3. What is the lot size of Advanced Enzyme IPO?
Ans. Advanced Enzyme IPO lot size is 16 Shares, and the minimum amount required is ₹14,336.
Q4. When is Advanced Enzyme IPO listing date?
Ans. The Advanced Enzyme IPO listing date is on August 1, 2016.