The Ambition Mica IPO date has confirmed from November 16, 2017 and ended on November 21, 2017.
Using an IPO, Ambition Mica is seeking to raise Rs 12.60 crores. Its price band is set at ₹40 to ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
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Bidding Dates
November 16-21
Price Range
₹40 to ₹42 per share
Face Value
₹10 per share
GMP
₹3.86
Ambition Mica IPO GMP
The Ambition Mica Limited IPO GMP is ₹3.86.
IPO Overview
Ambition Mica FPO is a Rs 12.60 crore book-built issuance. Bidding for the Ambition Mica FPO began on November 16, 2017 and ended on November 21, 2017. On November 29, 2017, the shares were listed on the BSE SME. The pricing range for Ambition Mica FPO is set at $40 to $42 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $126,000.
“Ambition Mica” has a distinctive brand identity as the market leader, with offerings that are industry benchmarks. “Ambition Mica” has created a new design solution for interior designers and architects to inspire their ideas, with the goal of setting a new trend in the interior and furniture sector and producing unexpected results. “Ambition Mica” delivers simplicity through carefully selected Textures, Wood Grain Series, Metals, Colours, and so on.
Ambition Mica IPO Details
| IPO Date | November 16, 2017 to November 21, 2017 |
| Listing Date | November 29, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹12.60 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE SME |
Ambition Mica FPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
Ambition Mica FPO Listing Details
| Listing Date | November 29, 2017 |
| BSE Script Code | 539223 |
| NSE Symbol | |
| ISIN | INE563S01011 |
| Final Issue Price | ₹42 per share |
Company Profile
Ambition Mica Ltd, founded in 2010, is a prominent manufacturer of mid-market decorative laminates and door skins. Antique, Art Lam, Antique Aurum, Antique Colourcore, and Antique Natural Wood are some of the brands they sell. Door skin is also sold under the brand names Beautique, Texas, Micro Touch, Antique Natural Wood, and Door Touch. Specialising in textured laminated, the company offers a varied choice of 1152 laminate patterns and 429 door skin designs to fulfil the needs of its customers.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | investors@ambitionmica.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Ambition Mica Limited |
| Phone number | +91-79-65417241 |
| Email ID | investors@ambitionmica.com |
| Website | ambitionmica.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.
