Ambey Group Plans IPO: Here’s What Investors Need to Know

Published On: 29/06/20241.5 min read

The Ambey Group, a prominent player in its sector, is gearing up for its Initial Public Offering (IPO), scheduled from July 4th to July 8th, 2024. This forthcoming IPO marks a significant opportunity for investors looking to participate in the company’s growth trajectory. Here are the key details prospective investors should consider:

Issue Details:

  • Issue Period: July 4th, 2024 to July 8th, 2024
  • Issue Size: The IPO will comprise an initial public offer of 65,70,000 equity shares, including up to 62,58,000 equity shares for sale and 3,12,000 equity shares for sale by existing shareholders (including the Market Maker portion of 3,30,000 equity shares).
  • Type: 100% Book Building
  • Price Range: Rs. 65 to Rs. 68 per equity share
  • Face Value: Rs. 10 per share
  • Bid Lot: 2000 equity shares and in multiples thereof
  • Minimum Order Quantity: 2000 equity shares
  • Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Market Timings and Important Dates:

  • IPO Market Timings: 10:00 a.m. to 5:00 p.m.
  • Cut-off Time for UPI Mandate Confirmation: July 8th, 2024, up to 5:00 p.m. Investors are advised to submit their UPI applications well in advance to avoid last-minute technical issues.

Lead Managers and Registrar:

  • Book Running Lead Managers: Fast Track Finsec Private Limited
  • Sponsor Bank: ICICI Bank Limited
  • Registrar: Link Intime India Private Limited

Categories and Sub-Categories:

  • Categories include FI, IC, MF, FII, OTH, CO, IND, and NOH.
  • Sub-categories applicable for UPI include IND (up to 5 Lakhs).

Additional Information:

  • Contact Person: Shanti Gopalkrishnan, +91 810 811 4949, ambey.ipo@linkintime.co.in
  • Registrar Address: C-101, 247 Park, L. B. S. Marg, Vikhroli (West), Mumbai – 400 083

For more detailed information, including the Red Herring Prospectus and other relevant documents, prospective investors can visit the Ambey Group IPO page.

This IPO presents a compelling opportunity for investors to participate in Ambey Group’s growth story. Investors are encouraged to review all relevant documents and consult with their financial advisors before making investment decisions.

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