IPO Details

Bidding Dates

03 Jul '24 - 05 Jul '24

Minimum Investment

₹1,36,000 / 1 Lot ( 2,000 Shares )

Price Range

₹65 - ₹68

Maximum Investment

₹1,36,000 / 1 Lot ( 2,000 Shares )

Retail Discount

To be announced

Issue Size

₹42.55 Cr.

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jul 3, 2024

Closing Date

Jul 5, 2024

Allotment Date

Jul 8, 2024

Initiation of Refunds

Jul 9, 2024

Credit of Shares to Demat

Jul 9, 2024

Listing Date

Jul 10, 2024

Cut-off time for UPI mandate confirmation

Jul 5, 2024

About Ambey Laboratories Limited

Ambey Laboratories Limited, originally incorporated as Ambey Laboratories Private Limited in 1985 and subsequently converted to a public limited company in 2014, has established itself as a prominent player in the agrochemical sector over nearly four decades. Specialising in the manufacturing of agrochemical products, Ambey Laboratories is renowned for its high-quality "2, 4-D base chemicals," essential for crop protection.

Situated across a sprawling 5-acre facility in Behror, Rajasthan, the company operates with advanced technologies like Programmable Logic Controllers (PLC) and Supervisory Control, ensuring rigorous quality control through methods such as HPLC, GC, and UV testing at every production stage. Certified with ISO 9001:2015 for quality management and ISO 14001:2015 for environmental standards, Ambey Laboratories adheres to strict compliance with the RoHS Directive (2015/863/EC) and other international regulations, underscoring its commitment to sustainability and safety.

The company's product portfolio includes a diverse range of agrochemicals, such as 2,4-D Acid, Sodium, Amine formulations, Chlorpyriphos, Thiamethoxam, and others. It caters to a clientele that includes major corporations like Aromatic Rasayan Private Limited and JR Jindal Infraprojects Private Limited.

Ambey Laboratories Limited extends its product range to include essential home hygiene solutions. From effective black phenyle and white floor cleaners to specialised toilet cleaners and hand sanitizer, each product is designed for superior cleanliness and hygiene in households, reflecting the company's commitment to quality and consumer satisfaction.

With a focus on innovation and market diversification, the company aims to lead as a preferred provider of environmentally friendly agrochemical solutions, fostering growth for its customers and employees alike.

Industry Outlook:

  1. India's agrochemical market, currently valued at US$ 5.5 billion and growing at a CAGR of 8.3%, presents substantial growth opportunities. With a projected increase to nearly 40% of India's overall chemicals exports by 2040, Ambey Laboratories stands to benefit from the rising demand for herbicides and other agrochemical products both domestically and internationally.
  2. The specialty chemicals sector in India is poised for significant expansion, expected to reach US$ 64 billion by 2025 with a CAGR of 12%. Ambey Laboratories, known for its quality assurance and compliance standards, can capitalise on this trend by enhancing its product portfolio and exploring export avenues. This growth aligns with the company's vision of sustainability and innovation.
  3. India's chemical sector, exporting to over 175 countries, underscores a robust international market presence. Ambey Laboratories, leveraging its ISO certifications and advanced manufacturing capabilities, can target new markets and strengthen existing partnerships. The company's emphasis on quality and environmental sustainability positions it well to meet stringent global standards and expand its export footprint.

Ambey Laboratories Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Allocation of ₹ 3,093.20 lakh to meet immediate operational needs, ensuring smooth day-to-day business operations and sustaining growth momentum.
  2. Covering general corporate expenses to support business growth and operations.
  3. Covering expenses directly associated with the issue.

Peer Details

The following are the listed industry peers of Ambey Laboratories Limited:

  1. Atul Limited
  2. Meghmani Organics Limited

How to Check the Allotment Status of the Ambey Laboratories Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

Contact Details of Ambey Laboratories Limited IPO

  • Registered office: Ground Floor, Property No.555 Tarla Mohalla, Ghitorni, South West Delhi, New Delhi, Delhi, India -110030
  • Phone: 0124-4000788
  • E-mail: cs@ambeylab.com

IPO Financials

Particulars Year ended 31 October 2023 Year ending on 31 March 2023 Year ending on 31 March 2022 Year ending on 31 March 2021
Revenue from Operations (in ₹ lakh) 6,993.36 10,482.12 8,460.07 8,173.94
Profit After Tax (PAT) (in ₹ lakh) 472.86 456.93 357.47 1,033.67
Cash & Cash Equivalents (in ₹ lakh) 43.06 41.09 28.90 51.10
Return on Net Worth (%) 14.32 19.33 18.75 (131.45)
Earnings per share 2.65 2.57 7.08 21.12
EBITDA(in ₹ lakh) 974.14 1,102.73 1,085.21 1,040.60
Return On Capital Employed (%) 11.01 12.75 12.53 58.51

Know before investing


  1. Experienced management team drives industry expertise and client satisfaction.

  2. Strategic location in Rajasthan ensures efficient logistics and infrastructure support.

  3. Rigorous quality standards ensure consistent high-quality product delivery.

  4. Strong supplier partnerships ensure reliable and timely material sourcing.

  5. Business strategies focus on efficiency, integration, capacity, market leadership, and customer expansion.


  1. Ambey Laboratories Limited faces operational disruption due to a frozen promoter demat account.

  2. Dependency on leased properties, including the Registered Office, poses operational risks.

  3. Management retains the authority to alter strategies without shareholder approval.

  4. Handling hazardous materials poses operational risks and potential liabilities.

  5. Variations in funding requirements may impact planned expenditures and financials.

  6. Reliance on a few major clients exposes Ambey Laboratories Limited to revenue volatility.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

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Ambey Laboratories Limited IPO FAQs

What is Ambey Laboratories Limited's IPO?

Ambey Laboratories Limited’s IPO is a book-built issue IPO. It will be open from July 3, 2024, to July 5, 2024.

When will Ambey Laboratories Limited's IPO be allotted?

The Basis of Allotment will happen on Monday, July 8, 2024.

When will Ambey Laboratories Limited's IPO open for subscription?

The IPO subscription window will open on July 3, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for Ambey Laboratories Limited’s IPO is not announced yet.

When will Ambey Laboratories Limited list on exchanges?

The listing date for Ambey Laboratories Limited is July 10, 2024.

How do I check the allotment status of the Ambey Laboratories Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

What would be the listing gains on the Ambey Laboratories Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Ambey Laboratories Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Ambey Laboratories Limited IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Ambey Laboratories Limited using one PAN?

You can submit only one application using your PAN card.