Aries Agro IPO
Aries Agro IPO — date, price band, lot size & details 2007
Aries Agro listed on 11 Jan 2008 at ₹160, 23.1% above the ₹130 issue price.
Aries Agro is a Mumbai based maker of branded micronutrient and speciality fertilisers, crop care and animal nutrition products. Its total income was Rs 77.41 crore in FY2007.
Stock price
Aries Agro is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 14 Dec 2007
- Close 19 Dec 2007
- Allotment 02 Jan 2008
- Refund/credit TBA
- Listing 11 Jan 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 19 Dec, 2007 |
|---|---|
| Price Band | ₹120 – ₹130 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹58.51 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Aarthi Consultants Pvt.Ltd. |
| Min Investment | ₹ 6,500 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹130 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,500 |
| Retail (max) | 30 | 1,500 | ₹1,95,000 |
| S-HNI (min) | 31 | 1,550 | ₹2,01,500 |
| S-HNI (max) | 153 | 7,650 | ₹9,94,500 |
| B-HNI (min) | 154 | 7,700 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 41.20 crore in FY2005 to Rs 77.41 crore in FY2007.
- 02Restated profit after tax rose from Rs 1.07 crore in FY2005 to Rs 8.45 crore in FY2007.
- 03All its products were branded, made at 4 plants with 21,600 TPA of capacity.
- 04Net worth rose from Rs 9.93 crore in FY2005 to Rs 27.73 crore in July 2007; return on net worth was 35.26%.
Risks · 5
- 01It made restated losses in FY2003 and FY2004 before turning profitable.
- 02Fertiliser demand depends on the monsoon and farm incomes; Rs 17.76 crore was for working capital.
- 03Traded products grew to Rs 30.75 crore of sales in FY2007, a lower margin business.
- 04Rs 7.37 crore went into Golden Harvest Middle East, a UAE company.
- 05Promoter holding fell from 76.97% before the issue to 50.33% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Aries Agro offer document.
| Metric | 31 Jul 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 29.81 | 77.41 | 59.40 | 41.20 |
| Profit After Tax | 3.36 | 8.45 | 6.47 | 1.07 |
| NET Worth | 27.73 | 24.66 | 16.40 | 9.93 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Aries Agro RHP.
Where the money goes
₹58.51 Cr of the issue is earmarked to named objects.
About the company
Its branded products fall in 5 categories: multi micronutrient fertilisers, chelated micronutrient fertilisers, speciality soluble fertilisers, anti bacterial products for farming and animal nutrition products. Agromin and Chelamin are among its brands.
Its plants were at Bangalore, Mumbai, Hyderabad and Kolkata, with a total capacity of 21,600 TPA.
The IPO was Rs 58.51 crore and was entirely a fresh issue at Rs 130, the top of the Rs 120 to Rs 130 band. The money was for new plants, working capital, offices and an investment in a UAE company.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
040-27638111/27638111/27638111
The bankers & the filings
Who is running the book, and the documents this page is built from.
Aries Agro IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Aries Agro?
The current Grey Market Premium is ₹0.
What is the Aries Agro IPO price band?
₹120 to ₹130, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 January 2008, with listing on 11 January 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Aarthi Consultants Pvt.Ltd..
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
