Friday, Apr 26 2024 | Time 17:47 Hrs(IST)
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Business Economy


Ambo Agritec lists on BSE SME Platform

Mumbai, Dec 2 (UNI) Ambo Agritec Ltd became the 408th company to get listed on the BSE SME Platform on Friday.
Ambo Agritec Ltd came out with an initial public offering of 34,00,000 equity shares of Rs 10 each for cash at a price of Rs 30 per equity share, aggregating to Rs 10.20 crore. The company successfully completed its public issue on November 24.
Ambo Agritec is engaged in the business of manufacturing of biscuits and outsourced the manufacturing of edible oils, Vanaspati and Bengali speciality products (through third parties).
In addition, the company is also engaged in trading of Crude Linseed Oil and Soyabean Meal. Ambo Agritec uses raw material of premium quality sourced from reputed local suppliers for biscuits and raw materials imported for edible oils and vanaspati.
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