A and M Jumbo Bags Ltd

A and M Jumbo bags

About the Company:

A and M Jumbo Bags Limited (Incorporated in 2011) is engaged in manufacturing and supply of High Density Polyethylene (HDPE) / Polypropylene (PP) Jumbo Bags, Flexible Intermediate Bulk Container (FIBC).

Company’s various range of products includes, Circular Type with Cross Corner / Corner Loops, Upanel / 4 Panel Bags, Baffle Bag, Conical Top / Bottom Bag, 4 loop bag, UN bags, Sift Proof bags.Company sell its products in its own name and on wholesale basis.

FIBC/ Jumbo bags are giant size bags in drum or box shape and are internationally used as bulk bags or big sized bags or Flexible Intermediate Bulk Containers. Thickness of bags manufactured by the company varies from as per the requirements of the customers.

On an average 500 to 800 bags are manufactured per day depending upon the size and specifications of the Bags.

Flexible intermediate bulk containers bags are used in packing of various materials for industries such as chemicals, fertilizers, pharmaceuticals, polymers, cement, minerals, food grains, human consumption items, etc. FIBC‘s are widely used for bulk transportation of industrial raw material, semi finished and finished product.

Company’s manufacturing facility is well equipped with required facilities including machinery, other handling equipment to facilitate smooth manufacturing process.

Capacity Utilization :

Management Team:

  1. Mr.Pratish Shah (Designation: Managing Director)
  2. Mrs.Gita Patel (Designation: Non-Executive Director)
  3. Mr.Nalin Shah (Designation: Independent Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Pratish Shah 4,82,930 10.03
Gita Patel 2,27,250 9.90


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake
Pratish Shah 42.49% 27.56%
Gita Patel 20.00% 12.97%
Promoter Group Entities             37.51%          24.33%
Total 100% 64.85%


Objectives of the Issue:

  • Working Capital requirements.
  • General Corporate Purpose.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Working Capital requirements 2.73
General Corporate Expenses 0.77
Issue Related Expenses 0.50
Net Proceeds 4.0 crores


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 31st Aug 17
Revenue  1.7 3.86   4.39  4.53  5.24  2.22
Net Profit  0.0018  0.0032  (-0.001)  (-0.018) 0.24  0.25 


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
A And M Jumbo Bags Ltd 10 6.53 9.95 61.37% 10.65
Commercial Syncbags Ltd 10 4.87 9.24 12.84% 35.05
Flexituff International Ltd 10 34.43 22.89 1.46% 157.46
Kanpur Plastipack Limited 10 11.71 10.67 17.44% 58.70
EMMBI Industries Limited 10 7.20 31.49 14.85% 48.44
Shree Tirupati Balajee FIBC Ltd 10 3.86 12.46 16.45% 27.89
SMVD Poly Pack Ltd 10 3.59 15.32 16.58% 54.14


IPO Details:

Details Info
Issue Opens on 29th January 2018
Issue Closes on:. 2nd February 2018
Issue Price Rs.65
Face Value Rs.10
Minimum Lot 2000
Minimum Investment Rs.1,30,000
Issue Constitutes 35.14%
Issue Size Rs.4.0 cr
Market Cap Rs.11.39 cr
Listing at NSE SME
Total Equity Shares Offered (Fresh) 6,16,000
Equity Shares Prior to the issue 11,36,500
Equity Shares after the issue 17,52,500


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
6.53 9.95 61.37% 10.65


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Subscribe Long Term 20%


Important Dates:

Finalization of Basis of Allotment on or Before 7th February 2018
Initiation of Refunds on or Before 8th February 2018
Credit of Equity Shares: on or Before 9th February 2018
Listing Date: on or Before 12th February 2018


Check IPO Allotment Status:

Bigshare Website (Click on the Below Link)



Company Contact Info:
A and M Jumbo Bags Limited
Block 100, Bhagwati Rice Mill,
Opp. H.P. Petrol Pump, Jetalpur,
Ahmedabad 382426, Gujarat
Tel: +91 9173398575
Email: info@aandmjumbobags.com
Website: www.aandmjumbobags.com


IPO Registrar Info:
1st floor, Bharat Tin works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East),
Mumbai 400059
Tel: +91 22 62638200
Fax: +91 22 62638299
Email: ipo@bigshareonline.com
Grievance Email: investors@bigshareonline.com
Website: www.bigshareonline.com


Lead Manager to the Issue:
406-408, Keshva Premises, Behind Family Court,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400 051, Maharashtra, India
Tel: +91-22 61946719
Fax: +91-22 2659 8690
Email: ipo@pantomathgroup.com
Website: www.pantomathgroup.com