Advanced Enzyme shares made a robust debut on BSE and NSE on Monday and listed at a premium of 35 per cent at Rs 1,210 against the issue price of Rs 896. The public offer of the company had received overwhelming response from investors as it was oversubscribed by 116.91 times. The issue was open for subscription from July 20 to July 22.
Vasant Laxminarayan Rathi and Chandrakant Laxminarayan Rathi are the promoters of the company. They have a total experience of more than 70 years in the enzyme industry. Later, the share price of the company settled 31 per cent higher at Rs 1,178.30 on BSE. On NSE, the scrip closed at Rs 1,172.
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Bottomline of Advanced Enzyme Technologies has grown over 20 per cent CAGR (compounded annual growth rate) in the last 5 years. For the year ended March 31, 2016, the company reported net profit of Rs 122.53 crore against Rs 73.75 crore last year. The figure stood at Rs 47.68 crore, Rs 76.16 crore and Rs 27.75 crore in FY12, FY13 and FY14, respectively.
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Topline of the company jumped from Rs 174.88 crore in FY12 to Rs 294.64 crore in FY16.