Ami Organics IPO β Schedule *(Final β Pg #326 of RHP)*
27th Aug β Announcement of Price Band
31st Aug β Anchor Investors Allotment
01st Sept β Offer Opens
03rd Sept β Offer Closes
08th Sept β Finalisation of Basis of Allotment
09th Sept β Unblocking of ASBA Accounts
13th Sept β Credit of Equity Shares to Depository Accounts
14th Sept β Commencement of Trading
Ami Organics IPO β Issue Information *(Final)*
Issue Opens on: 01 September 2021
Issue Closes on: 03 September 2021
Issue Type: Book Built Issue IPO
Issue Size: 93,38,288 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.603 β Rs.610 Share
Discount: NIL
Market Lot: 24 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 3,31,58,374 Shares
Fresh Issue of 32,78,688 Shares @610/- = Rs.200.00Crs
Offer for Sale of 60,59,600 Shares @610/- = Rs.369.64Crs
Equity Shares outstanding after the Issue = 3,64,37,062 Shares
Category-wise Break up:
Anchor β 28,01,486 Shares = 170.89Crs
QIB β 18,67,658 Shares = 113.93Crs
NII β 14,00,743 Shares = 85.45Crs
RII β 32,68,401 Shares = 199.37Crs (Lot size: 24 = 1,36,183 Forms)
Total Issue β 93,38,288 Shares = 569.64Crs.
Subscription required for 1X
RII = 1,36,183 Forms
NII = 85.45 Crs
Ami Organics IPO β Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated August 25, 2021 (401 pages)
EPS for FY18-19 >>> Rs 07.40 (Page #96 of RHP)
EPS for FY19-20 >>> Rs.08.72 (Page #96 of RHP)
EPS for FY20-21 >>> Rs.17.14 (Page #96 of RHP)
RoNW for FY18-19 >>> 28.33% (Page #97 of RHP)
RoNW for FY19-20 >>> 24.57% (Page #97 of RHP)
RoNW for FY20-21 >>> 32.35% (Page #97 of RHP)
NAV as on March 31, 2021 was Rs.52.99 (Page #97 of RHP)
Listed Industry Peer Group (Page #97 of DRHP): Aarti Industries, Hikal, Valiant Organics, Vinati Organics, Neuland Laboratories, Atul
Ami Organics IPO β *Marketβs Current Estimates of oversubscription*:
NII = 20KCrs. = ~234.07X
RII = 25L Forms = 18.36X Applic. wise (Avg allotment of ~1.31 shares per lot)
Interest cost *@8.00%p.a.* for 7days = *93.59paise for 1X*
Thus, for NII the costing = 234.07 X 93.59 paise = Rs.219.06 per share (= GMP)
And, for RII the costing = 219.63 X 1.31 = Rs.286/- (= Kostak)
Ami Organics IPO β *GMP Estimated*
GMP 100 +/- 2
Kostak 131 +/- 10
Subject 2 @2,000/-