Ami Organics IPO – Schedule *(Tentative)*
20th Aug – Announcement of Price Band
24th Aug – Anchor Investors Allotment
25th Aug – Offer Opens
27th Aug – Offer Closes
01st Sept – Finalisation of Basis of Allotment
02nd Sept – Unblocking of ASBA Accounts
03rd Sept – Credit of Equity Shares to Depository Accounts
06th Sept – Commencement of Trading
Ami Organics IPO – Issue Information *(Tentative)*
Issue Opens on: 25 August 2021
Issue Closes on: 27 August 2021
Issue Type: Book Built Issue IPO
Issue Size: 1,10,34,724 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.600 – Rs.603 Share
Discount: NIL
Market Lot: 24 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 3,15,00,000 Shares
Fresh Issue of 49,75,124 Shares @603/- = Rs.300.00Crs
Offer for Sale of 60,59,600 Shares @603/- = Rs.365.39Crs
Equity Shares outstanding after the Issue = 3,64,75,124 Shares
Category-wise Break up:
Anchor – 33,10,417 Shares = 199.62Crs
QIB – 22,06,945 Shares = 133.08Crs
NII – 16,55,209 Shares = 99.81Crs
RII – 38,62,153 Shares = 232.89Crs (Lot size: 24 = 1,60,923 Forms)
Total Issue – 1,10,34,724 Shares = 665.39Crs.
Subscription required for 1X
RII = 1,60,923 Forms
NII = 99.81 Crs
Ami Organics IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus Dated June 04, 2021 (403 pages)
EPS for FY18-19 >>> Rs 07.40 (Page #90 of DRHP)
EPS for FY19-20 >>> Rs.08.72 (Page #90 of DRHP)
EPS for FY20-21 >>> Rs.17.14 (Page #90 of DRHP)
RoNW for FY18-19 >>> 28.33% (Page #91 of DRHP)
RoNW for FY19-20 >>> 24.57% (Page #91 of DRHP)
RoNW for FY20-21 >>> 32.35% (Page #91 of DRHP)
NAV as on March 31, 2021 was Rs.52.99 (Page #91 of DRHP)
Listed Industry Peer Group (Page #97 of DRHP): Aarti Industries, Hikal, Valiant Organics, Vinati Organics, Neuland Laboratories, Atul
Ami Organics IPO – *Market’s Current Estimates of oversubscription*:
NII = 25KCrs. = ~250.48X
RII = 20L Forms = 12.43X Applic. wise (Avg allotment of ~1.93 shares per lot)
Interest cost *@8.00%p.a.* for 7days = *92.52paise for 1X*
Thus, for NII the costing = 250.48 X 92.52 paise = Rs.231.73 per share (= GMP)
And, for RII the costing = 231.73 X 1.93 = Rs.447/- (= Kostak)
Ami Organics IPO – *GMP Estimated*
GMP 230 +/- 2
Kostak 445 +/- 10
Subject 2 @4,700/-