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Ami Organics IPO is a book built issue of Rs 569.64 crores. The issue comprises of fresh issue of Rs 200.00 crore and offer for sale of 0.61 crore shares.
Ami Organics IPO bidding started from September 1, 2021 and ended on September 3, 2021. The allotment for Ami Organics IPO was finalized on Wednesday, September 8, 2021. The shares got listed on BSE, NSE on September 14, 2021.
Ami Organics IPO price band is set at ₹603 to ₹610 per share. The minimum lot size for an application is 24 Shares. The minimum amount of investment required by retail investors is ₹14,640.
Ambit Private Limited, Axis Capital Limited and Intensive Fiscal Services Private Limited are the book running lead managers of the Ami Organics IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Ami Organics IPO RHP for detailed information.
| IPO Date | September 1, 2021 to September 3, 2021 |
| Listing Date | September 14, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹603 to ₹610 per share |
| Lot Size | 24 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹569.64 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 6,059,600 shares of ₹10 (aggregating up to ₹369.64 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 33,158,374 |
| Share holding post issue | 36,437,063 |
Ami Organics IPO offers 6,542,342 shares. 1,854,166 (28.34%) to QIB, 1,406,453 (21.50%) to NII, 3,281,723 (50.16%) to RII. 136,738 RIIs will receive minimum 24 shares and (sNII) and (bNII) will receive minimum 336 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,854,166 (28.34%) | NA |
| NII (HNI) Shares Offered | 1,406,453 (21.50%) | |
| Retail Shares Offered | 3,281,723 (50.16%) | 136,738 |
| Total Shares Offered | 6,542,342 (100%) |
Ami Organics IPO opens on September 1, 2021, and closes on September 3, 2021.
| IPO Open Date | Wednesday, September 1, 2021 |
| IPO Close Date | Friday, September 3, 2021 |
| Basis of Allotment | Wednesday, September 8, 2021 |
| Initiation of Refunds | Thursday, September 9, 2021 |
| Credit of Shares to Demat | Monday, September 13, 2021 |
| Listing Date | Tuesday, September 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2021 |
Investors can bid for a minimum of 24 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 24 | ₹14,640 |
| Retail (Max) | 13 | 312 | ₹190,320 |
| Lot Size Calculator | |||
Nareshkumar Ramjibhai Patel, Chetankumar Chhaganlal Vaghasia, Shital Nareshbhai Patel and Parul Chetankumar Vaghasia are the company promoters
| Share Holding Pre Issue | 47.23% |
| Share Holding Post Issue | 41.05% |
Incorporated in 2004, Ami Organics Limited is one of the leading research and development driven manufacturers of specialty chemicals. The company manufactures different types of Advanced Pharmaceutical Intermediates and Active Pharmaceutical ingredients (API) for New Chemical Entities, and material for agrochemicals and fine chemicals.
The company has developed over 450 pharma intermediates across 17 key therapeutic areas i.e. anti-retroviral, anti-inflammatory, anti-psychotic, anti-cancer, anti-Parkinson, anti-depressant, and anti-coagulant. It supplies its products to more than 150 customers (including international customers) directly in India and in 25 countries overseas i.e. Europe, USA, China, Israel, Japan, Latin America, etc. Laurus Labs, Cadila Healthcare, Cipla Ltd are some of the domestic customers whereas Organike s.r.l.a. Socio Unico, Fermion Oly, Medichem S.A. and Midas Pharma GmbH are some of the international customers.
The company has three manufacturing facilities in Gujarat situated at Sachin, Ankleshwar & Jhagadia, with an aggregate installed capacity of 6,060 MTPA.
Competitive strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 4,132.68 | 2,318.92 | 2,131.52 | ||
| Total Revenue | 3,419.88 | 2,424.86 | 2,388.96 | ||
| Profit After Tax | 539.99 | 274.7 | 232.95 | ||
[Dilip Davda] Based on super financial performance for FY21, the issue is fully priced. The sustainability of such higher margins going forward is a major concern. Many options at cheaper valuations are available in secondary markets. On financial parameters, AOL is no way near to its listed peers. Greedy pricing is perhaps on account of the current fancy for chemical counters. Hence risk seeker/cash surplus investors may take a call of investment with a long term perspective. Read detail review...
The Ami Organics IPO is subscribed 64.54 times on September 3, 2021 5:00:00 PM. The public issue subscribed 13.36 times in the retail category, 86.64 times in the QIB category, and 154.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 11.4 times
| Category | Subscription (times) |
|---|---|
| QIB | 86.64 |
| NII | 154.81 |
| Retail | 13.36 |
| Total | 64.54 |
| Listing Date | September 14, 2021 |
| BSE Script Code | 543349 |
| NSE Symbol | AMIORG |
| ISIN | INE00FF01017 |
| Final Issue Price | ₹610 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹610.00 |
| ₹902.00 |
| ₹841.20 |
| ₹967.25 |
| ₹934.55 |
| NSE |
|---|
| ₹610.00 |
| ₹910.00 |
| ₹841.00 |
| ₹966.70 |
| ₹935.00 |
Ami Organics Limited
Plot No. 440/4, 5 & 6, Road No. 82/A
GIDC Sachin, Surat – 394 230
Phone: +91 261 239 7193
Email: cs@amiorganics.com
Website: http://www.amiorganics.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: amiorganics.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Ami Organics IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹569.64 Crores. The issue is priced at ₹603 to ₹610 per share. The minimum order quantity is 24 Shares.
The IPO opens on September 1, 2021, and closes on September 3, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ami Organics IPO using UPI as a payment gateway. Zerodha customers can apply in Ami Organics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ami Organics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ami Organics IPO opens on September 1, 2021 and closes on September 3, 2021.
Ami Organics IPO lot size is 24 Shares, and the minimum amount required is ₹14,640.
You can apply in Ami Organics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ami Organics IPO will be done on Wednesday, September 8, 2021, and the allotted shares will be credited to your demat account by Monday, September 13, 2021. Check the Ami Organics IPO allotment status.
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** My Personal View.