Ami Organics IPO Basis of Allotment

Our Company was initially formed as a partnership firm under the Partnership Act, 1932 as "Ami Organics'' with effect from January 3, 2004 at Surat, India. The firm converted into a private limited company under the Companies Act. 1956 under the name of "Ami Organics Private Limited" with a certificate of incorporation dated June 12, 2007, issued by the Registrar of Companies. Gujarat, Dadra and Nagar Haveli. Subsequently, our Company was converted into a public limited company, following which our Company's name was changed to "Ami Organics Limited", and a fresh certificate of incorporation was issued by the Registrar of Companies. Gujarat at Ahmedabad ("RoC") on April 18, 2018. For further details, see "History and Certain Corporate Matters" on page 181 of the Prospectus

INITIAL PUBLIC OFFERING OF 9,338,288 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF AMI ORGANICS LIMITED (THE "COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs. 610 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 600 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO Rs. 5,696.36 MILLION. THE OFFER COMPRISES OF A FRESH ISSUE OF 3,278,688 EQUITY SHARES AGGREGATING TO Rs 2,000* MILLION ("FRESH ISSUE") AND AN OFFER FOR SALE OF 6,059,600 EQUITY SHARES, CONSTITUTING 700.000 EQUITY SHARES BY PARUL CHETANKUMAR VAGHASIA ("PROMOTER SELLING SHAREHOLDER"), 1,500,000 EQUITY SHARES BY GIRISHKUMAR LIMBABHAI CHOVATIA, 3,050,000 EQUITY SHARES BY KIRANBEN GIRISHBHAI CHOVATIA, 174,600 EQUITY SHARES BY ARUNA JAYANTKUMAR PANDYA 87,300 EQUITY SHARES BY HINA INDRESHBHAI SHAH, 87,280 EQUITY SHARES BY HARSHAD RAMLAL SHETH, 76,200 EQUITY SHARES BY DHIRAJLAL AMRUTLAL AMLANI, 75,000 EQUITY SHARES BY VRUSHTI ATULKUMAR SHAH, 63,000 EQUITY SHARES BY JOLITBHAI JASVANTLAL SHAH* 55,920 EQUITY SHARES BY NISHIT ATULKUMAR SHAH, 49,000 EQUITY SHARES BY SURABHIYASH SHAH, 32,000 EQUITY SHARES BY NARMADA AMRUTLAL AMLANI. 26,500 EQUITY SHARES BY SHANTI DEVI KANKARIA, 19,000 EQUITY SHARES BY DIVYA MAHENDRA KUMAR KANKARIA, 15,000 EQUITY SHARES BY CHOVATIYA HARESH H. 14,910 EQUITY SHARES BY AMITABEN JOLITBHAISHAH 14.500 EQUITY SHARES BY SARYU DHIRAJLAL AMLANI, 10,000 EQUITY SHARES BY KOLADIA MEHUL M, 8,700 EQUITY SHARES BY JYOTIBEN RAKESHBHAI LAHOTI'*' AND 690 EQUITY SHARES BY SHAH DISHA JOLIT* (COLLECTIVELY, "SELLING SHAREHOLDERS" AND SUCH EQUITY SHARES "OFFERED SHARES") AGGREGATING TO 3,696.36 MILLION ("OFFER FOR SALE" AND TOGETHER WITH THE FRESH ISSUE, THE "OFFER"). THE OFFER CONSTITUTES 25.63% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL.

*OUR COMPANY, IN CONSULTATION WITH THE BRLMS, HAS UNDERTAKEN A PRE-IPO PLACEMENT OF EQUITY SHARES AGGREGATING TO Rs 1,000 MILLION (THE 'PRE-IPO PLACEMENT'). THE SIZE OF THE FRESH ISSUE HAS BEEN REDUCED BY Rs 1,000 MILLION PURSUANT TO THE PRE-IPO PLACEMENT. ACCORDINGLY, THE FRESH ISSUE SIZE IS Rs 2.000 MILLION.

The Offer was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules. 1957. as amended ("SCRR") read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs' and such allocation, the 'QIB Portion'), provided that our Company and the Selling Shareholders may, in consultation with the BRLMs. allocated to 60% of the QIB Portion to Anchor Investors on a discretionary basis on accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further. 5% of the Net QIB Portion was available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs. including Mutual Funds, subject to valid Bids being received at or above the Offer Price Further, not less than 15% of the Offer was available for allocation on a proportionate basis to Non-Institutional Bidders ('NIB') and not less than 35% of the Offer was available for allocation to Retail Individual Bidders ("RIB") in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Bidders (except Anchor Investors) were required to mandatory participate in the Offer only through the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Accounts (including UPI ID in case of RIBs. if applicable) which was blocked by the SCSBs. or the Sponsor Bank, as applicable, to participate m the Offer. Anchor Investors were not permitted to participate m the Anchor Investor Portion through the ASBA process For details, see 'Offer Procedure' on page 332 of the Prospectus.

The bidding for Anchor Investor opened and closed on August 31, 2021. The company received 20 applications from 15 anchor investors (including 4 mutual funds through 9 Mutual Fund Schemes) for 3,032,904 Equity Shares The Anchor investor price was finalized at Rs 610 per Equity Share A total of Rs. 601.485 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs 1,708,905,850.

The Offer (excluding Anchor Investor portion) received 1,337,670 applications for 415,483,392 Equity Shares (prior to technical rejections) resulting in 63.5606 times subscription. The details of the applications received in the Offer from various categories are as under, (before technical rejections):

Final Demand

A summary of the final demand as at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the BSE on September 08, 2021.

A. Allotment to Retail Individual Bidders (after technical rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Offer Price of Rs 610 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 11.30 times. The total number of Equity Shares Allotted m Retail Portion is 3,268,401 Equity Shares to 136,183 successful Retail Individual Bidder. The category-wise details of the Basis of Allotment are as under:

Please Note 1 additional Share shall be allotted to 9 Allottee from amongst 8697 Successful Applicants from the serial no. 2 to 13 (i.e. Excluding successful applicants from serial no 1) in the ratio of 9:8697

B. Allotment to Non-Institutional Bidders (After Technical Rejections)(Sample)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price of Rs. 610 per Equity Share or above, was finalized in consultation with BSE. The Non-Institutional Portion has been subscribed to the extent of 155.42 times. The total number of Equity Shares Allotted in this category is 1,400,744 Equity Shares to 1.906 successful Non-Institutional Bidder. The category-wise details of the Basis of Allotment are as under:

C. Allotment to QIBs

Allotment to QIBs. who have Bid at the Offer Price of Rs. 610 per Equity Share or above, has been done on a proportionate basis m consultation with the BSE. This category has been subscribed to the extent of 85.12 times of QIB Portion. As per the SEBI Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i e. 93,383 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 1,774,275 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 1,867,658 Equity Shares, which were allotted to 90 successful QIB Bidders The category-wise details of the Basis of Allotment are as under:

D. Allotment to Anchor Investors

The Company and the Selling Shareholders, in consultation with the BRLMs. have allocated 2,801,485 Equity Shares to 15 Anchor Investors (through 20 Applications) at the Anchor Investor Offer Price of Rs. 610 per Equity Share in accordance with the SEBI Regulations This represents 60% of the QIB Portion.

The IPO Committee of our Company on September 08, 2021 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum- Intimations and/ or notices will be dispatched to the address of the investors as registered with the depositories Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on September 08, 2021 and payment to non-Syndicate brokers have been issued on September 08, 2021 In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on September 09, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned The Company has filed the Listing application with NSE and BSE on September 09, 2021. The Company has received listing and trading approval from NSE and BSE and the trading will commence on September 14, 2021.

All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder. Bid cum Application Form number. Bidder DP ID, Client ID, PAN. date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder. Bid cum Application Form number. Bidder DP ID. Client ID. PAN. date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

	Link Intime India Private Limited
	C101.1st Floor. 247 Park. L.B.S Marg. Vikhroli (West). Mumbai - 400 083. Maharashtra. India
	Tel +91 22 4918 6200
	Email: amiorganics.ipo@linkintime.co.in
	Investor Grievance E-mail: amiorganics.ipo@lmkintime.co.in
	Website: www.linkintime.co.in
	Contact Person Shanti Gopalkrishnan
	SEBI Registration No: INR000004058

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF AMI ORGANICS LIMITED.

AMI Organics Limited has filed the Prospectus with RoC. The Prospectus is available on the website of SEBI at www.sebi.gov.in  websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com respectively, and is available on the websites of the BRLMs i.e. Intensive Fiscal Services Private Limited. Ambit Private Limited and Axis Capital Limited at www.intensivefiscal.com, www.ambit.co and www.axiscapital.co.in, respectively. Bidders should note that investment in equity shares involves a high degree of risk and for details relating to the same, please see the section entitled 'Risk Factors' on page 23 of the Prospectus.

This announcement does not constitute an offer of Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States.