AMI Organics IPO Allotment | AMI Organics IPO Subscription Status | Share Price of AMI Organics IPO
Ami Organics Limited was founded in the year 2004. It is a prominent specialty chemical manufacturer focused on research and development. Advanced Pharmaceutical Intermediates and Active Pharmaceutical Ingredients (API) for New Chemical Entities, as well as materials for agrochemicals and fine chemicals, are manufactured by the company. Check out today’s AMI Organics IPO GMP also known as IPO Gray Market Premium, Kostak, and Subject to Sauda rates. Ami Organics’ initial public offering (IPO) GMP has risen from 45 to 70 points today.
With the company’s financial performance looking excellent, we might see some positive figures in GMP as well. Read below to check the detailed information related to the AMI Organics IPO like Competitive advantages, Company Promoters, Key Dates, Allotment Date, GMP Today Price, Lot Size, Subscription Status, and much more.
AMI Organics IPO
The company has generated over 450 pharmaceutical intermediates in 17 therapeutic areas, including antiviral, anti-inflammatory, anti-cancer, anti-depressant, anti-psychotic, anti-Parkinson, and anti-coagulant medications. The company has three manufacturing locations in Gujarat are Ankleshwar, Sachin, and Jhagadia, with a total installed capacity of 6,060 MTPA. It serves over 150 customers including foreign customers directly in India and in 25 countries across the world, including Europe, China, Israel, the United States, Japan, America, Latin, and others. Domestic users include Cadila Healthcare, Laurus Labs, and Cipla Ltd, while international customers include Fermion Oly, Medichem S.A., Organic s.r.l.a. Socio Unico, and Midas Pharma GmbH.
Highlights of AMI Organics IPO
| Name | AMI Organics IPO |
| Bidding Dates | 1-09-2021 to 3-09-2021 |
| Lot Size | 24 |
| Minimum Investment | Rs. 14472 |
| Issue Size | 569.63 Cr |
| Price Range | Rs. 603 to Rs. 610 |
Objectives of IPO
Ami Organics is planning an initial public offering (IPO) on September 1, 2021. The IPO will raise approximately 665 crores for the company. They are based in Gujarat and are one of the top specialized chemical manufacturers. They have a huge customer base in India as well as internationally. In 2021, the company recorded revenue of 342 crores, compared to 242 crores in 2020. In 2021, the profit was 53.99 crores, up from 27.47 crores in 2020. 2021, the PAT climbed by 96%, while revenues increased by 41%. With their financial reports for the last three years, the company appears to be in terrific shape. The IPO price range is set at 603 to 610 dollars. The Ami Organics initial public offering will be listed on the NSE and BSE.
Competitive advantages of AMI Organics IPO
Some of the Competitive advantages of IPO are as follows:
- Dolutegravir, Trazodone, Entacapone, Nintedanib, and Rivaroxaban are only a few of the pharmaceutical intermediates manufactured by this company.
- A large geographic footprint and a diverse customer base.
- With 450+ Pharma Intermediates spanning 17 therapeutic categories, they have a strong and broad product offering.
- A track record of consistent financial performance.
- Capabilities in R&D, sales, and marketing
Company Promoters
Some of the promoters of the company are as follows
- Naresh Kumar Ramjibhai Patel,
- Parul Chetankumar Vaghasia
- Chetankumar Chhaganlal Vaghasia,
- Shital Nareshbhai Patel
Objects of the Issue
- Repayment/prepayment of specific financial facilities that our company has used.
- For general business objectives.
- Our company’s working capital requirements are being funded.
IPO – Key Dates
| IPO Opening Date | 1-September-2021 |
| IPO Closing Date | 3-September-2021 |
| Basis of Allotment Date | 8-September-2021 |
| Initiation of Refunds | 9-September-2021 |
| The credit of Shares to Demat Account | 13-September-2021 |
| IPO Listing Date | 14-September-2021 |
AMI Organics IPO Allotment Date
The finalization of this specialty chemical company’s share allotment is planned for 8-September-2021.
IPO Listing Date
The company’s shares will be listed on both the NSE and the BSE. The deadline for attempting to list shares on Indian stock markets is 14-September-2021.
AMI Organics IPO – GMP Today Price
In the grey market today, Ami Organics shares are offered at a premium of 50 rupees, implying that the grey market expects 50 rupees listing gain from this public issue today, compared to its issue price of rupees 603 to rupees 610. Although today’s price of Ami Organics IPO GMP is less than yesterday’s price of rupees 68, market analysts believe it will rise on Monday and Tuesday because the previous two days were non-trading days.
IPO Details
| IPO Opening Date | 1-September-2021 |
| IPO Closing Date | 3-September-2021 |
| IPO Price | Rs. 603 to Rs. 610 per equity share |
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 per equity share |
| Min Order Quantity | 24 Shares |
| Market Lot | 24 Shares |
| Issue Size | [.] Eq Shares of Rs. 10(aggregating up to Rs. 569.64 Cr) |
| Fresh Issue | [.] Eq Shares of Rs. 10(aggregating up to Rs. 200.00 Cr) |
| Listing At | BSE, NSE |
| Offer for Sale | 6,059,600 Eq Shares of RS. 10(aggregating up to Rs. 369.64 Cr) |
Other IPO’s
Financial Statements of the Company
A Summary of Financial Information is given in the table below:
| 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 |
IPO Lot Size
The IPO market lot size for Ami Organics is 24 shares. An individual retail investor can apply for up to 13 lots (312 shares or 190,320 rupees). Bidders will be required to submit their applications in lots, with each lot of the public offering including 24 shares of the company. A bidder can apply as little as one lot and as many as 13 lots.
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 24 | ₹14,640 |
| Maximum | 13 | 312 | ₹190,320 |
Subscription Status for AMI Organics IPO (Bidding Detail)
On 1-September-2021, at 10:28, the Ami Organics IPO was subscribed 0.29x times In the retail category, the public issue received 0.57x subscriptions, 0.00x in the QIB category, and 0.00x in the NII category. View Subscription Details daily (Live Status)
| Category | IPO Subscription |
| QIB | 0.00x |
| NII | 0.00x |
| RII | 0.57x |
| Total | 0.29x |
Promoter Holding
| Pre-Issue Share Holding | 47.23% |
| Post Issue Share Holding | 41.05% |
AMI Organics IPO Size
The company’s promoters expect to raise 569.64 crores through this public offering. This 569.64 crores public offering comprises fresh issuance of 200 crores and an Offer for Sale (OFS) worth 369.64 crores.
Ami Organics IPO Reviews or Ratings
The Reviews or Ratings are given in the table below:
| Anand Rathi | Apply |
| Stock Edge | Neutral |
| Kotak Securities | Neutral |
| Axis Capital | Neutral |
| Marwadi Shares and Finance Limited | Apply |
| Capital Market | May apply |
| TopShareBrokers.com | Apply |
| Dilip Davda | May apply |
Ami Organics IPO Prospectus
The prospectus of IPO is as follows:
- RHP
- DRHP
Contact Details of Company
For any queries or details which you want to know regarding the IPO feel free to contact us on the below-given details:
Address:
- Friend Organics Limited
- Plot No. 440/4, 5 & 6, Road No. 82 / A
- GIDC Sachin, Surat – 394 230
- Phone Number: +91 261 239 7193
- Email Id: cs@amiorganics.com
- Official Website: http://www.amiorganics.com/
Lead Managers of Ami Organics IPO
Some of the Lead Managers are as follows:
- Ambit Private Limited
- Axis Capital Limited
- Intensive Fiscal Services Private Limited
Reports of Lead Manager
- List of IPOs handled by a Lead Manager
- Lead Manager Performance Tracker