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Ami Organics IPO is a book build issue of ₹569.64 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to ₹200.00 crores and offer for sale of 0.61 crore shares aggregating to ₹369.64 crores.
Ami Organics IPO bidding started from Sep 1, 2021 and ended on Sep 3, 2021. The allotment for Ami Organics IPO was finalized on Sep 8, 2021. The shares got listed on BSE, NSE on Sep 14, 2021.
Ami Organics IPO price band is set at ₹610.00 per share . The lot size for an application is 24. The minimum amount of investment required by an retail is ₹14,472 (24 shares). The lot size investment for sNII is 14 lots (336 shares), amounting to ₹2,04,960, and for bNII, it is 69 lots (1,656 shares), amounting to ₹10,10,160.
Ambit Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹603 to ₹610 per share |
| Issue Price Final | ₹610 per share |
| Lot Size | 24 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 93,38,288 shares (aggregating up to ₹569.64 Cr) |
| Fresh Issue | 32,78,688 shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 60,59,600 shares of ₹10 (aggregating up to ₹369.64 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,31,58,374 shares |
| Share Holding Post Issue | 3,64,37,063 shares |
Ami Organics IPO offers total 93,38,288 shares. Out of which 46,69,143 (50.00%) allocated to QIB, 18,67,658 (20.00%) allocated to QIB, 14,00,744 (15.00%) allocated to NII, 32,68,401 (35.00%) allocated to RII and 28,01,485 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 46,69,143 (50.00%) | NA |
| − Anchor Investor Shares Offered | 28,01,485 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 18,67,658 (20.00%) | NA |
| NII (HNI) Shares Offered | 14,00,744 (15.00%) | NA |
| Retail Shares Offered | 32,68,401 (35.00%) | 1,36,183 |
| Total Shares Offered | 93,38,288 (100.00%) |
Ami Organics IPO opens on September 1, 2021, and closes on September 3, 2021.
| IPO Open Date | Wed, Sep 1, 2021 |
| IPO Close Date | Fri, Sep 3, 2021 |
| Tentative Allotment | Wed, Sep 8, 2021 |
| Initiation of Refunds | Thu, Sep 9, 2021 |
| Credit of Shares to Demat | Mon, Sep 13, 2021 |
| Tentative Listing Date | Tue, Sep 14, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 3, 2021 |
Investors can bid for a minimum of 24 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 24 | ₹14,640 |
| Retail (Max) | 13 | 312 | ₹1,90,320 |
| S-HNI (Min) | 14 | 336 | ₹2,04,960 |
| S-HNI (Max) | 68 | 1,632 | ₹9,95,520 |
| B-HNI (Min) | 69 | 1,656 | ₹10,10,160 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||
The Company Ami Organics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/prepayment of certain financial facilities availed by the Company | 140.00 |
| 2 | Funding working capital requirements of the Company; and | 90.00 |
| 3 | General corporate purposes | 45.98 |
[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...
| Listing Date | September 14, 2021 |
| BSE Script Code | 543349 |
| NSE Symbol | AMIORG |
| ISIN | INE00FF01017 |
| Final Issue Price | ₹610 per share |
| BSE Listing Group | B |
Ami Organics Ltd.
Plot No. 440/4, 5 & 6, Road No. 82/A
GIDC Sachin, Surat – 394 230
Sachin, Gujarat
Phone: +91 261 239 7193
Email: cs@amiorganics.com
Website: http://www.amiorganics.com/
MUFG Intime India Pvt.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 93,38,288 equity shares of the face value of ₹10 aggregating up to ₹569.64 Crores. The issue is priced at ₹610 per share. The minimum order quantity is 24.
The IPO opens on September 1, 2021, and closes on September 3, 2021.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹14,640.
You can apply in Ami Organics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Ami Organics IPO listing date is on Tuesday, September 14, 2021.
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