Bookbuilding IPO | ₹570 Cr | Listed at BSE, NSE | Wed, Sep 1, 2021 - Fri, Sep 3, 2021
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 per share. The lot size for an application is 24. The minimum amount of investment required by an retail is ₹14,640 (24 shares) (based on upper price). 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 Open
Wed, Sep 1, 2021
IPO Close
Fri, Sep 3, 2021
Issue Price
₹610 per share
Market Cap (Pre-IPO)
₹2,222.66 Cr
| IPO Date | 1 to 3 Sep, 2021 |
| Listed on | Tue, Sep 14, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹603 to ₹610 |
| Issue Price | ₹610 per share |
| Lot Size | 24 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 93,38,288 shares (agg. up to ₹570 Cr) |
| Fresh Issue | 32,78,688 shares (agg. up to ₹200 Cr) |
| Offer for Sale | 60,59,600 shares of ₹10 (agg. up to ₹370 Cr) |
| Share Holding Pre Issue | 3,31,58,374 shares |
| Share Holding Post Issue | 3,64,37,063 shares |
| BSE Script Code / NSE Symbol | 543349 / AMIORG |
| ISIN | INE00FF01017 |
Ami Organics IPO comprises a total issue size of 93,38,288 shares. Out of which, 46,69,143 (50.00%) are allocated to QIB, 14,00,744 (15.00%) allocated to NII 32,68,401 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 24 shares and in multiples thereof.
| 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 |
Ami Organics IPO raises ₹170.89 crore from anchor investors. Ami Organics IPO Anchor bid date is August 31, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Aug 31, 2021 |
| Shares Offered | 28,01,485 |
| Anchor Portion (₹ Cr.) | 170.89 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 8, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 7, 2021 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Ami Organics IPO is subscribed 64.54 times on September 3, 2021 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 86.64 | 18,54,166 | 16,06,51,704 |
| NII | 154.81 | 14,06,453 | 21,77,32,320 |
| Retail | 13.36 | 32,81,723 | 4,38,52,272 |
| Total | 64.54 | 65,42,342 | 42,22,36,296 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission) | 41.48 |
| 2 | Selling commission and processing fees payable to Syndicate Members, Sponsor Bank, SCSBs, the Registered Brokers, RTAs and CDPs, as applicable | 4.86 |
| 3 | Fees payable to the Registrar to the Offer | 0.21 |
| 4 | Others - i. Listing fees, SEBI filing fees, upload fees, Stock Exchanges processing fees, book building software fees and other regulatory expenses | 4.07 |
| 5 | Others - ii. Printing and stationery expenses | 1.30 |
| 6 | Others - iii. Advertising and marketing expenses | 2.89 |
| 7 | Others - iv. Fees payable to legal counsel | 1.53 |
| 8 | Others - v. Miscellaneous | 1.52 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹610.00 | ₹610.00 |
| Open | ₹902.00 | ₹910.00 |
| Low | ₹841.20 | ₹841.00 |
| High | ₹967.25 | ₹966.70 |
| Last Trade | ₹934.55 | ₹935.00 |
Lead Manager Reports
Ami Organics IPO is a main-board IPO of 93,38,288 equity shares of the face value of ₹10 aggregating up to ₹570 Crores. The issue is priced at ₹610 per share. The minimum order quantity is 24.
The IPO opens on Wed, Sep 1, 2021, and closes on Fri, Sep 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 Wed, Sep 1, 2021 and closes on Fri, Sep 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 Mon, Sep 13, 2021. Check the Ami Organics IPO allotment status.
The Ami Organics IPO listing date is on Tue, Sep 14, 2021.
