INSUBCONTINENT EXCLUSIVE:
Ami Organics IPO was subscribed 64.54 times.Ami Organics IPO: Ami Organics shares will list on the National Stock Exchange and BSE on
Ami Organics three-day share sale via initial public offering (IPO) which ended on September 3 saw very high demand for its shares among
The IPO was subscribed 64.54 times according to the data on the National Stock Exchange
Ami Organics raised Rs 569.64 crore from the IPO and it had priced its shares in the band of Rs 603-610 per equity share
Retail investors were allowed to place their bids in lot size of 24 shares up to maximum of 13 lots
(Also Read: Here's How To Check Share Allotment Status Of Ami Organics IPO)Ami Organics IPO consisted of an offer for sale of Rs 369.64
crore and fresh issue of Rs 200 crore
The offer for sale had 60.6 lakh shares by its existing promoters and shareholders.Non-institutional investors showed very high interest in
the Ami Organics IPO as the portion reserved for them was subscribed 154.81 times the highest among the three groups of investors
The portion set aside for the qualified institutional buyers or QIB was subscribed 86.64 times, while the portion set aside for the retail
individual investors was subscribed 13.36 times.Ami Organics is a research and development-driven manufacturer of specialty chemicals
It manufactures different types of advanced pharmaceutical intermediates and active pharmaceutical ingredients (API).The company is one of
the leading manufacturers of certain pharma intermediates such as Trazodone, Dolutegravir, Nintedanib, Entacapone, and Rivaroxaban
It will utilise the pre-IPO and fresh issue proceeds to repay debts and to meet its working capital requirements.
