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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 | ||
| Ami Organics IPO Date | Sep 1, 2021 to Sep 3, 2021 |
| Ami Organics IPO Face Value | ₹10 per share |
| Ami Organics IPO Price | ₹603 to ₹610 per share |
| Ami Organics IPO Lot Size | 24 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹569.64 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 6,059,600 shares of ₹10 (aggregating up to ₹369.64 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | Nareshkumar Ramjibhai Patel, Chetankumar Chhaganlal Vaghasia, Shital Nareshbhai Patel and Parul Chetankumar Vaghasia are the company promoters |
Ami Organics IPO opens on Sep 1, 2021, and closes on Sep 3, 2021. The Ami Organics IPO bid date is from Sep 1, 2021 10.00 A.M. to Sep 3, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Ami Organics IPO Opening Date | Sep 1, 2021 |
| Ami Organics IPO Closing Date | Sep 3, 2021 |
| Basis of Allotment | Sep 8, 2021 |
| Initiation of Refunds | Sep 9, 2021 |
| Credit of Shares to Demat | Sep 13, 2021 |
| Ami Organics IPO Listing Date | Sep 14, 2021 |
The Ami Organics IPO lot size is 24 shares. A retail-individual investor can apply for up to 13 lots (312 shares or ₹190,320).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 24 | ₹14,640 |
| Maximum | 13 | 312 | ₹190,320 |
| Pre Issue Share Holding | 47.23% |
| Post Issue Share Holding | 41.05% |
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...
The Ami Organics IPO is subscribed 64.54 times on Sep 3, 2021 5:00:00 PM. 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)
Application Wise IPO Subscription (Retail): 11.4 times
| Category | Subscription (times) |
|---|---|
| QIB | 86.64 |
| NII | 154.81 |
| Retail | 13.36 |
| Total | 64.54 |
| Listing Date | Tuesday, September 14, 2021 |
| BSE Script Code | 543349 |
| NSE Symbol | AMIORG |
| Listing In | B Group of Securities |
| ISIN | INE00FF01017 |
| IPO Price | ₹610 per share |
| Face Value | ₹10 per share |
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Ami Organics Limited
Plot No. 440/4, 5 & 6, Road No. 82/A
GIDC Sachin, Surat – 394 230
Phone: +91 261 239 7193
Email: cs@amiorganics.com
Website: http://www.amiorganics.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: amiorganics.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Ami Organics IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹569.64 Crores. The issue is priced at ₹603 to ₹610 per share. The minimum order quantity is 24 Shares.
The IPO opens on Sep 1, 2021, and closes on Sep 3, 2021.
Link Intime India Private 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 Sep 1, 2021 and closes on Sep 3, 2021.
Ami Organics IPO lot size is 24 Shares and the minimum order quantity is .
You can apply in Ami Organics IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ami Organics IPO will be done on Sep 8, 2021, and the allotted shares will be credited to your demat account by Sep 13, 2021. Check the Ami Organics IPO allotment status.
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1) If Indian Market Not Negative Below 0.40% And Other Markets Not Below Average 0.50%.
2) If The Retailers Dont Put Sell Orders @ 9.45am And Can Wait For 1st 15 Minutes Not To Sell. (The Main Point)
** Summary, If Above Conditions Are Full Filled Then...
The Way QIB''s & NII Has Applied And The Way API Stocks Looking Good For Future. I See 830 - 850 In 2-3 Weeks. If Market Is Green Then Chance of This Target On Listing Day Is Possible Too.
** My Personal View.