Ami Organics Ltd Share Price: IPO Date, Price, GMP, Review, Details
Ami Organics Ltd Share Price: IPO Date, Price, GMP, Review, Details
Specialty chemical company Ami Organics, which opened its initial public offer on August 31, raised Rs 170,89 crore from 20 investors.
The subscription offer opens on 1 September and concludes on 3 September.
Ami Organics Limited is one of the leading research and development (“R&D”) driven manufacturers of specialty chemicals with varied end usage, focused towards the development and manufacturing of advanced pharmaceutical intermediates for regulated and generic Active Pharmaceutical Ingredients (“APIs”) and New Chemical Entities (“NCE”) and key starting material for agrochemical and fine chemicals, especially from its recent acquisition of the business of Gujarat Organics Limited (“GOL”).
The company has developed and commercialized over 450 Pharma Intermediates for APIs across 17 key therapeutic areas since inception and NCE, with a strong focus on R&D across select high-growth high margin therapeutic areas such as anti-retroviral, anti-inflammatory, anti-psychotic, anti-cancer, anti-Parkinson, anti-depressant and anti-coagulant, for use across the global pharmaceutical market.
| Opening Date | September 01, 2021 |
| Closing Date | September 03, 2021 |
| Face Value | Rs. 10 per equity share |
| IPO Price Band | Rs. 603 to 610 per equity share |
| Minimum Order Quantity | 24 equity shares |
| Issue Size | Rs. 569.64 crores |
Ami Organics Ltd IPO date
The upcoming IPO issue of the company is set to open up to the public for subscription on September 01, 2021. The last date for subscription of the shares of the company would be on September 03, 2021.
Ami Organics Ltd IPO issue size
The total issue size of the latest IPO of Ami Organics is around Rs. 569.64 crores. The issue consists of both a fresh issue component as well as an offer for sale (OFS) from the promoters. The fresh issue of shares would net around Rs. 200 crores for the company. On the other hand, the OFS would likely generate around Rs. 369.64 crores, which will go to the promoters.
Ami Organics Ltd IPO share price
The price band of the company’s IPO has also been notified. The price range starts from Rs. 603 per equity share and goes up to Rs. 610 per equity share.
Ami Organics Ltd IPO listing
As with all mainboard IPOs, this IPO issue from Ami Organics would also be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Ami Organics Ltd IPO objectives
The proceeds received from the sale of the fresh issue of shares would be used towards repayment of the company’s financial obligations and for funding its working capital requirements.
