At the end of the third day, Ami Organics’ IPO received a total subscription of 64.54 times, receiving 42,22,36,296 bids for its shares. The IPO issue size here is worth Rs. 569.64 crores. As per the DRHP, it includes fresh issue shares of up to Rs. 200 crores and an OFS of Rs. 369.64 crores.
Following is an elaboration on how the Ami Organics IPO performed on Day 3 of its subscription:
Qualified Institutional Buyers have submitted bids for 16,06,51,704 shares in comparison to the 18,54,166 shares assigned for them. Therefore, the total shares were subscribed 86.64 times.
In the Retail Individual Investors segment, this IPO received bids for 4,38,52,272 shares against the reserved 32,81,723 shares. Resultantly, an oversubscription of 13.36 times has been registered.
Applications from the Non-Institutional Investors stood at 21,77,32,320 shares compared to 14,06,453 shares reserved for them. Therefore, it was oversubscribed by 154.81 times.
Here’s a representation of how Ami Organics IPO has performed during these 3 days of bidding:
|Category of Investors
Here’s a summary of the subscription shares of Ami Organics received against its allotted shares for the first 2 days.
Ami Organics has successfully surpassed the initial expectations as this public issue received an oversubscription of 64.54 times. Nevertheless, investors who have not managed secure allotment on this opportunity can invest in these shares once they are listed on NSE and BSE.
At the same time, potential investors must take note of Ami Organics’ financials and business fundamentals before going ahead.
The refund initiation date of Ami Organics IPO is 9 September 2021.
The listing date for this Ami Organics IPO is 14 September 2021.
Link Intime India Pvt Ltd has been appointed as the registrar of Ami Organics IPO.
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