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About Ami Organics IPO
Ami Organics started its journey as a partnership firm in 2004 in Surat and became a private limited company in 2007. Fast forward 11 years, Ami Organics filed for its IPO for the first time to convert into a public limited company. However, even after receiving a nod from SEBI, the IPO did not materialise.
Currently, Ami Organics is one of the popular names in India’s speciality chemical manufacturing business. The company operates in multiple product segments, including agrochemicals, polymers, and cosmetics. The company also extends assistance in customer synthesis and contract manufacturing for custom projects. It caters to a global customer base in the UK and other European countries, the USA, China, Japan, Israel, and Latin America.
Ami Organics IPO Objectives
- Allocate Rs. 140 crores of the proceeds towards debt repayment
- Use Rs. 90 crores to meet various working capital requirements
Ami Organics IPO - Details
Ami Organics’ IPO will include a fresh issue worth Rs. 200 crores, and offer for sale of about 60.6 lakh shares from current stakeholders and promoters.
According to their DRHP, the company also plans to launch a pre-IPO placement of Rs. 100 crores. However, that is subject to discussions with lead managers of the IPO.
The further details of this IPO, such as opening and closing dates, listing date, refund initiation date, and others, are not confirmed yet. We will update the details in the table when Ami Organics discloses further information.
Opening Date
Sep 1, 2021
Closing Date
Sep 3, 2021
Price Band
₹603 - ₹610
per equity share
Issue Size
₹565 - ₹570 Cr
Face Value
₹ 10
per equity share
Market Lot
24 shares
Opening Date
Sep 1, 2021
Closing Date
Sep 3, 2021
Price Band
₹603 - ₹610
per equity share
Issue Size
₹565 - ₹570 Cr
Face Value
₹ 10
per equity share
Market Lot
24 shares
Listing at NSE, BSE
Ami Organics IPO Important Dates
| IPO Open Date | Sep 1, 2021 |
|---|---|
| IPO Close Date | Sep 3, 2021 |
| Basis Of Allotment Date | Sep 8, 2021 |
| Initiation Of Refunds | Sep 9, 2021 |
| Credit Of Shares To Demat ACcount |
Sep 13, 2021 |
| IPO Listing Date | Sep 14, 2021 |
Ami Organics IPO Latest News and Subscription Status Today [Live]
At 05:05 p.m.
- This IPO has been subscribed 64.53x by 5:05 PM. on Day 3
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 86.64x
- (NII) Non-institutional buyers: 154.81x
- (RII) Retail Individual buyers: 13.35x
At 04:15 p.m.
- This IPO has been subscribed 23.16x by 4:15 PM. on Day 3
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 86.64x
- (NII) Non-institutional buyers: 154.81x
- (RII) Retail Individual buyers: 10.36x
At 02:05 p.m.
- This IPO has been subscribed 23.16x by 2:05 PM. on Day 3
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 21.71x
- (NII) Non-institutional buyers: 54.56x
- (RII) Retail Individual buyers: 10.36x
At 12:55 p.m.
- This IPO has been subscribed 7.25x by 12:55 PM. on Day 3
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 5.38x
- (NII) Non-institutional buyers: 5.11x
- (RII) Retail Individual buyers: 9.23x
At 11:50 a.m.
- This IPO has been subscribed 5.56x by 11:50 AM. on Day 3
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 2.22x
- (NII) Non-institutional buyers: 3.00x
- (RII) Retail Individual buyers: 8.55x
At 10:30 a.m.
- This IPO has been subscribed 4.50x by 10:30 AM. on Day 3
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.43x
- (NII) Non-institutional buyers: 1.72x
- (RII) Retail Individual buyers: 7.43x
At 05:10 p.m.
- This IPO has been subscribed 3.31x by 5:10 PM. on Day 2
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 1.51x
- (RII) Retail Individual buyers: 6.32x
At 03:40 p.m.
- This IPO has been subscribed 3.31x by 3:40 PM. on Day 2
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.90x
- (RII) Retail Individual buyers: 5.43x
At 02:30 p.m.
- This IPO has been subscribed 3.15x by 2:30 PM. on Day 2
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.88x
- (RII) Retail Individual buyers: 5.12x
At 01:30 p.m.
- This IPO has been subscribed 2.81x by 1:30 PM. on Day 2
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.72x
- (RII) Retail Individual buyers: 4.51x
At 12:30 p.m.
- This IPO has been subscribed 2.49x by 12:30 PM. on Day 2
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.49x
- (RII) Retail Individual buyers: 3.98x
At 11:30 a.m.
- This IPO has been subscribed 2.39x by 11:30 AM. on Day 2
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.48x
- (RII) Retail Individual buyers: 3.77x
At 10:30 a.m.
- This IPO has been subscribed 2.19x by 10:30 AM. on Day 2
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.47x
- (RII) Retail Individual buyers: 3.38x
At 05:10 p.m.
- This IPO has been subscribed 1.87x by 5:10 PM. on Day 1
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.40x
- (RII) Retail Individual buyers: 2.78x
At 04:10 p.m.
- This IPO has been subscribed 1.72x by 4:10 PM. on Day 1
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.36x
- (RII) Retail Individual buyers: 2.50x
At 03:10 p.m.
- This IPO has been subscribed 1.58x by 3:10 PM. on Day 1
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.32x
- (RII) Retail Individual buyers: 2.24x
At 02:10 p.m.
- This IPO has been subscribed 1.45x by 2:10 PM. on Day 1
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.39x
- (NII) Non-institutional buyers: 0.31x
- (RII) Retail Individual buyers: 1.97x
At 12:35 p.m.
- This IPO has been subscribed 0.83x by 12:35 PM. on Day 1
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.30x
- (RII) Retail Individual buyers: 1.52x
At 11:35 a.m.
- This IPO has been subscribed 0.57x by 11:35 AM. on Day 1
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.26x
- (RII) Retail Individual buyers: 1.02x
At 10:48 a.m.
- This IPO has been subscribed 0.33x by 10:45 AM. on Day 1
- It is a public issue of 65,42,342 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.65x
How to apply for Ami Organics IPO?
You can apply for the Ami Organics IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book
Ami Organics IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for
Ami Organics IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
Ami Organics IPO – Noteworthy Highlights
Since its incorporation in 2007, Ami Organics has emerged as a leading R&D-driven speciality chemical manufacturer with a broad range of customers. They focus on producing ‘advanced pharmaceuticals intermediates’ for generic and regulated New Chemical Entities and APIs along with major starting agents for agrochemical. Other essential highlights of this IPO are –
1. Ami Organics has developed more than 450 pharmaceuticals intermediates for APIs and 148 NCEs spanning across 17 segments.
2. The company is allocating resources to develop solutions for high-margin segments such as anti-inflammatory, anti-Parkinson, and anti-depressant to cater to global market demands.
3. To expand its capacity, the company recently acquired Gujarat Organics Limited.
4. Ami Organics have amassed Rs. 3011.41 million from its operations in Pharma Intermediates. It accounts for about 88% of the total revenue from operations.
5. Ami Organics is a leading supplier of Pharma Intermediates to major pharmaceutical firms across the globe. Exports are a major part of the company’s revenue, contributing about 51% in FY2021.
Ami Organics IPO - SWOT Analysis
Competitive Analysis: Market Peers
| Competitor | Face value | Sector P/E | Market Cap. | Dividend yield |
| Aarti Industries Ltd | 5 | 45.49 | 32,456 | 0.50 |
| Hikal Ltd | 2 | 40.48 | 6,545 | 0.38 |
| Valiant Organics Ltd | 10 | 45.49 | 3,912 | 0.35 |
| Vinati Organics Ltd | 1 | 71.25 | 19,900 | 0.31 |
| Neuland Laboratories Ltd | 10 | 40.48 | 2,559 | 0.25 |
| Atul Ltd | 10 | 31.28 | 27,138 | 0.22 |
Ami Organics IPO FAQs
What is the Ami Organics IPO?
When will Ami Organics IPO open for subscription?
What is the minimum lot size that retail investors can subscribe to?
What is the expected face value of Ami Organics IPO?
What will be the IPO price band for Ami Organics?
Who are the merchant bankers of the Ami Organics IPO?
Who is the registrar for Ami Organics IPO?
Which categories of investors are allowed to participate in this IPO?
Who are the promoters of Ami Organics?
How do I apply for Ami Organics IPO via Angel One App?
Step 1: Go to the 'Investment Opportunities' section on the Angel One app
Step 2: Navigate to ‘IPOs and FPOs’, select the option and click on necessary details
Step 3: Enter NPCI approved UPI ID
Step 4: Click on ‘Invest’ for placing your IPO order
Where to check my UPI ID?
How much do I have to pay to apply for Ami Organics IPO?
Can I apply for AMI Organics IPO if I do not have a UPI ID?
How can I create my UPI ID?
Step 1: Get the BHIM app
Step 2: Verify mobile number
Step 3: Register passcode to open BHIM App
Step 4: Choose your bank from the given options to fetch bank details If you have multiple accounts, select one that you wish to register with BHIM
Step 5: Set a security PIN for UPI
Step 6: Check UPI ID
Why can’t I apply for Ami Organics IPO through my UPI ID?
When will I receive the UPI mandate request after placing Ami Organics IPO order?
How do I approve Ami Organics IPO mandate request?
Even after approving the mandate request, the status on the Angel One app shows 'pending'. What shall I do?
By when should I approve a UPI mandate request?
Why am I unable to find my UPI Handle from the dropdown menu on the Angel One app while applying for Ami Organics IPO?
Can I submit more than one application for AMI Organics IPO?
Can an NRI apply for Ami Organics IPO via the Angel One app?
Can I apply for Ami Organics IPO via my HUF account?
Can I use a bank account that is not linked with Angel One to apply for Ami Organics IPO?
Can I apply for Ami Organics IPO using my current account?
My daughter is below 18. Can I use her account to apply for Ami Organics?
Why was my account not debited after I applied for Ami Organics IPO?
●If shares are allotted, then the amount will be debited from the applicant's bank account.
●In case shares are not allotted, the amount is unblocked or released to the designated account either on or before the expiry date of the UPI mandate.
Can I modify my bid in Ami Organics IPO?
Can I cancel my Ami Organics IPO bid?
Follow these steps to cancel your application:
Step 1: Navigate to ‘Investment Opportunities’ tab on Angel One app.
Step 2: Go to Head to ‘IPOs and FPOs’.
Step 3: Click on ‘Order Book’ option.
Step 4: Select Ami Organics IPO order.
Step 5: Click on the ‘Details’ option.
Step 6: Select the ‘Cancel’ option to delete the IPO application.
How to check IPO application status?
Step 1: Navigate to ‘Investment Opportunities’.
Step 2: Choose ‘IPOs & FPOs’ option.
Step 3: Click on ‘Order Book’
Once you cover these steps, you can see the IPO application status.
Why is my Ami Organics IPO application rejected?
●Wrong entry of UPI ID or UPI PIN when approving the UPI mandate request
●Using bank A/c, Demat A/c, or UPI ID that is not mapped to the same PAN
For e.g., Jack is using John's UPI ID to apply for Ami Organics IPO through his Demat A/c. However, Jack's application gets rejected because:
●John’s bank A/C is not linked to Jack’s Demat A/c
●Jack’s PAN is not linked with John’s UPI ID
