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]

Day 3 : 03 Sep 2021
Day 2 : 02 Sep 2021
Day 1 : 01 Sep 2021

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

 

Why Should You Invest in Ami Organics IPO?

Ami Organics is one of the leading speciality chemical manufacturers in this country. Their USP is a strong R&D facility and a global client base. Following are some reasons to subscribe to its IPO –

1.Going into the IPO, the company sits on a strong revenue stream. For FY2021, it has reported net sales of Rs. 3406 crores, 42.15% higher than FY2020 when their net sale was Rs. 2396 crores.

2.The total asset of the company has grown by 78% to Rs. 4132.68 crores between FY2021 and FY2020.

3.Ami Organics delivered profits for two consecutive fiscal years of 2019 – 20 and 2020 – 21.

4.Besides the domestic market, the company has successfully expanded its overseas operations, increasing export revenues from 45.89% in 2020 to 51.57% in 2021. Also, between FY2019 and 21, their export revenue registered a CAGR of 21.84%.

5.The wide product portfolio comprising over 450 APIs and 148 NCEs across 17 segments helps cater to numerous segments with high growth potential.

Financial Highlights

Period Total Assets (In Rs. millions) Total Revenue (In Rs. millions) Total Profit After Tax (In Rs. millions)
FY 2020 - 2021 4,132.68 2.419.88 539.99
FY 2019 - 2020 2,318.92 2,424.86 274.7
FY 2018 - 2019 2,131.52 2,388.96 232.95

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

strengths

Strengths

  • Diverse Product Portfolio: The company boasts a robust and broad product portfolio supported by a strong research and development unit. The company has more than 148 NCEs and 450 APIs in 17 segments.
  • Global Presence: Ami Organics has a wide geographical presence in countries like the USA, the UK, Europe, China, Latin America, Israel, and Japan.
  • Strong Finances: It has a strong financial base with profits in back-to-back fiscals of 2020 and 2021.
Weaknesses

Weaknesses

  • Dependency on Export: Ami Organics highly depends on exports to generate revenue. However, it can backfire if any new regulation comes into effect.
Opportunities

Opportunities

  • Potential of the Indian Chemical Market: The Indian chemical market is expected to reach $326 billion by 2025 at a CAGR of 12%, and the speciality chemical industry makes up for 47% of this segment. Moreover, the domestic speciality chemical market is likely to register a CAGR of 11% to 12%. Hence, Ami Organics is well poised to benefit from such a positive outlook.
Threats

Threats

  • Existing Competition: Ami Organics might face stiff competition from various listed peers like Aarti Industries Ltd and Hikal Ltd, limiting its clientele expansion opportunities.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Brand recognition: The company has a global footprint in more than 24 countries with a partnered network of over 1.5 million restaurants.
  • Business model: Zomato follows a B2C business model that connects customers to a wide network of restaurants. The company has an asset-less business model, giving it high financial leverage.
  • Marketing: Zomato follows a robustly creative marketing strategy both online and offline. Accordingly, it has a decent customer engagement and has over 11.2 million active users each month.
  • User-friendly: The Zomato app and web portal come with an easy-to-navigate UI.

Weaknesses 

  • Competition: Newer food delivery platforms with unique offerings are mushrooming now more than ever. It not only limits Zomato’s market expansion scope but also imposes a threat to its existing customer base.
  • Business model: Though Zomato’s business model is currently working in its favour, there are high chances tech developments could impose a foundational threat. If Zomato stops innovating and improving its customer service, its very successful business model could restrain its potential.

Opportunities 

  • Market expansion: Zomato is active in 25 countries. Moreover, it has not reached the saturation point yet. Therefore, given its current market momentum and growth potential, it can be expected that the food delivery service will witness upward mobility and rapid market expansion in the next couple of years.
  • Online users: The percentage of smartphones users with interest access is increasing every day. This opens up a great growth opportunity for Zomato to expand its target base and market presence.
  • Technological development: As the tech space continues to bring in newer innovations, it could open newer paths for Zomato to explore.

Threats 

  • Competition: Newer food delivery platforms with unique offerings are mushrooming now more than ever. It not only limits Zomato’s market expansion scope but also imposes a threat to its existing customer base.
  • Business model: Though Zomato’s business model is currently working in its favour, there are high chances tech developments could impose a foundational threat. If Zomato stops innovating and improving its customer service, its very successful business model could restrain its potential.

Competitive Analysis: Market Peers

Following is an overview of how their listed market peers performed as of 27 July 2021 –

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
** Note: Market cap is mentioned in crores

Ami Organics IPO FAQs

What is the Ami Organics IPO?

Ami Organics IPO comprises fresh issue shares worth Rs. 200 crores and OFS of about 60.6 lakh shares from current stakeholders and promoters. The total IPO issue size will aggregate to Rs. 569.64 crores.

When will Ami Organics IPO open for subscription?

Ami Organics IPO will open for subscription on 1 September 2021.

What is the minimum lot size that retail investors can subscribe to?

Retail investors can subscribe to a minimum of 1 lot, comprising 24 shares of Ami Organics.

What is the expected face value of Ami Organics IPO?

The expected face value of Ami Organics IPO is Rs. 10.

What will be the IPO price band for Ami Organics?

Ami Organics has set the price band at Rs. 603 - Rs. 610 per share.

Who are the merchant bankers of the Ami Organics IPO?

Ambit Pvt Ltd, Axis Capital, and Intensive Fiscal Services Pvt Ltd are the merchant bankers appointed for this Ami Organics IPO.

Who is the registrar for Ami Organics IPO?

Link Intime India Private Limited is the registrar appointed for managing this public offering.

Which categories of investors are allowed to participate in this IPO?

Retail individual investors, non-institutional investors and qualified institutional buyers are the categories of investors who will participate in this public offering.

Who are the promoters of Ami Organics?

Naresh Kumar Ramjibhai Patel, Shital Nareshbhai Patel, Parul Chetankumar Vaghasia, and Chetankumar Chhaganlal Vaghasia are the promoters of Ami Organics.

How do I apply for Ami Organics IPO via Angel One App?

You can apply for AMI Organics IPO by following these steps:
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?

Go to the profile section of your choice of UPI app to find your respective UPI ID. Click here to check the steps involved to know how to locate UPI IDs for common apps.

How much do I have to pay to apply for Ami Organics IPO?

When you apply for Ami Organics IPO, you do not have to pay any charge.

Can I apply for AMI Organics IPO if I do not have a UPI ID?

If you do not have a UPI ID, create one with any of the common UPI handles. However, make sure the one you pick features in NPCI list. Conversely, you can apply for Ami Organics IPO through ASBA with a bank or in the physical form.

How can I create my UPI ID?

Create your UPI ID with BHIM app in these steps:
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?

You can apply for IPOs only through NCPI approved UPI IDs. If you cannot apply for Ami Organics IPO, find out from the list of apps and banks approved by NPCI for providing UPI service.

When will I receive the UPI mandate request after placing Ami Organics IPO order?

You will receive UPI mandate request after 15 to 10 minutes of bidding for Ami Organics IPO. However, sometimes you may face a delay in receiving the mandate request from the bank.

How do I approve Ami Organics IPO mandate request?

You can easily approve Ami Organics IPO mandate request on your UPI app. To understand the steps involved to approve Ami Organics IPO mandate, click here.

Even after approving the mandate request, the status on the Angel One app shows 'pending'. What shall I do?

Note that the UPI mandate request on the Angel One app does not get updated in real-time. The status reflects in your order book shortly after approving the mandate.

By when should I approve a UPI mandate request?

Ideally, you can approve the mandate request before 12 pm of the following working day after the IPO has been closed. Regardless, you must make it a point to approve the UPI mandate request at the earliest.

Why am I unable to find my UPI Handle from the dropdown menu on the Angel One app while applying for Ami Organics IPO?

If you do not find your UPI Handle from the dropdown list on Angel One’s IPO page, it could mean that the app you are using is not NPCI approved. In such a case, you can either create another UPI ID or use another one that is acknowledged in the NPCI list.

Can I submit more than one application for AMI Organics IPO?

Even though you apply via multiple platforms with the same PAN, your application is prone to rejection and non-allotment. This is why only one application per PAN is recommended.

Can an NRI apply for Ami Organics IPO via the Angel One app?

NRIs cannot apply for Ami Organics via the Angel One app. However, you can initiate the IPO application process via physical ASBA procedure with your bank.

Can I apply for Ami Organics IPO via my HUF account?

You can apply via HUF account via physical ASBA procedure with the bank. Note that you cannot apply for Ami Organics IPO via the Angel One app.

Can I use a bank account that is not linked with Angel One to apply for Ami Organics IPO?

Yes, you can apply for Ami Organics IPO using a bank account that is not linked with Angel One. However, such an account must be in your, i.e., investor’s name.

Can I apply for Ami Organics IPO using my current account?

Most banks prefer savings account and do not always process IPO applications made out through a current account. It is recommended to talk to your bank for more clarity and streamline the IPO application accordingly.

My daughter is below 18. Can I use her account to apply for Ami Organics?

Angel One app does not permit a minor to apply through its portal. Regardless, a minor can apply on your behalf through the physical ASBA process via your bank.

Why was my account not debited after I applied for Ami Organics IPO?

Per the ASBA procedure, banks block or hold applicants’ money when they apply for an 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?

Yes, you can modify your bid in terms of UPI ID or lot size and UPI ID after you have placed an order. Note that once you approve the UPI mandate request of a concerning order and decide to modify it later, the IPO bid amount gets blocked along with the original IPO bid. Subsequently, you will receive another mandate for the newly modified bid. In case you did not approve the original mandate request, no amount will be blocked for the initial bid.

Can I cancel my Ami Organics IPO bid?

Yes, you can cancel your Ami Organics IPO bid on Angel One App. Also, not withdrawal, deletion and cancellation of IPO application is the same thing.
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?

After applying for Ami Organics IPO, you can follow these steps to check your 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?

A few of the common reasons for Ami Organics IPO application rejection are:
●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

When will funds be blocked and unblocked?

Typically, funds are blocked after you approve the UPI mandate request for an IPO. However, funds are released or unblocked either on or before the expiry date of UPI mandate if shares are not allotted via IPO. In case funds are not released after the expiry date of UPI mandate, make sure to get in touch with your bank.

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