Ami Organics, a specialty chemical business in Surat, will sell its equity shares in a three-day initial public offering (IPO). The Ami Organics initial public offering (IPO) will begin on September 1 and end on September 3. Ami Organics intends to raise 569.64 crores through the IPO, with its shares priced in the range of 603-610 per equity share. Retail investors can bid in lots of 24 shares or more, up to a maximum of 13 lots.
Qualified institutional purchasers will receive 50% of the shares sold in the IPO, retail investors will receive 35%, and non-institutional bids will receive 15%. In the IPO, one lot of Ami Organics shares will cost 14,640 at the highest price band, and retail investors can bid for a maximum of 1,90,320 shares.
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Ami Organics’ initial public offering (IPO) comprises a 369.64 crore offer for sale and a new issue of 200 crores. The present promoters and owners have offered to sell 60.6 lakh shares in the company. Ami Organics has received Rs 100 crore in a pre-IPO placement from Plutus Wealth Management, Malabar India Fund, IIFL Special Opportunities Fund, and Malabar Value Fund.
Ami Organics is a prominent R&D-driven manufacturer of specialty chemicals with a wide range of end uses, with a particular focus on the discovery and manufacturing of sophisticated pharmaceutical intermediates. Ami Organics is a leading supplier of Pharma Intermediates for several important APIs.
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Ami Organics currently has eight pending process patent applications and three further pending process patent applications, all of which were filed in March 2021. The issue’s book running lead managers are Axis Capital, Intensive Fiscal, and Ambit Pvt Ltd, while Link Intime registrar.
