Ami Organics was incorporated on January 3, 2004. It is a a research and development driven manufacturer of specialty chemicals with varied end usage, focussed towards the development and manufacturing of advanced pharmaceutical intermediates for regulated and generic active pharmaceutical ingredients and New Chemical Entities and key starting material for agrochemical and fine chemicals
| Bidding Dates |
|---|
| 01 Sep 2021 - 03 Sep 2021 |
| Subscription |
|---|
| 64.54x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,640 | 1 | 13 | 24 | 9.3 M | ₹603 - ₹610 | 74.37 % | ₹5631.0 M - ₹5696.4 M | RHP DOC |
Ami Organics IPO SUBSCRIPTION STATUS
03 Sep '21Ami Organics IPO overall subscription rate was 64.54 times the total available shares
Ami Organics IPO retail subscription rate was 13.36 times in the retail segment
Ami Organics IPO non-institutional investor subscription rate was 154.81 times in the non-institutional investor category
Ami Organics IPO Qualified Institutional Bidder subscription rate was 86.64 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Sep 2021 (Day 3) | 13.36x | 154.81x | 86.64x |
02 Sep 2021 (Day 2) | 6.32x | 1.51x | 1.43x |
01 Sep 2021 (Day 1) | 2.82x | 0.4x | 1.39x |
Ami Organics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| FY21 | 540.0 | 3,406.1 | 271.5 | -769.0 | 23.5% |
| FY20 | 274.7 | 2,396.4 | 270.8 | 57.5 | 17.1% |
| FY19 | 233.0 | 2,385.1 | 148.4 | -65.5 | 17.6% |
Ami Organics IPO SUBSCRIPTION STATUS DETAILS
Ami Organics had 9.3 M shares on offer
Ami Organics IPO offer price was in the range ₹603 - ₹610
Ami Organics IPO minimum Investment was ₹14640
Ami Organics IPO issue size was ₹ 5631.0 M - ₹ 5696.4 M
Ami Organics had a minimum lot size of 24 Shares per application
Ami Organics NUMBER OF SHARES ON OFFER
Ami Organics IPO IMPORTANT DATES
| Issue Open Date | 01 Sep 2021 |
| Issue close Date | 03 Sep 2021 |
| Allotment Date | 08 Sep 2021 |
| Refund Date | 09 Sep 2021 |
| Demat Account Credit Date | 13 Sep 2021 |
| Listing Date | 14 Sep 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Ami Organics Allotment Status | Exchange |
Ami Organics IPO subscription opened on 01 Sep 2021, and closed on 03 Sep 2021
IPO allotment for Ami Organics was finalized on Wednesday, 08 Sep 2021
IPO listing for Ami Organics was on NSE and BSE on Tuesday, 14 Sep 2021
Ami Organics IPO LISTING GAINS
| Issue Price (adjusted) | 305.0 |
| Listing Open Price | 902.0 |
| Listing Close Price | 934.5 |
| Listing Gain% | 47.9% |
| Current Gain% | 981.3% |
Ami Organics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Acutaas Chemicals Ltd. | 3297.9 | 12016.6 | 69.9 | 0.7 | 18.5 | 21.5 | 18 | 1381 | 34.9 | 356.3 | 124.5 | 47.2 | 104.3 |
| Sun Pharmaceutical Industries Ltd. | 1945 | 466670.7 | 38.6 | 2.3 | 7.8 | 13.7 | 10.6 | 60433.8 | 10.8 | 11479.4 | 5 | 50.4 | 16.6 |
| Divi's Laboratories Ltd. | 8275 | 219675.3 | 75.1 | 2.8 | 19.6 | 15.3 | 12.8 | 11067 | 14 | 2568 | 17.2 | 110.2 | 26.8 |
| Torrent Pharmaceuticals Ltd. | 4924 | 187293.2 | 85.9 | 9.6 | 11.9 | 25.8 | 4.9 | 13886.2 | 20.3 | 2163.4 | 13.2 | 57.3 | 8.9 |
| Cipla Ltd. | 1463.8 | 118253.6 | 35.1 | -0.9 | 4.2 | 11.3 | 9.1 | 29044.6 | 2.2 | 3879.2 | -26.4 | 41.7 | -37.5 |
| Zydus Lifesciences Ltd. | 1114.2 | 112114.6 | 22.2 | 2.3 | 4.1 | 18.6 | 9.6 | 27657.9 | 17.6 | 5040 | 11.4 | 50.1 | 9.6 |
Ami Organics INFORMATION ON IPO ISSUE
About Ami Organics
Ami Organics was incorporated on January 3, 2004. It is a a research and development driven manufacturer of specialty chemicals with varied end usage, focussed towards the development and manufacturing of advanced pharmaceutical intermediates for regulated and generic active pharmaceutical ingredients and New Chemical Entities and key starting material for agrochemical and fine chemicals
Object of the Issue
1. Repayment/prepayment of certain financial facilities availed by our Company.
2. Funding working capital requirements of our Company.
3. General corporate purposes.
Ami Organics - PROMOTERS
| Name |
|---|
| Nareshkumar Ramjibhai Patel |
| Chetankumar Chhaganlal Vaghasia |
| Shital Nareshbhai Patel |
| Parul Chetankumar Vaghasia |
Ami Organics Book Running Lead Managers
Intensive Fiscal Services Private Limited
amiorganics.ipo@intensivefiscal.com
Ambit Private Limited
ami.ipo@ambit.co
Axis Capital Limited
ami.ipo@axiscap.in
Ami Organics Registrar to the Offer
Link Intime India Private Limited
amiorganics.ipo@linkintime.co.in
Ami Organics Strengths
Leading manufacturers
One of the leading manufacturers of certain Pharma Intermediates i.e. Dolutegravir, Trazodone, Entacapone, Nintedanib and Rivaroxaban.
Product portfolio
Strong and diversified product portfolio with 450+ Pharma Intermediates across 17 therapeutic areas.
Geographical presence
Extensive geographical presence and diversified customer base
marketing capabilities
Strong research and development, sales, and marketing capabilities
Financial performance
Consistent financial performance track record
Ami Organics Risks
Dependent on few products
The company derives a significant portion of the revenue from the sale of products in certain therapeutic areas
Related party transactions
The company has in the past entered into related party transactions and may continue to do so in the future
Concentrated facilites
Manufacturing facilities are concentrated in a single state
IPO FAQs
Ami Organics Ltd. IPO listing opened at Rs 902.00 while the issue price was Rs 610.00 giving 47.87% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 305.00 giving 981.28% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 369.6 crore, of 6,059,600 shares. It also consists of a fresh issue of Rs 200.0 crore.
The promoters of the company are Nareshkumar Ramjibhai Patel, Chetankumar Chhaganlal Vaghasia, Shital Nareshbhai Patel and Parul Chetankumar Vaghasia.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 603.0 - 610.0.
The IPO application opens on Sep 01, 2021 and closes on Sep 03, 2021.
The minimum lot size for the IPO is 24. The maximum lot size for the IPO is 312.
For all category investors, the minimum application amount for this IPO is Rs. 14,640.0, the maximum value for this IPO is Rs 190,320.0.
This IPO will be allotted on Sep 08, 2021.
The refund will be credited to your account on Sep 09, 2021.
The allotted shares will be credited to your demat on Sep 13, 2021.
Ami Organics Ltd.’s shares listed on the stock exchanges on Sep 14, 2021.