Ami Organics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Ami Organics IPO release date, IPO offer price, subscription, Ami Organics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 603 to Rs 610 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 24 Shares |
| Listing Date | Sep 14, 2021 |
| Offer for Sale | Rs 3696.40 Million |
| Fresh Issue | Rs 2,000 Million |
| IPO Size | Rs 5696.40 Million |
| Tick Size | 1 |
Ami Organics IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Ami Organics IPO – Summary
They are one of the leading research and development (“R&D”) driven manufacturers of specialty chemicals with varied end usage, focusing on the development and manufacturing of advanced pharmaceutical intermediates (“Pharma Intermediates”) for regulated and generic active pharmaceutical ingredients (“APIs”) and New Chemical Entities (“NCE”) and key starting material for agrochemical and fine chemicals, especially from their recent acquisition of the business of Gujarat Organics Limited (“GOL”)(“Acquisition”).
As per the F&S Report, they are one of the major manufacturers of Pharma Intermediates for certain key APIs, including Dolutegravir, Trazodone, Entacapone, Nintedanib, and Rivaroxaban. The Pharma Intermediates which they manufacture, find application in certain high-growth therapeutic areas including anti-retroviral, anti-inflammatory, anti-psychotic, anti-cancer, anti-Parkinson, anti-depressant, and anti-coagulant, commanding significant market share both in India and globally.
The Promoter of this company is NARESH KUMAR RAMJIBHAI PATEL, CHETANKUMAR CHHAGANLAL VAGHASIA, SHITAL NARESHBHAI PATEL, AND PARUL CHETANKUMAR VAGHASIA. The lead manager to the issue is Intensive Fiscal Services Private Limited, Ambit Private Limited, and Axis Capital Limited, and the Registrar to this issue is Link Intime India Private Limited.
Ami Organics IPO Date
The opening and the closing date of the IPO of Ami Organics Limited are September 1, 2021, and September 3, 2021, respectively.
Check out Related IPO Links:
| Ami Organics IPO GMP |
| Allotment – Ami Organics IPO |
Ami Organics IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 1st Sep | 1.39x | 0.40x | 2.82x | 1.90x |
| 2nd Day – 2nd Sep | 1.43x | 1.51x | 6.32x | 3.90x |
| 3rd Day – 3rd Sep | 86.64x | 154.81x | 13.36x | 64.54x |
| Shares Offered or Net Issue | 1,854,166 | 1,406,453 | 3,281,723 | 6,542,342 |
The shares subscribed by the public will be updated here.
Check Ami Organics IPO LIVE Subscription
- Ami Organics IPO LIVE Bid details on BSE
- Ami Organics IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Ami Organics IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Ami Organics Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 8, 2021 |
| Refunds Initiation | Sep 9, 2021 |
| Credit of Shares to Demat Account | Sep 13, 2021 |
| Share Listing Date | Sep 14, 2021 |
Ami Organics IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 603 to Rs 610
Ami Organics IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs 603 to Rs 610 per equity share aggregating to Rs.5696.40 Million.
Ami Organics IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.5696.40 Million
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Ami Organics IPO – Live Performance
The listing date of this IPO is Sep 14, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Ami Organics Share Price |
Ami Organics IPO Grey Market Premium
The Ami Organics Limited IPO Grey Market Premium price is Rs 150, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0.
Ami Organics IPO – Company Overview
They have developed and commercialized over 450 Pharma Intermediates for APIs across 17 key therapeutic areas since inception and NCE, with a strong focus on R&D across select high-growth high margin therapeutic areas such as anti-retroviral, anti-inflammatory, anti-psychotic, anti-cancer, anti-Parkinson, anti-depressant,, and anticoagulant, for use across the global pharmaceutical market.
Their Pharma Intermediates used for manufacturing of APIs and NCEs portfolio has expanded from over 425 products as of March 31, 2019, to over 450 products as of March 31, 2021. They believe that their focus on R&D and continuous process improvement has positioned them as a preferred supplier to their customers.
Their revenue from operations from their Pharma Intermediates business was 3,011.41 million, ₹2,178.83 million and ₹2,033.91 million respectively, for Fiscals 2021, 2020, and 2019, accounting for 88.41%, 90.92%, and 85.28% of their total revenue from operations, for the same periods. The sales turnover for Fiscal 2021 (which is based on verification of form GSTR-1) of the 2 plants acquired as part of the recent Acquisition, was ₹ 1,060.37 million.
Ami Organics IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 4,132.68 | 2,318.92 | 2,131.52 |
| *Total Revenue | 3,419.88 | 2,424.86 | 2,388.96 |
| Total Expense | 2,702.61 | 2,077.32 | 2,037.85 |
| Profit After Tax | 539.99 | 274.70 | 232.95 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 17.14 | 8.72 | 7.40 |
Ami Organics IPO – Promoters
The Promoter of this company is:
- NARESHKUMAR RAMJIBHAI PATEL
- CHETANKUMAR CHHAGANLAL VAGHASIA
- SHITAL NARESHBHAI PATEL
- PARUL CHETANKUMAR VAGHASIA
List of Related Parties (Key Managerial Personnel)
- Naresh Kumar Ramjibhai Patel, Executive Chairman, and Managing Director
- Chetankumar Chhaganlal Vaghasia, Whole-time Director
- Virendra Nath Mishra, Whole-time Director
- Girikrishna Suryakant Maniar, Independent Director
- Richa Manoj Goyal, Independent Director
- Hetal Madhukant Gandhi, Independent Director
Ami Organics IPO – Promoters Holding
- Pre Issue Share Holding – 47.23%
- Pos Issue Share Holding – 41.05%
Ami Organics IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.5696.40 Million |
| of which: | |
| Fresh Issue | Up to [●] Equity Shares aggregating up to Rs.2,000 Million |
| Offer for Sale | Up to 6,059,600 Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 33,158,374 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Ami Organics IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment/prepayment of certain financial facilities availed by their Company;
2. Funding working capital requirements of their Company
3. General corporate purposes.
Ami Organics IPO – Business Strategy
- Diversification of product portfolio by strengthening R&D capabilities
- Augmenting scale through organic and inorganic routes in the current geographic markets and expanding into new geographic markets
- Continue to focus on cost efficiency and improving productivity while employing environmentally friendly processes
- Diversification of their business by focussing on organic and inorganic growth opportunities
Ami Organics IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strong and diversified product portfolio ably supported by strong R&D and process chemistry skills
- Extensive geographical presence and diversified customer base with long-standing relationships
- High entry barriers in the chemicals manufacturing industry in which the Company operates
- Strong sales and marketing capabilities
- Experienced and Dedicated Management Team
- Consistent financial performance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 17.14 | 32.35 | 52.99 |
| 31-Mar-20 | 8.72 | 24.57 | – |
| Mar-19 | 7.40 | 28.33 | – |
Ami Organics IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Million) | |
| Ami Organics Limited | 10 | – | 17.14 | 32.35 | 3,406.08 |
| Listed Peers | |||||
| Aarti Industries Ltd | 5 | 56.98 | 30.04 | 14.94 | 45,061.00 |
| Hikal Ltd | 2 | 35.44 | 10.80 | 14.27 | 17,204.40 |
| Valiant Organics Ltd | 10 | 37.11 | 44.68 | 22.81 | 7,548.08 |
| Vinati Organics Ltd | 1 | 67.45 | 26.20 | 17.45 | 9,542.58 |
| Neuland Laboratories Ltd | 10 | 33. 02 | 62. 85 | 10.25 | 9,369.13 |
| Atul Ltd | 10 | 38.74 | 221.17 | 17.14 | 37,314.70 |
Ami Organics IPO Lead Managers
| Lead Managers |
|
Intensive Fiscal Services Private Limited Ambit Private Limited Axis Capital Limited |
Ami Organics IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400 083, Maharashtra, India Tel: +91 22 4918 6200 Email: amiorganics.ipo@linkintime.co.in Investor Grievance E-mail: amiorganics.ipo @linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Ami Organics IPO – Other Details
- Statutory Auditor – Maheshwari & Co., Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Ami Organics IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Ami Organics Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Ami Organics IPO Review FAQs
What is the Issue Size of Ami Organics IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Ami Organics IPO?
The price band for this particular IPO ranges between Rs 603 to Rs 610. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Ami Organics IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 1, 2021, while the closing date is set at September 3, 2021.
What is the Ami Organics IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 8, 2021, refund initiation is on Sep 9, 2021, credit of shares is on Sep 13, 2021, and share listing date is on Sep 14, 2021.
What is the Ami Organics IPO Listing Date?
Shares of this company shall be listed in the exchanges on Sep 14, 2021. The date, when the listing would be done, is stagnant on Sep 14, 2021.
Who is the Registrar of Ami Organics IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Ami Organics IPO?
Here are the promoters of this IPO – NARESH KUMAR RAMJIBHAI PATEL, CHETANKUMAR CHHAGANLAL VAGHASIA, SHITAL NARESHBHAI PATEL, AND PARUL CHETANKUMAR VAGHASIA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Ami Organics IPO?
They have obtained the GMP of this IPO and it is Rs 150. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Ami Organics IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Ami Organics Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 539.99, 2020 is 274.70, and 2019 is 232.95.
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