Ami Organics initiated its business operations in 2004. The company has a development line for APIs. It is also involved in the manufacturing of agricultural chemicals. It has been able to successfully develop more than 440 Pharma intermediaries. The company not only deals into domestic markets but also exports its products to more than 20 countries in the world. There are 3 manufacturing facilities owned by the company in Gujarat.
IPO DETAILS
Ami Organics Limited IPO is set to launch on 1st Sept., 2021. The subscription timeline extends till 3rd Sept., 2021. The size for the IPO is 569.64 Crore Rs.. Shares issued through Offer for sale are 369.64 Crore Rs. Shares worth Rs. 200 Crores are issued through Fresh issue. The minimum lot size is 24 shares and the price is set at 603 Rs. – 610 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Link Intime Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 1st Sept., 2021 |
| CLOSING DATE FOR IPO | 3rd Sept., 2021 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 603 Rs. – 610 Rs. |
| LOT SIZE | 24 shares |
| MINIMUM ORDER QUANTITY | 24 shares |
| ISSUE SIZE | 569.64 Crore Rs. |
| OFFER FOR SALE | 200.00 Crore Rs. |
| FRESH ISSUE | 369.64 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 14th Sept., 2021 |
IMPORTANT DATES
| IPO OPENING DATE | 1st Sept., 2021 |
| CLOSING DATE FOR IPO | 3rd Sept., 2021 |
| IPO ALLOTMENT DATE | 8th Sept., 2021 |
| REFUNDS | 9th Sept., 2021 |
| DEMAT A/C CREDITED ON | 13th Sept., 2021 |
| IPO LISTING DATE | 14th Sept., 2021 |
The Ami Organics Limited IPO begins for subscription from 1st Sept., 2021. The IPO subscription would continue till 3rd Sept., 2021. The allotment status for the shareholders who applied would come on 8th Sept., 2021. The refunds for the ones who did not get allotment would be initiated on 9th Sept., 2021. The DEMAT accounts of shareholders would be credited on 13th Sept., 2021. The listing of the company would be accompanied on 14th Sept., 2021.
LEAD MANAGERS
The promoters of the company are Chetankumar Vaghasia, Parul Vaghasia, Nareshkumar Patel and Shital Patel. The share of promoters pre-IPO launch was 47.23% and it will be decreased to 41.05% post-IPO launch.
The lead managers are :
- Axis Capital Limited
- Intensive Fiscal Services Private Limited
- Ambit Private Limited
The minimum lot size for the company is decided at 24 shares. This holding accounts to 14640 Rs.. The maximum lot size is decided at 312 shares. This amounts to Rs. 190320. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 24 shares | 14640 Rs |
| Maximum | 312 shares | 190320 Rs |
OBJECTIVES FOR THE IPO
- The money from the IPO can also be utilized to meet general corporate purposes.
- The company has a debt base on it which needs to be repaid.
COMPANY FINANCIALS
| Particulars (in Million Rs.) | 2020-21 | 2019-20 | 2018-19 |
| ASSETS | 4132 | 2318 | 2131 |
| REVENUE | 3419 | 2424 | 2388 |
| NET PROFIT | 539 | 274 | 232 |
The asset base of the company is around 4100 Crore Rs in 2021. The company has been constantly increasing its assets. The assets have doubled in the 2 years. The increase of 1.5 times is noticed in 2021. The revenues are in line with the assets. However the increase is also in pace with the assets. The revenues are close to 3400 Crore Rs. The revenues have almost increased by 1.5 times in 2 years of time span. The profits of the company are quite organised in pace with the revenues and assets. Hence the increased profits and renu8es are both in proportion with the assets.
The financial track record for the company is stable and constant. One can think of investing in it on the basis of the financial performance.
PROS
- It has a capacity to produce more than 6000 MT pa.
- Ami Organics also exports its products.
- Some of its major customers are Laurus Labs, Cipla Ltd. etc.
CONS
- The company has a debt base which needs to be paid off.
Ami Organics Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section
- Click the Ami Organics Limited IPO button and press the BID button
- Entering the details asked for like UPI ID, Quantity and price
- Submit the application form of IPO
- Visiting the application of UPI for approving the transaction
Now, applying for an IPO online is possible with most of the Discount and online brokers.
