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Ami Organics Limited IPO : Key Highlights and Financial Details

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.