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Ami Organics Limited IPO Detail

Ami Organics Limited IPO Detail
Incorporated in 2004, Ami Organics Limited is one of the leading research and development driven manufacturers of specialty chemicals. The company manufactures different types of Advanced Pharmaceutical Intermediates and Active Pharmaceutical ingredients (API) for New Chemical Entities, and material for agrochemicals and fine chemicals.

The company has developed over 450 pharma intermediates across 17 key therapeutic areas i.e. anti-retroviral, anti-inflammatory, anti-psychotic, anti-cancer, anti-Parkinson, anti-depressant, and anti-coagulant. It supplies its products to more than 150 customers (including international customers) directly in India and in 25 countries overseas i.e. Europe, USA, China, Israel, Japan, Latin America, etc. Laurus Labs, Cadila Healthcare, Cipla Ltd are some of the domestic customers whereas Organike s.r.l.a. Socio Unico, Fermion Oly, Medichem S.A. and Midas Pharma GmbH are some of the international customers.

The company has three manufacturing facilities in Gujarat situated at Sachin, Ankleshwar & Jhagadia, with an aggregate installed capacity of 6,060 MTPA.

Competitive strengths:

  • One of the leading manufacturers of certain Pharma Intermediates i.e. Dolutegravir, Trazodone, Entacapone, Nintedanib and Rivaroxaban.
  • Strong and diversified product portfolio with 450+ Pharma Intermediates across 17 therapeutic areas.
  • Extensive geographical presence and diversified customer base.
  • Strong R&D, sales and marketing capabilities
  • Consistent financial performance track record.

Company Promoters

Nareshkumar Ramjibhai Patel, Chetankumar Chhaganlal Vaghasia, Shital Nareshbhai Patel and Parul Chetankumar Vaghasia

IPO Details

IPO Opening DateSep 01, 2021
IPO Closing DateSep 03, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹603 - 610 per equity share
Market Lot24 Shares
Min Order Quantity24 Shares
Listing AtBSE, NSE
Issue Size₹569.64 Cr
Fresh Issue₹200.00 Cr
Offer for Sale6,059,600 Eq Shares of ₹10 (aggregating up to ₹369.64 Cr)
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 1.39x 0.40x 2.82x - 1.90x
Day 2 1.43x 1.51x 6.32x - 3.90x
Day 3 86.64x 154.81x 13.37x - 64.54x

IPO Tentative Timetable

The Ami Organics Limited IPO open date is Sep 01, 2021, and the close date is Sep 03, 2021. The issue may list on Sep 14, 2021.

IPO Open DateSep 01, 2021
IPO Close DateSep 03, 2021
Basis of Allotment DateSep 08, 2021
Initiation of RefundsSep 09, 2021
Credit of Shares to Demat AccountSep 13, 2021
IPO Listing DateSep 14, 2021

IPO Lot Size

The Ami Organics Limited IPO market lot size is 24 shares. A retail-individual investor can apply for up to 13 lots (312 shares or ₹190320).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding47.23%
Post Issue Share Holding41.05%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 413.27 341.99 54.00
31-Mar-20 231.89 242.49 27.47
31-Mar-19 213.15 238.90 23.30

Objects of the Issue:

  • Repayment/prepayment of certain financial facilities availed by our Company.
  • Funding working capital requirements of our Company.
  • General corporate purposes.