Ami Organics' Initial Public Offering (IPO) worth Rs 569.64 crore will begin on
September 1, 2021. The public offering of the specialty chemical maker, which
will be accessible until September 3, would include a fresh issue of 200 crore
and an offer for sale (OFS) by existing investors such as Parul
Chetankumar Vaghasia and Kiranben Girishbhai Chovatia which will contributed up
to 369.64 crore. The price range has been set by the firm at Rs 603-Rs 610 per
share. On September 14, Ami Organics' shares are expected to debut on both the
NSE and the BSE.
to the public offering may bid for a minimum of one lot of 24 shares and a
maximum of thirteen lots.
Organics Limited, founded in 2004, is a leading research and development-driven
maker of specialty chemicals. The company produces a variety of Advanced
Pharmaceutical Intermediates and Active Pharmaceutical Ingredients (API) for
New Chemical Entities, as well as materials for agrochemicals and fine
pharmaceutical intermediates have been produced by the business in 17 core
therapeutic areas, including anti-retroviral, anti-inflammatory,
anti-psychotic, anti-cancer, anti- Parkinson's, anti-depressant, and
anti-coagulant. It serves over 150 customers (including foreign customers)
directly in India and in 25 countries across the world, including Europe, the
United States, China, Israel, Japan, and Latin America. With a total installed
capacity of 6,060 MTPA, the corporation runs three manufacturing locations in
Gujarat: Sachin, Ankleshwar, and Jhagadia.
One of the major manufacturers of
Has a strong and diverse product
offering with 450+ Pharma Intermediates spanning 17 therapeutic areas.
Extensive geographical coverage and
a diverse customer base.
R&D, sales, and marketing
A past record of strong financial
The issue's objectives include:
The repayment/prepayment of certain
financial facilities obtained by our company.
Funding our company's working
General corporate objectives
running lead managers for the public issue are Axis Capital, Intensive Fiscal,
and Ambit, and the registrar is Link Intime.
Diagnostics, Penna Cement, Shri Bajrang Power, and Ispat are also planning to
undergo initial public offerings in September.