Ami Organics Limited IPO – Sept 1 to 3

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Ami Organics Limited IPO – Sept 1 to 3

August 31, 2021
Ami Organics Limited IPO – Sept 1 to 3

Ami Organics Ltd. is coming out with a fresh public issue to raise Rs 570 crores from the market.

Key details of the issue:

  • Issue opens – Sept 1 (Wednesday)
  • Issue closes – Sept 3 (Friday)
  • Issue size – Rs 570 crores
  • Price band – Rs 603 to 610 per equity share
  • Bid lot – 24 shares and in multiples thereof

And here are some details of the company and further details on the Ami Organics Ltd. issue.

Company details:

Ami Organics Limited was incorporated on Jan 3, 2004. The company is one of the leading research and development-driven manufacturers of specialty chemicals with varied end usage, focussed towards 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 Ltd.

Ami Organics is one of the major manufacturers of pharma intermediates for certain key APIs, including Dolutegravir, Trazodone, Entacapone, Nintedanib and Rivaroxaban. The pharma intermediates that 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.

They have developed and commercialised over 450 pharma intermediates for APIs across 17 key therapeutic areas since inception.

Currently, Ami Organics has 8 process patent applications and 3 additional pending process patent applications for which applications were made in March 2021.

The company supplies their products to more than 150 customers (including international customers) directly in India and in 25 countries overseas, using a distributorship network in certain cases.

Ami Organics has 3 manufacturing units located at Sachin, Ankleshwar and Jhagadia in Gujarat, with overall installed capacity of 6,060 MTPA. Further, the Jhagadia facility has 15,830 square metre free land available for future expansion.

Issue size: Rs 570 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 284.82 crores
  • NIB – 15% of the offer – Rs 85.45 crores
  • RET – 35% of the offer – Rs 199.37 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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