The IPO of Rs 569.64 crore (IPO) of Ami Organics will open tomorrow i.e. September 1, 2021. The public issuance of the specialty chemicals manufacturer, which will remain open until September 3, will consist of a new issue of Rs 200 crore and an offer for sale of up to Rs 369.64 crore by existing investors such as Parul Chetankumar Vaghasia and Kiranben Girishbhai Chovatia. The company has set the price range at Rs 603-Rs 610 per share. Shares of Ami Organics are likely to be listed on both NSE and BSE on September 14.
Candidates for the public issue can bid for a minimum of one lot of 24 shares and a maximum of 13 lots.
Ami Organics is a specialty chemicals manufacturer. It develops and manufactures advanced pharmaceutical intermediates for regulated and generic active pharmaceutical ingredients.
Axis Capital, Intensive Fiscal and Ambit are the lead managers of the public issue, while Link Intime is the registrar of the issue.
The IPOs of Vijaya Diagnostics, Penna Cement and Shri Bajrang Power and Ispat are also likely to launch in September.