Ami Organic IPO to open for bidding on September 1: Details here

The chemical manufacturing company with an overall public issue of ₹569.64 crore is all set to step into Dalal Street on 1st September 2021.

The chemical manufacturing company with an overall public issue of ₹569.64 crore is all set to step into Dalal Street on 1st September 2021. The public issue will commence its bidding with effect from September 1 till  September 3, the last for its subscription. According to the company’s promoters, Ami Organics IPO price band will range from 603 to 610. The company’s shares is can be availed today at a premium rate of 50 in the grey market.
Following are some specifications of Ami Organics IPO:

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Ami Organics IPO GMP Ratings 

At ₹50 the premium of the company’s share was decided to be dispatched in the grey market today. Therefore the grey market may certainly get a 50 listing gain from this public issue compared to the issue price of 603-610. Meanwhile, today Ami Organics IPO GMP dipped against its yesterday price of 68. However, market observers said the pricing was deterred due to the effect of non-trading days but are now expecting and estimating an increase on Monday and Tuesday.

Other details:

– Ami Organics IPO price: As decided by the promoters, it will range from ₹603 to ₹610.

– Ami Organics IPO size: With a ₹569.64 crore public issue including ₹200 crore, it will also comprise an Offer for Sale (OFS) of ₹369.64 crore.

– Ami Organics IPO allotment date: The allotment of shares will commence from 8th September 2021.

IPO order size: A lot can comprise at least 24 shares of the company. A bidder can avail of a minimum of one lot and a maximum of 13 lots.

Investment dimension: A bidder can bid for atleast one lot and maximum upto 13 lots with an investment of at least 14,640 ( 610 x 24) and maximum 1,90,320 ( 610 x 24 x 13).

Listing date: Company’s shares will be listed at both NSE and BSE. However, the listing date for the Indian market is tentative on 14th September 2021.