Ami Organics IPO Subscription Day-2

Ami Organics IPO Subscription Day-2
IPO
01/09/2021

The Rs.570 crore IPO of Ami Organics, consisting of Rs.200 crore fresh issue and Rs.370 crore OFS, had been fully subscribed on Day-1 itself. As per the combined bid details put out by the BSE, Ami Organics IPO was subscribed 3.90X overall at the end of Day-2, the bulk of the demand coming from the retail segment, but QIB and HNI book also got filled up. The issue closes for subscription on Friday, 03 September.

As of close of 02 September, out of the 65.42 lakh shares on offer, Ami Organics saw bids for 255.07 lakh shares. This implies an overall subscription of 3.90X. The granular break-up of subscriptions was tilted in favour of retail investors.

Ami Organics IPO Subscription Day-2
 

Category Subscription Status
Qualified Institutional (QIB) 1.43 Times
Non-Institutional (NII) 1.51 Times
Retail Individual 6.32 Times
Total 3.90 Times

 

QIB Portion

The QIB portion saw 1.43X subscription with demand for 26.43 lakh shares against 18.54 lakh shares available; net of anchor placement. On 31 August, Ami Organics did anchor placement of Rs.171 crore to QIB investors like SBI MF, Nippon MF, Malabar Fund, Kuber Fund, UTI MF, IIFL Asset Management, Elara India, Birla Sun Life, Kotak Life etc. 

HNI Portion

The HNI portion got subscribed 1.51X (getting applications for 21.18 lakh shares against the quota of 14.06 lakh shares). Funded applications and corporate applications, come in on last day, so a clearer picture will emerge on Friday.

Retail Individuals

The retail portion got subscribed 6.32X at the end of Day-2, showing strong retail appetite. Among retail investors; out of the 32.82 lakh shares on offer, valid bids were received for 207.47 lakh shares, of which bids for 157.96 lakh shares were at the cut-off price. 
The IPO is priced in the band of (Rs.603-Rs.610) and has allocated a quota of 35% for retail and 50% for QIBs.

 

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