1. Home
  2. Blog

Ami Organics IPO Subscription Day-2

Ami Organics IPO Subscription Day-2
IPO
Last Updated: Sep 02, 2021 - 07:20 pm 53.8k Views
Listen icon

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.

 

Also Read: 

Upcoming IPOs in 2021

IPOs in September

7 Interesting Things to Know Before Investing in Ami Organics IPO

How do you rate this blog?

Submit Rating

View All

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

Invest Now
oda_gif_reasons_colorful

About the Author

Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Market Outlook for 16 April 2024

Our markets started the week on a negative note owing to the rising geopolitical tensions seen over the weekend. Nifty witnessed some pullback from the opening hour low of 22260, but it witnessed selling pressure at higher levels and ended the day around 22270 with a loss of over a percent.

How are Gifts Taxed?

Exploring the complexities of gift taxes reveals a complicated network of restrictions and exclusions. In this article, we will address the fundamental subject of ‘’how gifts are taxed’’. Understanding the subtleties of present tax legislation is essential for everybody trying to traverse the panorama of giving without incurring unexpected monetary liabilities. We want to simplify the process by delving into the complexities of exclusions and taxable gift levels.

How to Create a Personal Budget in 6 Steps?

Budgeting is the most essential step when it comes to managing your income efficiently. While budgeting has a lot of advantages, a key benefit includes tracking down your expenses and controlling them according to your choice. This helps to reduce unnecessary expenses and also helps you save your hard-earned money for better purposes. Although, a lot of people out there don’t know how to make a monthly budget. 

View More