Ami Organics IPO subscription Day-3

Ami Organics IPO subscription day 3

by 5paisa Research Team Last Updated: 2022-12-13T16:00:38+05:30

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 64.54X overall at the close of Day-3, with bulk of the demand coming from the HNI and QIB segment. The issue has closed for subscription on Friday, 03 September.

As of close of 03 September, out of the 65.42 lakh shares on offer, Ami Organics saw bids for 4,222.36 lakh shares. This implies an overall subscription of 64.54X. The granular break-up of subscriptions was tilted in favour of retail investors.


Ami Organics IPO Subscription Day-3

Category Subscription Status
Qualified Institutional (QIB) 86.64 Times
Non-Institutional (NII) 154.81 Times
Retail Individual 13.36 Times
Total 64.54 Times


QIB Portion

The QIB portion saw 86.64X subscription with demand for 1,606.52 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 154.81X (getting applications for 2,177.32 lakh shares against the quota of 14.06 lakh shares). Funded applications and corporate applications, contributed in a big to the last day subscription.

Retail Individuals

The retail portion got subscribed 13.36X at the close of Day-3, showing strong retail appetite. Among retail investors; out of the 32.82 lakh shares on offer, valid bids were received for 438.52 lakh shares, of which bids for 331.43 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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