Amy Organics IPO Allocation: Amy Organics, a leading manufacturer of specialty chemicals, is expected to finalize share allocation status for its initial public offering (IPO) on Wednesday. The Rs 570 crore issue received an encouraging response from investors when it was open for subscription from 1st to 3rd September. The price band for the IPO of Amy Organics was fixed at Rs 603-610 per share.
The IPO of Amy Organics was subscribed 64.54 times. According to data available with the National Stock Exchange (NSE), the specialty chemical maker’s public offering received bids for 42.22 crore shares against a total issue size of 65.42 lakh shares. The shares of Amy Organics to be allotted to Qualified Institutional Buyers (QIBs) were subscribed 86.64 times. The portion reserved for non-institutional investors was subscribed 154.81 times, while that of retail individual investors (RIIs) was subscribed 13.36 times.
Those who have invested in Amy Organics IPO will be able to check the allotment status on September 8. There are two ways to check Amy Organics IPO share allotment application status – a) through BSE b) through the website of the registrar. Once the allotment status is finalised, ineligible investors will get their refund by Thursday. The equity shares will be credited to the demat accounts of the eligible investors on September 13.
How to Check Amy Organics IPO Allotment Status through BSE
1) Visit the official website of BSE. Through URL (https://www.bseindia.com/investors/appli_check.aspx).
2) It will take you to a page named ‘Status of Issue Application’. There you have to select the ‘Equity’ option.
3) Select ‘Amy Organics Limited’ from the drop-down menu which is in addition to the name of the issue.
4) Input your Application Number and Permanent Account Number (PAN). You then click on ‘I am not a robot’ and click ‘Search’ to verify yourself. It will show you the status of the application.
How to Check Amy Organics IPO Allotment Status through Registrar’s Website (Link Intime India)
1) Visit the Link Intime India website using the URL: (https://www.linkintime.co.in/IPO/public-issues.html)
2) Select the option ‘Amy Organics Limited’ from the drop-down list under ‘Company’. Name will be filled only after finalization of allotment
3) You have to select any one of the three modes: Application Number, Client ID or PAN ID
4) In Application Type, choose between ASBA and Non-ASBA
5) Step 2. Enter the details of the mode you have selected in
6) Fill the captcha and enter the option ‘Submit’
Amy Organics IPO consists of a fresh issue of shares worth Rs 200 crore and an offer for sale of 60,59,600 equity shares by existing shareholders. “The IPO valuation of Amy Organics is at 41 times FY21 earnings, which appears to be at a discount of 30-35 per cent compared to the valuations of its peers such as Aarti Industries and Hikal. Notably, AOL enjoys a better return ratio than its competitors, with a ROE of 32 per cent in FY21. Looking ahead, the company is expected to see a healthy growth led by recent acquisitions, which led to a 2.7x increase in its installed capacity in FY21, despite its balance sheet with a D/E ratio of 0.8x Remains easy. In addition, the debt reduction is likely to result in healthy income growth in the coming years as a result of raising funds and a healthy business opportunity. Therefore, we recommend subscribing to this issue,” Reliance Securities said in a note.
Amy Organics IPO Gray Market Premium on September 8
Unlisted shares of Amy Organics were trading with gains in the gray market on Wednesday. As on September 8, the shares of Amy Organics were quoting a gray market premium of Rs 168 over the issue price of Rs 610. The shares were trading at a premium of around Rs 778 in the informal market, a premium of over 27.5 per cent over the previous year. issue price.
The shares of Amy Organics are likely to be listed on BSE and NSE on September 14.
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