Ami OrganicsLtd., a leading manufacturer of specialty chemicals, was expected to finalize its allocation states for first public offer (IPO). It was to be finalized on Wednesday. The public issue actually got a strong response and health participation from its investors. With an issue size of Rs 570 crore, the issue was open from September 1 to September 3. The fixed price band for the issue was Rs 603 to Rs 610 per equity share.
NS Amy Organics IPO The market was subscribed a total of 64.54 times after completing its three trading days. Among all the investor groups, the issue was subscribed the highest 154.81 times by non-institutional investors (NIIs). This was followed by Qualified Institutional Buyers (QIBs) who subscribed to the issue nearly 86.64 times. Finally, as per the data received from the National Stock Exchange (NSE), there were retail investors who subscribed 13.36 times to the issue.
The basis of allotment was listed on September 8. Those successful investors who had managed to hold one or two shares would be able to check the allotment from the same date. There are few ways to check the status of Amy Organics IPO allotment application. One way is through the Bombay Stock Exchange (BSE) or you can check through the official website of the Registrar. After the allotment was finalized, refunds to the unfortunate investors were initiated on Thursday. Eligible investors will see their shares getting credited in their demat accounts as on September 13, 2021.
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) You will be redirected to a new page labeled ‘Status of Issue Application’. There you have to select the ‘Equity’ option.
3) Once you have selected it, you have to click on the option of IPO which will be labeled as ‘Amy Organics Limited’. You can find this in the drop-down menu next to the problem name.
4) Input your Application Number and Permanent Account Number (PAN). For the last step you have to click on ‘I am not a robot’ and click on ‘Search’ to verify yourself. It will show you the application status in detail.
Checking Amy Organics IPO Allotment Status through Registrar’s Website (Link Intime India)
1) Visit the Official Link Intime India website using the URL: (https://www.linkintime.co.in/IPO/public-issues.html)
2) Then you have to select the option ‘Amy Organics Limited’ from the drop-down list under ‘Company’.
3) Select Application Number, Client ID or PAN ID to proceed to the next step.
4) Next, you need to choose between ASBA and non-ASBA to see the application type you have chosen.
5) Enter the details of the mode you have chosen.
6) Fill the captcha and select ‘Submit’ option.
The IPO of Amy Organics was made up of fresh issue and offer for sale (OFS) of Rs 200 crore, valued at Rs 369.64 crore with 6,059,600 equity shares. Speaking on the investment prospects in this IPO, Anand Rathi Research said, “The company has shown consistent financial performance between FY 2019 and 2021 with sales growth at a CAGR of 19.5% and profit after tax growth at a CAGR of 52.3% . Revenue from acquisition of two plants is not included for fiscal 2020-21. We are positive about the long-term prospects of the company.
Amy Organics IPO Gray Market Premium (GMP)
According to the information of IPO Watch, the GMP of the issue was Rs 165 till September 9. This indicated that the shares in the unlisted gray market were trading at a premium of Rs 768 to Rs 775 per equity share.
read all breaking news, breaking news And coronavirus news Here
.