Ami Organics Limited Share IPO, IPO Price Band, Bid Lot, Financial, How to apply for IPO
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Ami Organics Limited Share IPO has opened for the public on September 1. Ami Organics Ltd is coming out with a fresh public issue to raise Rs. 570 crores from the market. Any retail investor who holds a Demat account can apply for IPO. Here we can discuss about the Ami Organics Limited Share IPO, IPO Price Band, Bid Lot, Financial, How to apply for IPO.
Ami Organics IPO details in Summary
- Issue open – Sept 1 to 3 (Wednesday to Friday)
- Issue size – ₹ 570 crores
- Price band – ₹ 603 – 610 per equity share
- Bid lot – 24 shares and in multiples thereof
- What’s more – Through UPI, you can now apply online and block payment
Know about the Ami Organics Limited company
Ami Organics Limited was incorporated on Jan 3, 2004. The company is one of the leading research and development-driven manufacturers of specialty chemicals with varied end usage, focusing on the development and manufacturing of advanced pharmaceutical intermediates (pharma intermediates) for regulated and generic active pharmaceutical ingredients (APIs) and New Chemical Entities (NCE) and key starting material for agrochemical and fine chemicals, especially from their recent acquisition of the business of Gujarat Organics Ltd.
Ami Organics is one of the major manufacturers of pharma intermediates for certain key APIs, including Dolutegravir, Trazodone, Entacapone, Nintedanib, and Rivaroxaban. The pharma intermediates that they manufacture find application in certain high-growth therapeutic areas, including anti-retroviral, anti-inflammatory, anti-psychotic, anti-cancer, anti-Parkinson, anti-depressant, and anti-coagulant, commanding significant market share both in India and globally.
They have developed and commercialized over 450 pharma intermediates for APIs across 17 key therapeutic areas since inception.
Currently, Ami Organics has 8 process patent applications and 3 additional pending process patent applications for which applications were made in March 2021.
The company supplies its products to more than 150 customers (including international customers) directly in India and in 27 countries overseas, using a distributorship network in certain cases.
Ami Organics has 3 manufacturing units located at Sachin, Ankleshwar, and Jhagadia in Gujarat, with an overall installed capacity of 6,060 MTPA. Further, the Jhagadia facility has 15,830 square meters of free land available for future expansion.
Management & Board of Director of the Ami Organics Limited
1. Mr. Nareshkumar Ramjibhai Patel ( Executive Chairman & Managing Director)
Naresh Patel is the Executive Chairman & managing director of Ami Organics Ltd, founded the company in 2004. Over the past 17 years, he has nurtured Ami Organics to emerge as the largest advanced intermediate manufacturing company in India, having applications, in pharmaceutical & specialty chemicals.
Naresh Patel holds a Bachelor of Engineering from Gujarat University.
2. Mr. Chetankumar Vaghasia ( Whole-time Director)
Chetankumar Vaghasia is a Whole-time Director of the Company and has been associated with the Company since its incorporation.
He has completed his diploma in textile processing from Surat.
3. Virendra Nath Mishra (Whole Time Director)
Virendra Nath Mishra is the Whole-time Director of the Company. He holds a Bachelor of Science degree from the Veer Bahadur Singh Purvanchal University, Jaunpur and holds a Master of Science (Chemistry) degree from the Poorvanchal University, Jaunpur.
He served as an executive Director on the Board of the Company from May 9, 2017 to March 1, 2018 and was subsequently appointed as the Director – Operation in the Company from April 2018.
4. Mr. Hetal Gandhi(Independent Director)
Hetal Madhukant Gandhi is an Independent Director of our Company. He holds a Bachelor of Commerce degree from the University of Bombay and is an associate member of the Institute of Chartered Accountants of India. He has over 34 years of experience in the financial services industry that encompasses private equity investments, credit markets and investment banking.
He is the co-founder and managing director of Tano India Advisors Private Limited. He was previously associated with Infrastructure Leasing and Financial Services Limited as its Head- Financial Service and chief executive officer of ORIX Auto and Business Solutions Limited, and with A. F. Ferguson and Co as a consultant.
5. Girikrishna Maniar ( Independent Director)
Girikrishna Maniar is an Independent Director of the Company. He holds a Bachelor of Science degree in Chemistry from the University of Bombay and is a fellow member of the Institute of Cost and Works Accountants of India. He has been practicing as a cost accountant since 1988.
He has been appointed as an Independent Director of the Company on April 23, 2018.
6. Richa Manoj Goyal (Independent Director)
Richa Manoj Goyal is an Independent Director of the Company. She holds a Bachelor of Commerce from H.A. Commerce College and LLB degree from Gujarat University and is a fellow member of The Institute of Company Secretaries of India.
She is a certified trademarks agent and she is currently the managing partner of the law firm ‘Richa Goyal and Associates’ and was appointed as an Independent Director of the Company on April 1, 2021.
Financial Position of the Ami Organics Limited | Financial Statement of Ami Organics Limited
| Year | Revenue (Sales) | Net Profit | Debt | Total Assets |
| 2019 | 237 Crore | 25 Crore | 22.09 Crore | 212 Crore |
| 2020 | 242 Crore | 27 Crore | 20.00 Crore | 228 Crore |
| 2021 | 342 Crore | 54 Crore | 73.00 Crore | 410 Crore |
In 2021, the company showing a huge jump in total assets and debt of the company. Sale and profit of the company also increased. The company makes a huge investment in plant & machinery. It means the company now working on an expansion plan. for more visit here, https://www.amiorganics.com/financials-results.html
How to Apply for Ami Organics Limited Share IPO
- Any investor who holds a Demat account, can apply for this IPO online.
- Investors can now fill and submit their IPO application online at your convenience anytime before an issue closes.
- Investor need a mobile phone with a SIM linked with the bank account offering the UPI Facility.
- Currently UPI works on the SBI, yes bank, paytm and many other banks mobile applications.
- Before Submit your form, investor needs to make sure they provided their UPI ID in application form.
Contact Us for General Enquiry
- Tel: +91 75730 15366 / 72279 77744
- info@amiorganics.com
Also read this, https://sharemarketvip.com/category/india/world-share-market/share-market-knowledge/