Ami Organics IPO
Ami Organics Limited (AMIORG) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 September 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +27.5% (likely range +27% to +79%), day's high +48.7%, chance of a gain 97%. Actual: +49.2% at the open, +58.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 18,54,166 | 16,06,51,704 | 86.6x | |
| NII (HNI) total | 14,06,453 | 21,77,32,320 | 155x | |
| Retail | 32,81,723 | 4,38,52,272 | 13.4x | |
| Total | 65,42,342 | 42,22,36,296 | 64.5x |
Bids on NSE and BSE together, as published by NSE, as of 03 Sep 2021, 05:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Ami Organics's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Route MobileSep 2020 | 89.8x | 193x | 12.7x | 73.3x | ₹609 Cr | +104.9% | +110.0% |
| RITESJun 2018 | 71.7x | 195x | 15.7x | 67.2x | ₹799 Cr | +2.7% | +21.4% |
| Thyrocare TechnologiesApr 2016 | 73.2x | 225x | 8.73x | 73.5x | ₹479 Cr | +49.1% | +49.1% |
| Affle IndiaJul 2019 | 55.3x | 199x | 11.0x | 86.5x | ₹457 Cr | +24.3% | +28.7% |
| Heranba IndustriesFeb 2021 | 67.4x | 271x | 11.8x | 83.3x | ₹625 Cr | +43.5% | +50.7% |
| Prataap SnacksSep 2017 | 76.9x | 101x | 8.48x | 47.4x | ₹485 Cr | +35.4% | +40.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Intensive Fiscal Services | 11 | +28.6% | 82% |
| Ambit | 13 | +24.3% | 69% |
| Axis Capital | 107 | +20.4% | 73% |
Offer documents (NSE)
Frequently asked
What is the Ami Organics IPO price band and lot size? ₹603–610 per share, with a lot of 24 shares, so the smallest retail bid is ₹14,640.
How many times has it been subscribed? 64.5x overall: QIB 86.6x, NII 155x, retail 13.4x.
How did it list? It opened at ₹910, +49.2% against the issue price of ₹610, and closed its first day +53.3%.
