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News Details

Ami Organics Ltd. debuts with 47.86% premium at Rs 902.00

Back
14/09/2021 10:00
Ami Organics Ltd. makes a strong debut on the bourses with scrip got listed at Rs 902.00 on the Bombay Stock Exchange, a 47.86 per cent premium to its issue price of Rs 610.00. On the National Stock Exchange, the stock was listed at Rs 910.00.

The company, which raised 0.93 Cr from initial public offering, was subscribed 63.56 times, receiving bids for 5,935.47 lakhs shares against the total issue size of 93.38 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 01 to Sep 03.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for Repayment/prepayment of certain financial facilities availed by the Company Funding working capital requirements of the Company General corporate purposes.

Axis Capital Ltd.,Ambit Private Limited,Intensive Fiscal Services Private Limited. as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 58,177.76, down 127.31 points, or 0.21 per cent.