Advertisement

Business

Updated on: Tuesday, September 14, 2021, 11:56 AM IST

Ami Organics shares make strong debut, lists over 49% premium

PTI
The Rs 570 crore Ami Organics IPO received bids for 2,55,07,200 shares against 65,42,342 shares on offer./ Representational image | Photo credit: pixabay.com

The Rs 570 crore Ami Organics IPO received bids for 2,55,07,200 shares against 65,42,342 shares on offer./ Representational image | Photo credit: pixabay.com

Advertisement

Shares of specialty chemicals maker Ami Organics Ltd on Tuesday listed with a huge premium of over 49 per cent against its issue price of Rs 610.

The stock made its debut at Rs 902, registering a gain of 47.86 per cent from its issue price on the BSE. It then jumped 52.29 per cent to Rs 929.

At the NSE, the specialty chemicals maker got listed at Rs 910, reflecting a premium of 49.18 per cent.

The Rs 569.63-crore initial public offer of Ami Organics was subscribed 64.54 times earlier this month.

Its price range was at Rs 603-610 per share.

Ami Organics is one of the leading R&D driven manufacturers of specialty chemicals with varied end usage, focussed towards the development and manufacturing of pharma intermediates for regulated and generic APIs (active pharmaceutical ingredients) and NCE (new chemical entity) and key starting material for agrochemicals and fine chemicals.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Tuesday, September 14, 2021, 11:56 AM IST
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement