Ami Organics is coming out with an initial public offering (IPO) to raise around Rs 569.64 crore. The issue will open on September 1, 2021 and will close on September 3, 2021. It has fixed a price band of Rs 603-610 per share. The shares of the company are proposed to be listed on both BSE and NSE.
The company will utilise net proceeds from its fresh issue for repaying of debts and working capital requirements. Intensive Fiscal Services, Ambit, and Axis Capital are the book running lead managers to the issue.
The company manufactures specialty chemicals that are used towards the development and manufacturing of advanced pharmaceutical intermediates for regulated and generic active pharmaceutical ingredients (APIs) and New Chemical Entities (NCE), and key starting material for agrochemical and fine chemicals.
