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Ami Organics launches QIP with floor price of Rs 1228.71 per share

19 Jun 2024 Evaluate

Ami Organics has launched Qualified Institutional Placement (QIP) on June 18, 2024 with floor price for the Issue, being Rs 1228.71 per Equity Share (Floor Price), based on the pricing formula as prescribed under the SEBI ICDR Regulations. 

A meeting of the QIP Committee is scheduled to be held on or after June 21, 2024, inter alia, to consider and approve the Issue price, including a discount if any thereto, as permitted under the SEBI ICDR Regulations and pursuant to the approval of the shareholders of its Company accorded through their special resolution passed by way of a postal ballot on May 14, 2024 for the Equity Shares to be allotted to qualified institutional buyers, pursuant to the issue.  

Ami Organics is one of the leading research and development driven manufacturers of specialty chemicals. The company manufactures different types of Advanced Pharmaceutical Intermediates and Active Pharmaceutical ingredients (API) for New Chemical Entities, and material for agrochemicals and fine chemicals.

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