Ami Organics raises Rs170.89cr from 20 anchor investors at the upper price band of Rs610 per equity share
Bid can be made for a minimum of 24 Equity Shares and in multiples of 24 Equity Shares thereafter.
Ami Organics Limited has allocated 28,01,485 equity shares to 20 anchor investors and raised Rs170.89cr ahead of the company’s proposed IPO at the upper band of Rs610 per share (including a share premium of Rs600 per Equity Share) with a face value of Rs10 per equity share.
Out of the total allocation of 28,01,485 Equity Shares to the Anchor Investors, 9,83,640 Equity Shares (i.e. 35.11% of the total allocation to Anchor Investors) were allocated to 4 domestic mutual funds through a total of 9 schemes raising Rs60cr of the total fundraised amounting to Rs170.89cr from 20 anchor investors.
The Initial Public Offerings comprises of fresh issue of Equity Shares aggregating up to Rs. 200 crores (The “Fresh Issue”) and an offer of sales of up to 6,059,600 Equity Shares (The “Offer for Sale”) by Promoter Selling Shareholders. The face value of equity shares is Rs10 each.
Further, the Company in consultation with the BRLMs (defined below), has undertaken a Pre-IPO placement of Equity Shares aggregating to Rs100cro (The “Pre-IPO Placement”). The size of the Fresh Issue has been reduced by Rs100cr pursuant to the Pre-IPO placement. Accordingly, the Fresh Issue size is up to Rs200cr.
Bid can be made for a minimum of 24 Equity Shares and in multiples of 24 Equity Shares thereafter.
The net proceeds of Fresh Issue i.e. Gross proceeds of the Fresh Issue less the Offer expenses apportioned to the company (“Net Proceeds”) and the proceeds from Pre-IPO placement are proposed to be utilised towards (i) Repayment / prepayment of certain financial facilities availed by the company amounting to Rs140cr; (ii) Funding working capital requirements of the company amounting to Rs90cr and (iii) General corporate purpose
In addition, the company expects to achieve the benefits of listing the Equity Shares on the Stock Exchanges, to enhance its visibility and brand image among existing and potential customers and creation of a public market for its Equity Shares in India.
Intensive Fiscal Services Private Limited, Ambit Private Limited and Axis Capital Limited are the Book Running Lead Managers (“BRLMs”) to the issue.
Out of the total allocation of 28,01,485 Equity Shares to the Anchor Investors, 9,83,640 Equity Shares (i.e. 35.11% of the total allocation to Anchor Investors) were allocated to 4 domestic mutual funds through a total of 9 schemes raising Rs60cr of the total fundraised amounting to Rs170.89cr from 20 anchor investors.
The Initial Public Offerings comprises of fresh issue of Equity Shares aggregating up to Rs. 200 crores (The “Fresh Issue”) and an offer of sales of up to 6,059,600 Equity Shares (The “Offer for Sale”) by Promoter Selling Shareholders. The face value of equity shares is Rs10 each.
Further, the Company in consultation with the BRLMs (defined below), has undertaken a Pre-IPO placement of Equity Shares aggregating to Rs100cro (The “Pre-IPO Placement”). The size of the Fresh Issue has been reduced by Rs100cr pursuant to the Pre-IPO placement. Accordingly, the Fresh Issue size is up to Rs200cr.
Bid can be made for a minimum of 24 Equity Shares and in multiples of 24 Equity Shares thereafter.
The net proceeds of Fresh Issue i.e. Gross proceeds of the Fresh Issue less the Offer expenses apportioned to the company (“Net Proceeds”) and the proceeds from Pre-IPO placement are proposed to be utilised towards (i) Repayment / prepayment of certain financial facilities availed by the company amounting to Rs140cr; (ii) Funding working capital requirements of the company amounting to Rs90cr and (iii) General corporate purpose
In addition, the company expects to achieve the benefits of listing the Equity Shares on the Stock Exchanges, to enhance its visibility and brand image among existing and potential customers and creation of a public market for its Equity Shares in India.
Intensive Fiscal Services Private Limited, Ambit Private Limited and Axis Capital Limited are the Book Running Lead Managers (“BRLMs”) to the issue.
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