It is a good start for the Ami Organics on the Day 1 as the IPO fully subscribed in retail and QIB. The specialty chemical manufacturer IPO to raise 569 crores that comprises 200 crores of fresh issue and 369 crores of offer for sale.
The over all subscription shows 1.90 times that comprises QIB 1.39 times, NII 0.40 times and the retail portion is 2.82 times. As per the grey market we have seen some spike in the subscription numbers. As always retailers are in a hurry to apply the IPO and Ami Organics got a good response as well.
Read Also: Ami Organics IPO GMP Spike Up
The main thing is the QIB portion where the IPO subscribed fully and it is one of the positive point for the investors to go for the subscription. We might see an improvement in the grey market after today’s numbers. Still 2 days to go for the subscription but the numbers looks promising for the Ami Organics IPO.
Earlier the Ami Organics raised 171 crores through anchor investors on August 31st at a upper price band of 610 per share with a 600 rupees premium on the face value of 10.
Check the Ami Organics live subscription numbers added on our page. Even check the latest IPO GMP rates for the Ami Organics IPO on the respective page.
The day 1 subscription will influence the short term investors to apply the Ami Organics IPO.
