Quote on Ami Organics IPO by Mr. Yash Gupta, Angel Broking Ltd
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Below is quote on Ami Organics IPO by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Ami Organics IPO to open on 1st September 2021 with an issue size of Rs.665 crores.
Gujarat based specialty chemical manufacturer, open for subscription from 1st September to 3rd September 2021, with a total IPO size of Rs.665 crores consists of fresh issues of 300 crores and an offer for sale of Rs.365 crores.
Ami organics deal in different types of Advanced Pharmaceutical Intermediates and Active Pharmaceutical ingredients (API) and materials for agrochemical and fine chemicals. Ami Organics has 3 manufacturing facility with aggregate installed capacity of 6060 Mtpa. The company has developed over 450 pharma intermediates across 17 key therapeutic areas i.e. anti-retroviral, anti-inflammatory, anti-psychotic, anti-cancer, anti-Parkinson, anti-depressant, and anti-coagulant. The company sells its product in India as well as in the international market. Ami organic reported revenue growth of 41% in FY2021 at ₹342 crores and profit after tax growth of 96% in FY2021 at ₹54 crores. We have a neutral outlook for Ami organics IPO.
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