Quote on Ami Organics IPO expected listing by Mr. Yash Gupta, Angel Broking Ltd
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Below is quote on Ami Organics IPO expected listing by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Ami Organics Limited IPO to list on stock exchanges on 14th September 2021 and the basis of allotment for retail shareholders is 17:161.allotment, it means that only nearby 10% of retail investors will get the allotment. Ami Organics IPO was priced at Price to Earnings of 35.6 times and EV/EBITDA of 25.7 times at the upper price band of the IPO based on FY2021 numbers. Which is on the higher side, compared to the listed peer group. If we look at the current Grey Market Premium is at ₹145 i.e 23% at the upper price band of the IPO. We suggest short-term investors to book profit on listing day if they receive the allotment.
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