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Quote on Upcoming IPO Ami Organic by Mr. Yash Gupta, Angel Broking Ltd
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Below is quote on "Upcoming IPO Ami Organic" by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Ami Organics IPO is expected to open next week. Gujarat based Ami organics is one of the leading speciality chemical manufacturer to raise around ₹665 crores via IPO in the last week of August 2021. Ami organics deal into speciality chemicals for Agrochemicals, Cosmetics & Polymers. The company is having a comprehensive portfolio of varied products, custom synthesis, or contract manufacturing in prospective projects. 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.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
