Quote on What should investors expect from the listing of Ami Organics Limited IPO by Mr. Yash Gupta, Angel Broking Ltd
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Below is quote on What should investors expect from the listing of Ami Organics Limited IPO by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Ami Organics Limited expect to get a listing on 14th September 2021 and allotment will be received by the investors in a couple of days. As overall IPO got subscribed 64.5 times and retail portion got subscribed by 13.36 times, so it is expected that one investor out of twelve 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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