Details on how to check Ami Organics IPO allotment status, listing date and more

• Ami Organics is likely to announce its share allotment status on September 8.
• Speciality chemical company Ami Organics received a strong response from investors during all three days of the IPO bidding process.
• The IPO of the company received bids for 42.22 crore as against the IPO size of 65.36 lakh shares.

Ami Organics is likely to announce the allotment status of its initial public offering (IPO) on September 8.

The IPO was open for subscription from September 1 to September 3 with a price band of ₹603-610. The company is looking to raise ₹200 crore through fresh issue of shares and 60.59 lakh shares through offer for sale by promoters.

Ami Organics’ IPO has received an amazing response from investors, especially non institutional investors. The portion reserved for qualified institutional investors was subscribed 86.02 times, non institutional investors subscribed 155.44 times and that for retail investors was subscribed 13.42 times.

Ami Organics is a research and development driven manufacturer of speciality chemicals. The company manufactures different types of advanced pharmaceutical intermediates and active pharmaceutical ingredients (API) for new chemical entities, and material for agrochemicals and fine chemicals.

With the IPO proceeds, the Gujarat-based speciality chemicals company will pay off its debt worth ₹140 crore and become debt free, Naresh Patel, chief managing director of Ami Organics, said in an interview with Business Insider.

Here is how to Ami Organics IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Ami Organics ’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on 'Ami Organics‘.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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