78014What problems are there with recycled mobile numbers?

Ami Organics is expected to finalise the share allotment status for its initial public offering (IPO) on September 8. The Rs 569.64 crore issue garnered enthusiastic response from the investors as the IPO was subscribed 64.54 times. The public offering received bids of over 42.22 crore shares against the total issue size of over 65.42 lakh shares, according to the data available with the National Stock Exchange (NSE). Ami Organics shares allocated for the qualified institutional buyers (QIBs) was subscribed 86.64 times. The portion reserved for non-institutional investors was subscribed a whopping 154.81 times while that of retail individual investors (RIIs) was subscribed 13.36 times.

“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 Rs 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,” said Yash Gupta, Equity Research Analyst of Angel Broking.

Those who have invested in Ami Organics IPO will be able to check the allotment status on September 8. Here is how you can check allotment status for Ami Organics IPO:

Registrar’s website

Go to the website of the IPO registrar, Link Intime India or click on https://linkintime.co.in/MIPO/Ipoallotment.html

Select IPO (Ami Organics)

Then, select one of the options: In case you select the application number, choose NON-ASBA or ASBA and enter the application number.

In the case of DPID/Client ID, select NSDL/CDSL and enter DPID.

In the case of PAN, enter the PAN Number.

Enter the captcha

Click on the Submit button to know the IPO share allocation status.

BSE website

Go to BSEIndia.com or click

Click on investors > Status of Issue Application > Application Status Check

Select issue type (equity) and Issue Name (Ami Organics).

Enter the application number and PAN Number.

Click on the search button to know the IPO allotment status.