Ami Organics IPO lists at a 49% premium and gets stronger

Ami Organics had a solid listing on 14 September as it listed at a much better premium than indicated by the GMP and held on to the gains. Ami Organics listed at a premium of 49.18% and traded through the day in a range of Rs.100. The stock closed the day, well above the listing price. With overall subscription of over 64.54X, listing response was in line with the solid subscription.

Here is the Ami Organics listing story on 14 September

Ami Organics IPO price was fixed at the upper end of the band at Rs.610 after the 64.44X subscription. On 14 Sep, the stock of Ami Organics listed on the NSE at a price of Rs.910, a premium of 49.18% over the issue price. On the BSE, the stock listed at a price of Rs.902, a listing premium of 47.87%.

On the NSE, Ami Organics closed at Rs.934.50, a first day closing premium of 53.19% on the issue price. On the BSE, the stock closed at Rs.934.55, a first day closing premium of 53.20% on the issue price.

On Day-1 of listing, Ami Organics touched a high of Rs.966.70 on the NSE and a low of Rs.841. On Day-1, the Ami Organics stock traded a total of 112.15 lakh shares on NSE amounting to value of Rs.1,026.10 crore. On Day-1, Ami Organics was the sixth most liquid stock on the NSE by trading value.

On the BSE, Ami Organics touched a high of Rs.967.25 and a low of Rs.841.20. On BSE, the stock traded a total of 19.46 lakh shares amounting to value of Rs.177.70 crore. At the close of Day-1, Ami Organics had a market capitalization of Rs.3,405 crore with free-float market cap of just Rs.613 crore.