Ami Organics IPO price band fixed at Rs 603-610:

Ami Organics

Specialty chemicals firm Ami Organics on August 27 fixed the price band for its initial public offering at Rs 603-610 per equity share. The offer will open for subscription on September 1.

The IPO consists of a fresh issue of Rs 200 crore and an offer for sale (OFS) of 60,59,600 equity shares by 20 shareholders including Kiranben Girishbhai Chovatia, Parul Chetankumar Vaghasia, Girishkumar Limbabhai Chovatia, and Aruna Jayantkumar Pandya.

The company plans to raise Rs 569.63 crore at the higher end of the price band. The minimum bid lot size is 24 equity shares and in multiples of 24 equity shares.

Retail investors can subscribe for a minimum of Rs 14,640 worth of shares in a single lot, and the maximum investment would be Rs 1,90,320 for 13 lots.

News Source:- MoneyControl

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