Public Market

IPO

Specialty chemicals maker Ami Organics raises Rs.171-Cr from 20 anchor investors

MoneyControl  

Specialty chemical company Ami Organics has raised INR 170.89 crore from 20 anchor investors ahead of the opening of its initial public offering. The company has allocated 28,01,485 equity shares to anchor investors at a price of INR 610 per share, the upper price band. Investors including SBI Mutual Fund, Nippon Mutual Fund, Malabar India Fund, Kuber India Fund, UTI MF, IIFL Asset Management, Sundaram MF, Elara India Opportunities Fund, and Carnelian Capital Compounder Fund participated in the anchor book. SBI Life Insurance, Aditya Birla Sun Life Insurance, Kotak Mahindra Life Insurance, and Max Life Insurance also invested through the anchor book. The company plans to garner INR 569.63 crore through its public issue that comprises a fresh issue of INR 200 crore and an offer for sale of 60,59,600 equity shares by 20 selling shareholders including Parul Chetankumar Vaghasia, Girishkumar Limbabhai Chovatia, Kiranben Girishbhai Chovatia, and Aruna Jayantkumar Pandya.