Hot Pursuit     19-Jun-24
Ami Organics hits record high on launching QIP; floor price at Rs 1228.71/share
Ami Organics jumped 8.53% to Rs 1,422.10 after its board approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 1,228.71 per share.
The company's board authorized and declared the opening of the issue on Tuesday, 18 June 2024.

The floor price of Rs 1,228.71 is at a discount of 6.23% to the previous day's closing price of Rs 1,310.30 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue.

The firm has also informed that a meeting of the committee is scheduled to be held on Friday, 21 January 2024 to consider and approve the issue price of the equity shares.

Ami Organics is engaged in business of drugs intermediate chemicals and related activities.

Ami organics reported that its consolidated net profit declined 4.2% to Rs 260 crore despite of 20.7% increase in revenue from operations to Rs 2,250 crore in Q4 FY24 over Q4 FY23.

The counter hit an all-time high of Rs 1,399.65 in today's intraday session.

Previous News
  Ami Organics consolidated net profit rises 34.65% in the December 2021 quarter
 ( Results - Announcements 07-Feb-22   18:18 )
  AMI Organics to conduct AGM
 ( Corporate News - 03-Sep-24   17:11 )
  Ami Organics IPO ends with robust subscription
 ( IPO Centre - IPO News 06-Sep-21   12:08 )
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 ( Corporate News - 20-Apr-23   10:59 )
  Ami Organics gains after Morgan Stanley buys stake
 ( Hot Pursuit - 30-Aug-23   10:02 )
  AMI Organics schedules board meeting
 ( Corporate News - 24-Apr-24   10:30 )
  AMI Organics AGM scheduled
 ( Corporate News - 19-Jul-22   15:40 )
  Ami Organics fixes record date for final dividend
 ( Market Beat - Reports 19-Jul-22   14:45 )
  Ami Organics board approves capex plan of Rs 190 cr
 ( Hot Pursuit - 29-Apr-22   12:19 )
  Ami Organics consolidated net profit declines 7.54% in the March 2024 quarter
 ( Results - Announcements 11-May-24   07:36 )
  AMI Organics to table results
 ( Corporate News - 06-Nov-23   15:48 )
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