NS Initial Public Offering (IPO) Specialty chemical maker Amy Organics and healthcare chain Vijaya Diagnostic Center opened on September 1 and the three-day issue closed on September 3. Amy Organics issue was subscribed 64.54 times on the closing day of subscription while Vijaya Diagnostics was booked 4.54 times.
The shares of Vijaya Diagnostic and Amy Organics are expected to be listed on the major stock exchanges BSE and NSE on Tuesday, September 14. The listing could be mixed for both as shares of Amy Organics are available at a strong premium, while Vijaya Diagnostics has slipped at a discount in the gray market for the past few days.
As per market observers, Amy Organics Gray Market Premium (GMP) remained firm at approx. ₹150 ahead of the listing of shares. Shares of Vijaya Diagnostic available at a discount of approx. ₹In the gray market 10. Market experts say that Vijaya’s weak subscription, high valuation and price band may go against the public issue. However, he believes that the financial position of the company is fine.
Amy Organics’ three-day stock sale price band was fixed ₹603-610 per share. The public issue consisted of a fresh issue of equity shares ₹300 crore and Offer for Sale (OFS) of 6,059,600 shares by the promoter and existing shareholders.
Amy Organics is one of the leading R&D driven manufacturers of specialty chemicals with various end uses, focused towards development and manufacturing of Pharma Intermediates for Regulated and Generic API (Active Pharmaceutical Ingredients) and NCE (New Chemical Unit) and is the major starting material for agrochemicals. and fine chemicals.
Vijaya Diagnostic Center provides pathology and radiology testing services through 80 diagnostic centers and reference laboratories in 13 cities and towns in the states of Telangana and Andhra Pradesh as well as the National Capital Region and Kolkata. NS ₹The initial share sale of 1,895 crores was solely an offer for sale of 3,56,88,064 equity shares. The price range for the offer was ₹522-531 per share.
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