Ami Organics Limited
Minimum Order Quantity
Dates: September 1, 2021 to September 3, 2021
Price Band: Rs. 603 to Rs. 610 per share
Minimum Lot: 24 shares
Minimum Application Amount: Rs. 14,640
Repayment of a few loans to the tune of Rs. 140 crores
Funding working capital requirements of Rs. 50 crores in FY22 and Rs. 40 crores in FY23
General corporate purposes
Among the leading manufacturers of certain Pharma intermediates i.e.,Dolutegravir, Trazodone, Entacapone, Nintedanib and Rivaroxaban.
Strong & diversified product portfolio ably supported by strong R&D and process chemistry skills.
Extensive geographical presence and long-standing relationships with customers.
High entry barriers in the chemicals manufacturing industry.
Consistent financial performance.
Product concentration: A significant portion of revenue is derived from sale of products in certain therapeutic areas and any reduction in demand and availability of alternatives could have an adverse effect.
Customer concentration, absence of long-term contracts: The company is dependent on a limited number of customers for a significant portion of revenue. For FY21, the top five customers contributed 44.43 percent. Further, absence of long-term contractual arrangements with significant customers is a big risk.
Dependence on select group of suppliers and absence of long-term contracts makes them susceptible to raw material price fluctuations.
Ami Organics is subject to stringent quality requirements, environmental, health and safety laws and regular inspections. The company did receive ‘Notice of Inspectional Observations’ from the USFDA on Aug 12, 2016 and Mar 13, 2020 but both these inspections were closed.
Given a working-capital intensive business, insufficient cash flows or inability to borrow could adversely affect the operations. The working capital days have increased to 117 days in FY21 from 71 days in FY19 which means the company is taking longer to convert working capital to revenue.
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)