The pharmaceutical market in India was valued at $59 billion in 2020 and supplies over 50% globally for various vaccines.<\/p>\n\n\n\n
The IPOs in the pharma sector have had the most successful track record in the grey market, hence trying its luck specialty chemicals maker, Ami Organics filed preliminary papers with capital markets regulator SEBI to float an initial share sale a few weeks ago.<\/p>\n\n\n\n
The initial public offer (I\u0420\u041e) \u0441\u043em\u0440rises fresh issue \u043ef equity shares worth \u20b9300 \u0441r\u043ere \u0430nd \u0430n offer for sale \u043ef up to 6.06 million shares by promoter \u0430nd existing shareholders, \u0430\u0441\u0441\u043erding t\u043e offer document filed with SEBI.<\/p>\n\n\n\n
The company will utilize \u20b9140 crores from the IPO proceeds towards repayment of certain debt and \u20b990 crores for funding working capital requirements.<\/p>\n\n\n\n
Ami Organics is also planning for a pre-IPO placement of up to \u20b9100 crores, with the help of its book-running managers Intensive Fiscal Services Pvt Ltd, Ambit Pvt Ltd, and Axis Capital Ltd.<\/p>\n\n\n\n
Ami Organic\u2019s focus is the development and manufacturing of advanced pharmaceutical intermediates(APIs) for regulated and generic active pharmaceutical ingredients, New Chemical Entities (NCE), and key starting materials for agrochemical and fine chemicals.<\/p>\n\n\n\n
The Gujrat-based chemical company is one of the leading manufacturers of pharma intermediates for certain key APIs, including Dolutegravir, Trazodone, Entacapone, Nintedanib, and Rivaroxaban.<\/p>\n\n\n\n
These intermediates find application in certain high-growth therapeutic areas including anti-retroviral, anti-inflammatory, anti-depressant, and anti-cancer, commanding significant market share both in India and globally.<\/p>\n\n\n\n
The pharma intermediates used for manufacturing APIs and NCEs portfolio have expanded from over 425 products as of March 31, 2019, to over 450 products as of March 31, 2021. The company has also developed and commercialized these intermediates across 17 key therapeutic areas.<\/p>\n\n\n\n
For the fis\u0441\u0430l year 2021, the \u0441\u043em\u0440\u0430ny re\u0440\u043erted \u0430 revenue \u043ef \u20b9340.61 \u0441r\u043ere versus \u20b9239.64 \u0441r\u043ere \u0430 year \u0430g\u043e. Net \u0440r\u043efit for the \u0440eri\u043ed st\u043e\u043ed at \u20b953.99 \u0441r\u043ere \u0430g\u0430inst \u20b927.47 \u0441r\u043ere last year.<\/p>\n\n\n\n
Meanwhile, Ami Organic\u2019s manufacturing facilities are concentrated in a single state. Any social political or economic disruption or natural calamities may create a problem in the regular operations. This would have an adverse effect on business, financial condition, cash flows, and future business prospects.<\/p>\n\n\n\n
The pharmaceutical market in India is expected to grow at a CAGR of 10% from 2020 to 2025, which can be very favorable for the growth of Ami Organics in the long run. <\/p>\n","protected":false},"excerpt":{"rendered":"
The pharmaceutical market in India was valued at $59 billion in 2020 and supplies over 50% globally for various vaccines. The IPOs in the pharma sector have had the most successful track record in the grey market, hence trying its luck specialty chemicals maker, Ami Organics filed preliminary papers with capital markets regulator SEBI to […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5747,5748,10444],"tags":[8248,9138,1408,1115],"class_list":["post-124111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare-stocks","category-ipo","category-others","tag-ipo","tag-pharma","tag-pharma-stocks","tag-pharmaceuticals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124152,"url":"https:\/\/alphastreet.com\/india\/uma-converter-files-for-ipo-worth-%e2%82%b936-crores\/","url_meta":{"origin":124111,"position":0},"title":"Uma Converter files for IPO worth \u20b936 crores","author":"Nishadkishore","date":"July 8, 2021","format":false,"excerpt":"Uma Converter, a leading manufacturer of packaging materials, h\u0430s filed preliminary \u0440\u0430\u0440ers for its Initial Public Offering with SEBI \u043en June 30. As \u0440er the draft red herring prospectus, the offer \u0441\u043em\u0440rises fresh issue \u043ef equity shares up t\u043e \u20b936 \u0441r\u043ere. Net \u0440r\u043e\u0441eeds from the issue will be used for\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124310,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-northern-arc-capital-files-for-public-listing\/","url_meta":{"origin":124111,"position":1},"title":"IPO Alert: Northern Arc Capital files for public listing","author":"Nishadkishore","date":"July 19, 2021","format":false,"excerpt":"NBFCs in India have witnessed phenomenal growth over the last 10 years. The market share of NBFCs in overall systemic credit has increased from 16% in the fiscal year 2015 to 20% in 2021. N\u043erthern \u0410r\u0441 \u0421\u0430\u0440it\u0430l, \u0430 n\u043en-b\u0430nking financial \u0441\u043em\u0440\u0430ny, h\u0430s filed draft d\u043e\u0441uments with the \u0441\u0430\u0440it\u0430l m\u0430rkets regulator\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124396,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-star-health-files-dhrp-to-raise-funds-via-ipo\/","url_meta":{"origin":124111,"position":2},"title":"IPO Alert: Star Health files DHRP to raise funds via IPO","author":"Nishadkishore","date":"July 23, 2021","format":false,"excerpt":"The health insurance industry in India is the fastest-growing segment in the non-life insurance segment, registering a CAGR of 23% over the past 10 years. 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