 "IPO")
Ami Organics’ IPO garnered 1.9 times subscription, while that of Vijaya Diagnostic was subscribed 30 per cent on Wednesday, the first day of the issue. Both IPOs close on Friday.
Ami is a specialty chemicals firm focused on the pharma industry. Its IPO comprises Rs 200 crore fresh fund raise and Rs 370 crore secondary share sale. The price band for its IPO is Rs 603-610 per share.
At the top-end the company will have a market cap of Rs 2,223 crore and is valued at 41.2 times its FY21 earnings.
Vijaya Diagnostic is among the largest diagnostic chains in southern India. Its IPO is entirely a secondary share sale worth Rs 1,894 crore.
Vijaya’s price band is Rs 522 to 531 per share. At the top-end, the company will have a market cap of Rs 5,414 crore and will be valued at 63.8 times its FY21 earnings.
MapMyIndia files papers with Sebi
Digital mapping company MapMyIndia, which powers Apple maps, has filed preliminary papers with capital market regulator Sebi to raise funds through an initial share-sale. The IPO is entirely an offer for sale of up to 75,47,959 equity shares by existing shareholders and a promoter, according to draft red herring prospectus (DRHP). The offer for sale (OFS) comprises sale of up to 30,70,033 equity shares by Rashmi Verma, up to 20,26,055 equity shares by Qualcomm Asia Pacific Pte Ltd and up to 10,27,471 equity shares by Zenrin Co. It is looking to raise Rs 1,200-1,300 via IPO. (PTI)
