India's Ami Organics soars in debut, Vijaya Diagnostic sees tepid open

Acutaas Chemicals

14/09/2021 10:01

** Shares of pharmaceutical co  AMIO.NS  and diagnostic
centre chain  VIJA.NS  rise in market debut
    ** Ami Organics jumped as much as 58.5% to 966.70 rupees
    ** AMIO's IPO, which included a fresh issue of up to 2 bln
billion Indian rupees, was subscribed 64.54 times at the end of
the subscription period
    ** AMIO is well placed to sustain high profitable growth
over the next 2-3 years, Vinit Bolinkar, head of research,
Ventura Securities, said in a pre-IPO note
    ** Vijaya Diagnostic Centre, which has outlets across 13
Indian cities, rose as much as 22.03% to 592.35 rupees after
listing at a premium of only ~2%
    ** VIJA's IPO, which included an offer for sale of up to
35.7 mln shares, was subscribed only about 4.54 times
    ** Indian companies are rushing into capital markets, with
equities at record highs as the economy recovers from the
COVID-19 pandemic and abundant liquidity 


 (Reporting by Shivani Singh and Nallur Sethuraman in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))