Ami Organics, Vijaya Diagnostic LISTED: Former makes bumper listing, latter positive - almost inline with Anil Singhvi’s prediction

Ami Organics and Vijaya Diagnostic Listing: Both the issues — Ami Organics and Vijaya Diagnostic had a positive start on stock exchanges today, wherein the former got listed above Zee Business Managing Editor Anil Singhvi’s expectations, while the latter was listed in line with his prediction.

Ami Organics portrayed a bumper listing around 50 per cent higher premium than issue price (603-610) to Rs 902 per share on the BSE and Rs910 per share on the NSE. The managing editor had expected, “The shares of speciality chemical manufacturers to list in Rs 750-800 apiece range.”

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He had suggested the long-term investors to HOLD, while short-term investors keep s stop loss of Rs 700 per share and keep trailing.

Meanwhile, Vijay Diagnostic witnessed listing near issue price with a marginal surge of 2 per cent higher premium as compared to issue price (522-531) to Rs 542.3 apiece on the BSE and Rs 540 per share on the NSE. 

AMI Organics और Vijaya Diagnostic की लिस्टिंग...#AMIOrganics इश्यू प्राइस ₹610 के मुकाबले NSE पर ₹910 और BSE पर ₹902 पर लिस्ट#VijayaDiagnostic इश्यू प्राइस ₹531 के मुकाबले NSE पर ₹540 और BSE पर ₹542.30 पर लिस्ट#NewListing @AnilSinghvi_ pic.twitter.com/Xdod1EsNC4

— Zee Business (@ZeeBusiness) September 14, 2021

The market guru Singhvi had expected the shares of the healthcare chain to list around the issue price of Rs 531 per share and suggested long-term investors HOLD.

Ami Organics made almost the same high of Rs 929 per share on both the BSE and NSE, while it touched the same low of Rs 841 per share on both the exchanges today. 

Similarly, Vijaya Diagnostic touched news life high of Rs 588 per share on the BSE, while Rs 584 per share on NSE, while its touched Rs 532 per share as a low on both the exchanges today.      

The initial public offer (IPO) of Ami Organics and Vijaya Diagnostic was subscribed 64.54 and 4.54 times respectively in three days between September 1-3, 2021.

The Rs 569.63 crore Ami Organics IPO received bids for 42,22,36,296 shares against 65,42,342 shares on offer, While the Rs 1,895 crore Vijay Diagnostic IPO received bids for 11,36,44,020 shares against 2,50,26,646 shares on offer as per data available with the exchanges.