Day 1: Ami Organics offer bought 1.9x; Vijaya 0.3x

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 ~200-crore fresh fundraise and ~370-crore secondary share sale. The price band for its IPO is ~603-610 per share. Vijaya Diagnostic is among the largest diagnostic chains in southern India. Its IPO is entirely a secondary share sale worth ~1,894 crore. Vijaya’s price band is ~522 to 531 per share.