Amanta Healthcare Ltd.'s initial public offering was subscribed 4.61 times on Monday, led by demand from retail investors. The company is a sterile-focused pharmaceutical manufacturer that specialises in large and small volume parenterals and select medical devices.
The Rs 126-crore IPO consists entirely of fresh issue, with no offer-for-sale component. The price band is set at Rs 120 to Rs 126 apiece, with the IPO closing on Wednesday.
Amanta Healthcare is set to utilise the IPO proceeds to boost its capex plans. The minimum amount of investment required by a retail investor is Rs 14,994. Investors can bid for a minimum of 119 shares and in multiples thereof.
The tentative date of allotment of shares to IPO investors is Sept. 4. Amanta Healthcare will likely list on the BSE and NSE on Sept. 9.
Amanta Healthcare IPO: Key Details
Open date: Sept. 1
Close date: Sept. 3
Allotment date: Sept. 4
Price Band: Rs 120-126
Tentative Listing date: Sept. 9
IPO size: Rs 126 crore
Fresh issue: 1 crore shares aggregating to Rs 126 crore.
Minimum bid: Lot size of 119 shares
Amanta Healthcare IPO: Subscription Details
Amanta Healthcare IPO was subscribed 4.61 times as of 5 p.m., with the retail portion leading bids.
Institutional buyers: 0.04 times
Non-institutional investors: 5.82 times
Retail investors: 6.71 times
Amanta Healthcare GMP
The grey market premium of Amanta Healthcare IPO fell to Rs 25 as of 5:01 p.m. on InvestorGain. The GMP price indicated 19.84% listing gain as indicated by the implied listing price of Rs 151.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
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