Amanta Healthcare Ltd.'s initial public offering entered its second day of subscription on Tuesday. The pharmaceutical company, specialising in sterile products like large and small volume parenterals, has floated a Rs 126-crore IPO.
The entire IPO is a fresh issue of shares, with no offer-for-sale component. The price band is set at Rs 120 to Rs 126 apiece, with the IPO closing on Wednesday, Sept. 3.
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 Subscription Details
Amanta Healthcare IPO was subscribed 19.62 times as of 5 p.m. on Tuesday.
Qualified Institutions: 0.53 times
Non-Institutional Buyers: 36.40 times
Retail Investors: 23.31 times
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 GMP
The grey market premium of Amanta Healthcare IPO fell to Rs 12 as of 7:37 p.m., as per InvestorGain. The GMP price indicated a 9.52% listing gain as indicated by the implied listing price of Rs 138.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
