The share price of pharmaceutical firm, Amanta Healthcare, opened on a strong note on Dalal Street today, September 9. The share price of the company after its three-day bidding process and allotment listed at a premium today. The issue was subscribed 82x and the retail section saw brisk participation.
Amanta Healthcare: Lists at a premium on NSE and BSE
On the NSE, Amanta Healthcare listed at Rs 134 per share, a 7% premium over its issue price of Rs 126.
Similarly, on the BSE, it made a similar entry at Rs 134, showing a 6.3% premium.
The stock later traded at Rs 137 on BSE, a 2.24% gain, while on NSE it hovered slightly lower at Rs 1367. The market capitalisation of the company now stands at Rs 527.3 crore.
Amanta Healthcare: Grey market buzz
Ahead of the listing, the IPO’s grey market premium (GMP) stood at Rs 9 per share.
Amanta Healthcare IPO subscription details
The IPO, which opened on September 1 and closed on September 3, was met with strong demand across categories.
It was subscribed approximately 82 times overall. Retail investors contributed to a 54.96-times subscription, qualified institutional buyers (QIBs) accounted for 35.86 times, while non-institutional investors (NIIs) drove massive interest, with 209.4 times subscription till the final day.
Amanta Healthcare: IPO structure and allotment details
The Amanta Healthcare IPO was entirely a fresh issue of 1 crore shares, raising Rs 126 crore. The allotment was finalised on September 4, paving the way for the stock to list on both BSE and NSE.
Furthermore, the retail investors had to apply for a minimum lot of 119 shares, costing Rs 14,994, while high-net-worth individuals and institutional investors subscribed in larger blocks.
About the company
Amanta Healthcare is a pharmaceutical company that focuses on making sterile liquid medicines, like injections, and also produces medical devices.