It is the final call for investors eyeing the Amanta Healthcare IPO. The pharma company’s public issue, which opened on September 1, is set to close today, September 3. With strong demand already seen in the first two days, the last leg of bidding will decide how the IPO shapes up before allotment and listing.
Let’s take a look at the key details of the issue that investors shouldn’t miss –
Amanta Healthcare IPO Day 3: IPO size and objective
Amanta Healthcare plans to raise Rs 126 crore through this public issue. This is a completely fresh issue, with no offer-for-sale component.
The price band of the issue is set between Rs 120 -126 each, and a lot size is fixed at 119 shares.
Furthermore, the proceeds will go towards funding new manufacturing lines for SteriPort and small-volume parenterals (SVP), along with general corporate expenses.
Amanta Healthcare IPO Day 3: Subscription momentum so far
By the end of day two, the IPO was subscribed nearly 20 times. Retail investors bid strongly, pushing their quota to over 23 times, while non-institutional investors (NIIs) oversubscribed their portion more than 36 times.
However, institutional participation was slower, with QIBs subscribing just over half of their quota.
Amanta Healthcare IPO Day 3: Will the issue list at premium
The shares of Amanta Healthcare in the unofficial market or grey market are changing hands at a premium of Rs 29. This indicates a possible 22% listing gain over the upper price band if sentiment holds.
The premium has steadily inched up to Rs 29 from Rs 26 over the past two days. However, it is important to note that GMP is not the actual listing price and may fluctuate based on the market sentiment.
Amanta Healthcare IPO Day 3: What’s next after the bidding closes
Once subscriptions wrap up today, the allotment process will be finalised on September 4. Investors can then check allotment status on the NSE, BSE, and MUFG Intime India portals.
The listing is scheduled on both the NSE and BSE, keeping the spotlight on market debut expectations.
Amanta Healthcare IPO Day 3: About the company
Amanta Healthcare operates in the pharmaceuticals space, specialising in sterile liquid formulations such as parenteral products, while also manufacturing medical devices.