This week, the spotlight is on two mainboard IPOs – Vikran Engineering and Anlon Healthcare. Both the issues opened for subscription on August 26 and will close on August 29.
With the markets closed on August 27 for Ganesh Chaturthi, investors will get a slightly extended window to place their bids.
Here’s what you need to know before deciding which IPO could make a better addition –
Vikran Engineering IPO Vs Anlon Healthcare IPO: Issue size and price band
Vikran Engineering is raising Rs 772 crore through a combination of a fresh issue of Rs 721 crore and an offer for sale of Rs 51 crore. The price band is set at Rs 92 to 97 per share, with a minimum retail investment of Rs 14,356 at the upper end.
Anlon Healthcare’s IPO is smaller, at Rs 121.03 crore, raised entirely through a fresh issue of 1.33 crore shares. The price band is Rs 86–91 per share, with a minimum retail investment of Rs 14,104.
Vikran Engineering IPO Vs Anlon Healthcare IPO: Grey market trends
Vikran Engineering has seen strong demand in the grey market, with the GMP standing at around Rs 21 over the upper price band of Rs 97 as of the latest. This suggests a potential listing price of approximately Rs 118, indicating an estimated gain of about 21-22% for early investors.
Anlon Healthcare, on the other hand, shows a more modest grey market response. The GMP for the issue as of the latest is trading at roughly 6–7% over the upper price band of Rs 91, suggesting a softer potential listing gain.
Vikran Engineering IPO Vs Anlon Healthcare IPO: Business Model
Now coming to the company working style, Vikran Engineering operates in the engineering, procurement, and construction (EPC) space. Furthermore, the company follows an asset-light model, leasing equipment to maintain scalability and financial flexibility across 22 states and 190 project sites.
On the other side, Anlon Healthcare focuses on the pharmaceutical sector. The company produces high-purity intermediates and active pharmaceutical ingredients (APIs) for tablets, capsules, syrups, and other formulations.
Vikran Engineering IPO Vs Anlon Healthcare IPO: Listing schedule
Vikran Engineering IPO has attracted interest from anchor investors, raising Rs 232 crore ahead of subscription. Allotment is expected on September 1, with listing on BSE and NSE on September 3.
The allotment of Anlon Healthcare IPO is scheduled on September 1 and listing is expected on September 3.
Vikran Engineering IPO Vs Anlon Healthcare IPO: Growth potential
Vikran Engineering on the other side offers an exposure to infrastructure and EPC projects. The company benefits from ongoing investments in power, rail, and renewable energy. This large scale, execution capabilities, and asset-light model could support sustainable growth.
Anlon Healthcare, meanwhile operates in the pharmaceutical intermediates and API sector. Furthermore, this growth is linked to increasing demand in both domestic and international markets.