IPO GMP Today: Anlon Healthcare IPO Subscribed 4.15X, Strong Interest In Retail Category; Should You Bet?

IPO GMP Today: Anlon Healthcare's initial public offering (IPO) is witnessing a sharp response from retail investors for subscription on Friday. The issue has been subscribed to around 4.15 times so far.

As Anlon Healthcare's IPO subscription is set to conclude on Friday, here are all the details investors must know about their IPO, including its grey market premium (GMP), subscription status, lot size, listing date, etc.

Anlon Healthcare IPO Subscription Status

Anlon Healthcare IPO has been subscribed by 4.15 times so far, according to Chittorgarh.com data till 10:49 am. The IPO has been subscribed by around 28.57 times in the retail category, 1.01 times in the QIB category (ex-anchor), and 3.57 times in the net institutional investors (NII) category.

The issue was subscribed around 3.30 times on day 2, which included 22.33 times subscription in the retail category, 3.51 times subscription in the NII category and 1.01 times subscription in the QIB category. Anlon Healthcare IPO was subscribed around 1.69 times in total on day 1.

Anlon Healthcare IPO GMP Today

The pharma company IPO's GMP today (grey market premium) stood at Rs 5, which indicates the IPO listing at Rs 96 per share (including the latest GMP and upper price band), according to investorgain.com. Anlon Healthcare IPO may see a strong listing as its lowest GMP stood at Rs 0 and highest GMP at Rs 5 over the past few trading sessions.

Anlon Healthcare IPO Subscription Details

The company has fixed a price band of Rs 86 to Rs 91 per share with a face value of Rs 10 per share. Anlon Healthcare IPO allocation is fixed as 75% (maximum) to Qualified institutional buyers (QIBs), 10% (maximum) to retail investors and 15% (max) to NIIs.

Anlon Healthcare IPO Lot Size

The company is planning to raise around Anlon Healthcare aims to raise Rs 121.01 crore. The stock is entirely a fresh issue of 1.33 crore. Anlon Healthcare IPO lot size is fixed at Rs 164 shares. The IPO's total issue size is 1,33,00,000 shares, which is equivalent to Rs 121.03 crore.

According to Chittorgarh.com, retail investors can bid for a minimum of 164 shares and more, equivalent to Rs 14,924. Retail investors can bid for a maximum of 13 lots (2,132 shares), equivalent to Rs 1,94,012. SHNIs can bid for a minimum of 13 lots and a maximum of 67 lots.

About Anlon Healthcare

The Gujarat-based chemical manufacturing company was established in 2013. Anlon Healthcare majorly deals with the manufacturing of Pharma intermediates and active pharmaceutical ingredients (APIs).

The company manufactures high-purity intermediates for API production and also many APIs which are used in medicines, personal care, etc. Apart from manufacturing pharmaceutical intermediaries, the company also offers custom manufacturing for complex chemicals, exceeding purity standards and reducing impurities for customers.

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