Amanta Healthcare IPO share allotments will likely be finalized by today, September 4. The IPO saw strong investor interest during its three days of public bidding, being subscribed 82.52 times its offer size.
The pharmaceutical company specialising in manufacturing parenteral products launched its IPO to raise Rs 126 crore through an entirely fresh issue of 1 crore shares at a price band of Rs 120-126 per share. Investors could bid for a minimum of 119 shares, requiring an investment of Rs 14,994 at the upper price band, and in multiples thereafter.
Amanta Healthcare IPO GMP:
Ahead of listing, the unlisted shares of the sterile liquid products-maker were trading with 6.75 percent grey market premium (GMP) over the IPO price at Rs 134.5 apiece, according to data on Investorgain. This is significantly lower than the 19.84 percent GMP quoted by the site on the day the IPO opened for public bidding.
According to IPO Watch, the unlisted shares of the company were trading with 7.14 percent GMP over the IPO price.
IPO applicants can check their Amanta Healthcare IPO allotment status on the official website of the registrar, MUFG Intime India. The status will also be available on the websites of stock exchanges BSE and NSE.
Amanta Healthcare IPO: How to check allotment status on MUFG Intime?
Amanta Healthcare, which seeks valuation of nearly Rs 500 crore, intends to spend Rs 70 crore of IPO proceeds for setting up new manufacturing line of SteriPort, and Rs 30.13 crore for new manufacturing line for small volume parenteral (SVP) at Hariyala, Gujarat. The remainder funds will be set aside for general corporate purposes.
Beeline Capital Advisors was the sole book running lead manager for the Amanta Healthcare IPO.
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