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?
- Step 1: Open the link to the official registrar of the issue on this URL: (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
- Step 2: Select the company 'Amanta Healthcare' from the dropdown menu.
- Step 3: Fill in details like PAN, application number or DP client ID.
- Step 4: Press the 'Submit' button.
- Step 5: Your allotment status will be shown in the window.
- Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids).
- Step 2: Select the company 'Amanta Healthcare' under Equity & SME IPO bid details.
- Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
- Step 4: Press the 'Submit' button
- Step 5: The allotment status will be shown in the window.
- Step 1: Open the website of Bombay Stock Exchange (BSE).
- Step 2: Click on 'Investors' option.
- Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
- Step 4: Click on 'Application Status Check'.
- Step 5: Select Equity in the issue type.
- Step 6: Fill in the required details including the 'Issue Name'.
- Step 7: Enter PAN number and click on ‘Search’ to view the status.
Before the IPO opened for public bidding, Amanta Healthcare raised Rs 37.8 crore from six institutional investors via anchor book on August 29. The company, in its filing to exchanges, said it has finalised allocation of 30 lakh shares to anchor investors at Rs 126 per share. Out of the total allocation of 30 lakh shares, 7.93 lakh shares were allocated to Bandhan Mutual Fund which applied through its Small Cap Fund.
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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