Amanta Healthcare, Vikran Engg, Anlon IPO GMPs surge up to 17%; check key details

Shares of Vikran Engineering and Anlon Healthcare are witnessing strong investor interest in the primary market, reflected in the rise in their GMPs.

Shares of Vikran Engineering and Anlon Healthcare are witnessing strong investor interest in the primary market, reflected in the rise in their grey market premiums (GMPs).

Vikran Engineering and Anlon Healthcare, whose initial public offerings (IPOs) opened on August 26, have seen steady traction in the unofficial market, while Amanta Healthcare, set to open its public issue on September 1, is also drawing attention, according to market trackers.

Grey market premium, an indicator of investor sentiment, shows the price investors are willing to pay over the issue price ahead of listing.

On the subscription front, Vikran Engineering continued to see robust demand on the second day of its public issue. The company's IPO received 5 times subscription, as per data available with the NSE, till 4 p.m.

The Rs 121-crore IPO of Anlon Healthcare also recorded strong participation. The issue was subscribed nearly 4 times on the second day of bidding on August 28, so far.

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Meanwhile, Amanta Healthcare Ltd, engaged in manufacturing sterile liquid products including large and small volume parenterals, will open its IPO on September 1. The company aims to raise up to Rs 126 crore at the upper price band. The issue comprises up to one crore equity shares with a face value of Rs 10 each, in the price band of Rs 120 – Rs 126 per share.

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