Amanta Healthcare IPO sets price band at ₹120 to ₹126 per share; check lot size and all you need to know

Amanta Healthcare IPO: Pharmaceutical company Amanta Healthcare Ltd has set a price band of ₹120 to ₹126 per share for its ₹126 crore initial public offering. The issue will be open from September 1 to September 3. The bidding for anchor investors will take place on August 29.

The initial share sale is solely a fresh issuance of one crore shares, without an offer for sale (OFS) component. Since there is no OFS, the money raised will be retained by the company.

Amanta Healthcare IPO: Objectives

Funds to the tune of ₹70 crore will be used to fund capital expenditure requirements for construction and towards the purchase of equipment, plant and machinery for setting up a new manufacturing line of SteriPort, and ₹30.13 crore will be utilised for construction and the purchase of equipment for establishing a new manufacturing line for SVP. A part will also be used for general corporate purposes.

Amanta Healthcare IPO: Lot size

Investors can apply for at least 119 shares and in multiples thereafter. Half of the net issue is set aside for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs) and the remaining 15% for non-institutional investors (NIIs).

Amanta Healthcare IPO key dates

The allotment status of the Amanta Healthcare IPO will be finalised on September 4. The refunds for non-allottees will be processed on September 5, while shares will be credited to the Demat account of allottees on the same day. The stock listing on NSE and BSE will take place on September 8.

Beeline Capital Advisors is the sole book-running lead manager of the issue, while MUFG Intime India is the registrar.

Amanta Healthcare, a pharmaceutical company, specialises in the development, manufacturing and marketing of sterile liquid products, especially parenteral products packaged in plastic containers using Aseptic Blow-Fill-Seal and Injection Stretch Blow Moulding technologies.

It makes fluid therapy formulations, including ophthalmic solutions, diluents, IV fluids, and respiratory care products. It also provides irrigation solutions, eye lubricants and first-aid products.