Anlon Healthcare IPO booked 2.52 times so far on day 2; check price band, lot size and key details

Anlon Healthcare IPO: The initial public offering of chemical manufacturing company Anlon Healthcare has been subscribed 2.52 times so far on the second day of bidding on Thursday, August 28.

The issue has secured bids for 3,34,77,976 shares compared to 1,33,00,000 shares on offer, according to the NSE data until 12:16 pm.

The bidding was led by retail individual investors, who subscribed their portion 16.26 times subscription, while the category for non-institutional investors was booked 1.37 times. Qualified institutional buyers attracted a 91% subscription.

Anlon Healthcare's initial share sale seeks to raise ₹121.03 crore via fresh issuance of 1,33,00,000 shares. There is no offer-for-sale component.

The net proceeds from the fresh issue will be utilised for funding capital expenditure requirements, repayment of certain outstanding secured borrowings, funding working capital requirements, and general corporate purposes.

Anlon Healthcare IPO: Price band and lot size

The IPO has set a price band of ₹86 to ₹91 per share. A lot consists of 164 shares.

• Qualified Institutional Buyer – 75% of the net offer
• Non-Institutional Investor – 15% of the net offer
• Individual investor – 10% of the net offer

Interactive Financial Services Limited is the issue's book-running lead manager, while KFin Technologies serves as the registrar.

Punitkumar R Rasadia, Managing Director of Anlon Healthcare, said, "The proposed public issue represents an opportunity to further this growth. Establishing a manufacturing facility at Palghar is expected to expand our production capabilities and enable us to participate more effectively in the value chain. Additional working capital will allow us to scale operations and service a larger customer base, while the balance of proceeds will support overall business requirements."

Anlon Healthcare manufactures pharma intermediates and active pharmaceutical ingredients (APIs).

Anlon Healthcare IPO latest GMP

According to media reports and investorgain.com, Anlon Healthcare's unlisted shares are trading at ₹96 per share, reflecting a grey market premium of 5.49% over the upper price band of ₹91.