Anlon Healthcare IPO fully subscribed on opening day; check lot size and key dates

Anlon Healthcare IPO, with a price band of ₹86 to ₹91 per share, was fully subscribed on the first day of bidding on Tuesday, August 26. The offer will conclude on August 29.

The initial share sale secured bids for 1,36,69,400 shares compared to 1,33,00,000 shares on offer, translating to 1.03 times subscription, according to the NSE data.

The initial public offering aims to raise ₹121.03 crore by issuing 1.33 crore new shares. There is no offer for sale (OFS) component.

The objectives of the issue include funding capital expenditure needs for proposed expansion, repayment of certain outstanding borrowings by the company, working capital needs and general corporate purposes.

Anlon Healthcare IPO lot size

A lot size consists of 164 shares. The company has set aside 75% of the net issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and the remaining 10% for retail investors.

Anlon Healthcare IPO timeline: Allotment and listing dates

Anlon Healthcare is a chemical manufacturing company involved in making pharma intermediates and active pharmaceutical ingredients (APIs).

Anlon Healthcare IPO latest GMP

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