Amanta Healthcare IPO GMP: Pharma Company's Public Issue Fully Subscribed Within First Hour of Bidding

Amanta Healthcare IPO (Amanta Healthcare IPO Ltd) subscription window opened today on September 1. The mainboard issue has been fully booked across categories within hours on the first day of subscription. The pharmaceutical company’s issue has received bids for over 9.5 million shares so far, compared to the 7 million shares offered for subscription, leading to the issue being oversubscribed 1.36 times at the time of writing the story.

Amanta Healthcare IPO GMP

The grey market premium for  Amanta Healthcare shares is ranging between Rs 28 to Rs 29, according to data from multiple websites which track the movement of unlisted shares on the grey market. Given the Grey Market Premium (GMP) of Rs 29, the stock is likely to make a robust D-street debut with a premium of over 23.01 per cent at Rs 155 per share

Amanta Healthcare IPO: Subscription Update

The pharmaceutical goods maker’s issue has been booked over 2.17 times in the retail individual investors category so far. Retail investors applied for over 7.5 million shares compared to the 3.5 million shares reserved for the category. 

Non-Institutional Investors (NIIs) applied for over 1.9 million shares against the 1.5 million shares set aside for them. The pharmaceutical company's issue was booked 1.27 times in the NII category. Qualified Institutional Buyers (QIBs) applied for 5,117 shares of the pharmaceutical company on the first day of bidding against the 2 million shares set aside for the category.

Amanta Healthcare IPO: Offer Size and Price Band

Amanta Healthcare IPO is worth Rs 126 crore.  Amanta Healthcare IPO consists only of a fresh issue of 10 million shares. The price band for  Amanta Healthcare IPO was set at Rs 120 to Rs 126 per share.

Amanta Healthcare  IPO: Lot Size and Minimum Investment

Retail investors interested in applying for  Amanta Healthcare IPO can place bids for a minimum of 119 shares, which aggregates to an investment of Rs 14,994. The minimum lot size for Small Non-Institutional Investors (sNIIs) interested in applying for  Amanta Healthcare IPO is 14 lots or 1,666 shares amounting to an investment of Rs 2,09,916. Big Non-Institutional Investors (bNIIs) can apply for the public issue by by bidding for 67 lots or 7,973 shares aggregating to Rs 10,04,598.

Amanta Healthcare IPO: Subscription window, listing date, allotment date
Amanta Healthcare IPO will remain open from September 1 to September 3. The basis of allotment of  Amanta Healthcare IPO will be decided on September 4.

After the basis of allotment for  Amanta Healthcare IPO is decided the pharmaceutical company will initiate refunds for unsuccessful applicants on September 8. Successful bidders will receive shares of  Amanta Healthcare in their demat accounts on September 8 as well. Amanta Healthcare’s shares will make their D-street debut on the NSE and BSE. Amanta Healthcare Ltd shares are slated to make their D-street debut on September 9.

Amanta Healthcare: Key financials

Amanta Healthcare’s total income for FY25 stood at Rs 276.09 crore, falling by over 2 per cent from Rs 281.61 crore in FY24. The pharmaceutical company’s profit-after-tax surged by over 189 per cent to Rs 10.5 crore in FY25 compared to    Rs 3.63 crore in the preceding fiscal. The pharmaceutical firm’s net worth increased by over 45 per cent to Rs 96.39 crore in FY25 compared to Rs 66.29 crore in FY24.

Amanta Healthcare IPO: Registrar

Amanta Healthcare IPO book running lead manager is Beeline Capital Advisors Pvt.Ltd and the registrar for the issue is MUFG Intime India Pvt.Ltd.

Amanta Healthcare: Promoters

Promoters of  Amanta Healthcare include Bhavesh Patel, Vishal Patel, Jayshreeben Patel, Jitendra Kumar Patel and Milcent Appliances Private Ltd. The promoters of the company held 85.6 per cent stake in Amanta Healthcare Ltd. After the public issue concludes the promoters of the company will reduce their stake to 63.56 per cent.

Amanta Healthcare IPO: Objective

Amanta Healthcare Ltd seeks to use the funds generated via the public issue for financing its capital expenditure and undertaking civil construction work and buying equipment, plant and machinery for its upcoming facility located in Kheda, Gujarat.The pharmaceutical firm will also use the public issue’s proceeds for general corporate purposes.

About  Amanta Healthcare Ltd

Amanta Healthcare Ltd was incorporated in December 1994. The company specialises in the development, making  and marketing of several pharmaceutical goods. The goods manufactured by the company include fluid therapy formulations, first-aid products, and eye lubricants.