Anlon Healthcare IPO allotment likely today; shares to list September 3

 Anlon Healthcare Ltd’s IPO  allotment today: Investors who subscribed to Anlon Healthcare Ltd’s IPO will find out their allotment status today, September 1. The issue, open for subscription from August 26 to August 29, attracted strong demand across retail, institutional, and non-institutional categories.

Oversubscription details

According to NSE data, the IPO was oversubscribed over seven times, with bids for 9.47 crore shares against an offer of 1.33 crore shares. Retail investors led the charge with nearly 47 times subscription in their segment. Non-institutional investors subscribed more than 10 times, while institutional buyers slightly oversubscribed their quota.

IPO proceeds and company plans

Anlon Healthcare raised approximately Rs 121 crore through the fresh issue. The company plans to use the funds mainly for capital expenditure, repayment of loans, and working capital needs.

How to check your allotment status

Investors can verify their allotment status on the official websites of BSE, NSE, and IPO registrar KFin Technologies by entering their application number or PAN. Shares will be credited to successful applicants’ Demat accounts on September 2, and refunds for unsuccessful bidders will be processed the same day.

Listing date and company background

Anlon Healthcare’s shares are expected to list on BSE and NSE on September 3. Headquartered in Rajkot, Gujarat, the company manufactures active pharmaceutical ingredients (APIs) and pharmaceutical intermediates. The IPO proceeds will support its expansion and strengthen its financial position.