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Anlon Healthcare IPO Listing Update: Gujarat-headquartered chemical maker Anlon Healthcare's shares entered the listed space on Wednesday, opening on stock exchanges BSE and NSE for the first time ever. The Anlon stock -- traded with the symbol AHCL on the bourses -- opened at Rs 91 on BSE (no premium, no discount) and at Rs 92 on NSE, a premium of 1.1 per cent over the issue price.
The company produces pharma intermediates and active pharmaceutical ingredients (APIs).
Here's everything to know about Anlon Healthcare's IPO:
Anlon Healthcare's IPO was open for subscription from August 26 to August 29, with shares available for bidding in the range of Rs 86-91 apiece. During that window, potential investors could bid for Anlon Healthcare shares in lots of 164 shares at a time -- 164 shares per lot.
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The Anlon Health IPO comprised fresh issuance worth Rs 121 crore.
The public offer concluded on August 29 with an overall subscription of 7.1 times the equity on offer, attracting bids for 9.48 crore shares against the 1.33 crore units on offer.
All categories of investors responded enthusiastically to the offer.
While the qualified institutional buyer (QIB) portion saw a booking of 1.1 times the equity reserved, the portions set aside for non-institutional investors (NIIs) and retail individual investors (RIIs) were subscribed 10.61 and 47.3 times, respectively.
Out of the fresh issuance, 75 per cent was reserved for QIBs, 15 per cent for NIIs, and 10 per cent for RIIs.
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