Vikran Engineering IPO Vs Anlon Healthcare IPO: Which One to Choose?
The initial public offerings (IPOs) of Vikran Engineering Ltd. and Anlon Healthcare Ltd., which opened for subscription on August 26, were fully booked on their opening day. The mainboard IPOs will remain open for bidding until August 29.
Grey Market Premium (GMP) of Vikran Engineering IPO and Anlon Healthcare IPO
The latest grey market premium (GMP) for the Vikran Engineering IPO stood at Rs 9 on August 28. Based on the upper end of the price band of Rs 97 apiece, the estimated listing price stands at Rs 106 per share. This implies an expected listing gain of about 9.28% per share.
The latest GMP for Anlon Healthcare IPO stood at Rs 5 on August 28. Based on the upper end of the price band of Rs 91, the stock is projected to be listed at Rs 96 apiece. This translates into an expected listing gain of about 5.49% per share.
Subscription Status of Vikran Engineering IPO and Anlon Healthcare IPO
The IPO of Vikran Engineering Ltd. was subscribed 5.24 times on Thursday, as per the NSE data. The mainboard issue received bids for 30,76,74,240 shares against 5,87,39,128 shares on offer.
The IPO of Anlon Healthcare Ltd. was subscribed 3.30 times on Thursday, as per the NSE data. The public offer attracted bids for 4,39,34,124 shares against 1,33,00,000 shares on offer.
IPO Details of Vikran Engineering Ltd.
Issue Type: Book-built issue
Issue Size: Rs 772 crore.
Offer Details: Fresh issue of 7.43 crore shares, aggregating to Rs 721 crore, and an offer-for-sale (OFS) of 53 lakh shares, amounting to Rs 51 crore.
Price Band: Rs 92 and Rs 97 per share.
Lot Size: 148 shares, requiring a minimum investment of Rs 14,356 for retail investors.
Allotment Date: September 1
Listing Date: September 3
IPO Details of Anlon Healthcare Ltd.
Issue Type: Book-built issue
Issue Size: Rs 121.03 crore.
Offer Details: Fresh issue of 1.33 crore shares
Price Band: Rs 86 and Rs 91 per share.
Lot Size: 164 shares, requiring a minimum investment of Rs 14,104 for retail investors.
Allotment Date: September 1
Listing Date: September 3
Company Profile of Vikran Engineering Ltd.
Vikran Engineering Ltd., founded in 2008, is an engineering, procurement and construction (EPC) company. Its portfolio includes projects in underground water distribution, surface water extraction, overhead tanks and distribution networks.
Company Profile of Anlon Healthcare Ltd.
Founded in 2013, Anlon Healthcare Ltd. operates in the chemical and pharmaceutical sector, specialising in the production of high-purity pharmaceutical intermediates and active pharmaceutical ingredients (APIs). These products serve as components for medicines, nutraceuticals, personal care items and animal health products.
Note: GMP does not represent official data and is based on speculation. GMP Data as per InvestorGain.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
For more information on the Indian stock market and IPOs, please visit our Indian stock market and IPO news sections.