Amanta Healthcare IPO was subscribed 82.52 times and its allotment will be finalized today, September 4. 1 crore new shares were issued for the IPO. The grey market price (GMP) is trading at ₹134.5. The company's shares will be listed on September 9.
Amanta Healthcare IPO: Pharmaceutical company Amanta Healthcare's IPO was subscribed 82.52 times and its allotment is being finalized today, September 4. The company had issued 1 crore new shares to raise ₹126 crore, with a price band set at ₹120-126. Investors can check their allotment status through a step-by-step process on the websites of MUFG Intime, NSE, and BSE. The grey market price is trading at ₹134.5, while the shares will be listed on September 9.
IPO Price Band
The price band for Amanta Healthcare's IPO was set at ₹120 to ₹126 per share. This IPO received significant popularity among midcap and retail investors. The tremendous participation from investors highlighted the demand for the company's shares.
How to Check Allotment Status
Investors can obtain information about Amanta Healthcare's share allotment through several methods.
1. Allotment Status on MUFG Intime:
- Open the registrar's official website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html.
- Select 'Amanta Healthcare' from the dropdown menu.
- Fill in details such as PAN, Application Number, or DP Client ID.
- Press the 'Submit' button.
- The allotment status will appear on the screen.
2. On the NSE Website:
- Open the direct link on the NSE website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
- Under 'Equity & SME IPO bid details', select 'Amanta Healthcare'.
- After selecting the company's symbol, fill in the PAN or Application Number.
- After pressing the 'Submit' button, you can view the allotment status.
3. On the BSE Website:
- Open the BSE website and select the 'Investors' option.
- Click on 'Status of Issue Application' in the 'Investor Services' dropdown.
- Navigate to 'Application Status Check'.
- Select 'Equity' for the Issue Type and fill in the 'Issue Name'.
- Enter your PAN number and press the 'Search' button.
What the Latest GMP Indicates
Amanta Healthcare's unlisted shares are trading in the grey market at ₹134.5, which is 6.75 percent higher than the IPO price of ₹126, prior to allotment. This figure is lower compared to the IPO opening day. On the first day, the IPO's GMP (Grey Market Premium) was 19.84 percent. Nevertheless, it indicates a positive listing for investors.
IPO Listing Date
Amanta Healthcare's IPO shares will be listed on NSE and BSE on September 9. Investors are awaiting updates in their demat accounts for this. Experts suggest that the shares are likely to perform positively on the listing day, as both the IPO subscription numbers and the grey market premium are good indicators.
IPO Highlights
Amanta Healthcare's IPO offered opportunities for both retail and anchor investors. It was a special opportunity for retail investors, as the demand for the company's shares was quite high. Through this, investors had the chance to strengthen their portfolios in the pharmaceutical sector.
The company plans to use the funds raised through the IPO to enhance its production, research, and development activities. Additionally, a portion of the IPO proceeds will also be used for project expansion and setting up new factories.
