IPO
Amanta Healthcare’s Rs.126-Cr IPO subscribed 83 times
Ahmedabad-based pharma company focused on parenteral formulations Amanta Healthcare ’s INR 126 crore IPO was booked 82.58 times, with the issue garnering bids for 57,80,38,335 shares as against 70,00,000 shares on offer.The quota for non-institutional investors fetched 36.39 times subscription, while the category for retail investors was subscribed 23.31 times. The qualified institutional buyers (QIBs) portion received a 53% subscription.The IPO is a fresh issue of 1 crore shares. The price range for the offer has been fixed at INR 120-126 per share.The company plans to use the IPO proceeds for funding capital expenditure and for construction work and towards the purchase of equipment, plant and machinery for setting up a new manufacturing line at Hariyala, Kheda, Gujarat.
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