Vikran Engineering and Anlon Healthcare IPOs Open with Promising Grey Market Premiums
Two IPOs have opened for subscription: Vikran Engineering, an EPC company specializing in water infrastructure projects, with a Rs 772.00 crore IPO and a price band of Rs 92.00-97.00 per share, and Anlon Healthcare, a pharmaceutical intermediates and APIs producer, with a Rs 121.03 crore IPO and a price band of Rs 86.00-91.00 per share. Both IPOs show positive grey market premiums, with Vikran Engineering at Rs 18.00 per share and Anlon Healthcare at Rs 5.00 per share. The subscription period for both is from August 26 to August 29, with share allotment on September 1 and listing on September 3.
*this image is generated using AI for illustrative purposes only.
Two initial public offerings (IPOs) have opened for subscription, offering investors new opportunities in the engineering and healthcare sectors. Vikran Engineering and Anlon Healthcare have launched their IPOs, both showing positive grey market premiums on their opening day.
Vikran Engineering IPO Details
Vikran Engineering, an EPC company specializing in water infrastructure projects, has opened its Rs 772.00 crore IPO for subscription. Here are the key details:
- Subscription Period: August 26 to August 29
- Price Band: Rs 92.00-97.00 per share
- Grey Market Premium: Rs 18.00 per share
- Expected Listing Gain: 18.56%
- First Day Subscription: 1.61 times
The strong first-day subscription and the significant grey market premium suggest robust investor interest in Vikran Engineering's offering.
Anlon Healthcare IPO Highlights
Anlon Healthcare, a company producing pharmaceutical intermediates and APIs, has also entered the primary market with its IPO. Here's what investors need to know:
- IPO Value: Rs 121.03 crore
- Subscription Period: August 26 to August 29
- Price Band: Rs 86.00-91.00 per share
- Grey Market Premium: Rs 5.00 per share
- Expected Listing Gain: 5.49%
- First Day Subscription: 0.76 times
While Anlon Healthcare's IPO saw a more modest first-day subscription compared to Vikran Engineering, the positive grey market premium indicates investor optimism.
Key Dates for Both IPOs
Investors interested in these offerings should note the following important dates:
- Share Allotment: September 1
- Listing Date: September 3
Company Backgrounds
Vikran Engineering
Founded in 2008, Vikran Engineering has established itself as an EPC (Engineering, Procurement, and Construction) company with a focus on water infrastructure projects. The company's specialization in this critical sector may be a factor contributing to investor interest.
Anlon Healthcare
Established in 2013, Anlon Healthcare operates in the pharmaceutical sector, producing intermediates and Active Pharmaceutical Ingredients (APIs). The company's role in the pharmaceutical supply chain positions it in a sector that has seen increased attention in recent years.
The contrasting subscription rates and grey market premiums between these two IPOs reflect the diverse investor sentiment across different sectors. As always, investors are advised to conduct thorough research and consider their risk appetite before participating in any IPO.
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