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Vikran Engineering, Anlon Healthcare IPOs Close Oversubscribed as Allotments Near

Allotments are due Sept. 1 with grey-market quotes pointing to mild listing upside.

Overview

  • Vikran Engineering’s Rs 772 crore offer closed Aug. 29 at 23.59 times overall subscription within a Rs 92–97 price band.
  • Final bids for Vikran were led by non-institutional investors at 58.58 times, with QIBs at 19.45 times and retail at 10.97 times.
  • Anlon Healthcare’s Rs 121.03 crore all-fresh issue ended at 4.75 times overall subscription in the Rs 86–91 band.
  • Anlon saw heavy retail interest at about 30 times, while QIBs were around 1.01 times and NIIs roughly 4.72 times by close.
  • Share allotments are slated for Sept. 1, with credits/refunds on Sept. 2 and listings targeted for Sept. 3; latest GMPs indicate about 6% for Vikran and roughly 5% for Anlon, which remain unofficial and subject to change.