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1h ago

Vikran Engineering Leads Subscriptions as Two Mainboard IPOs Hit Final Day

Grey market quotes point to modest listing gains ahead of allotment on Sept. 1.

Vikran Engineering IPO GMP
Vikran Engineering IPO
Anlon Healthcare IPO GMP

Overview

  • Vikran Engineering’s IPO was subscribed 6.32 times as of 10:27 a.m. on Friday, led by strong NII (14.28x) and retail (5.99x) bids, with QIBs at 0.92x.
  • Anlon Healthcare’s offer reached 3.67 times subscription by 10:12 a.m., including 25.05x in retail, 2.72x in NII and 1.01x in QIB demand.
  • Latest grey market premiums indicated about a 12.37% implied gain for Vikran (GMP ~Rs 12) and roughly 5.49% for Anlon (GMP ~Rs 5), which are informal sentiment gauges.
  • Both issues opened Aug. 26 and close Aug. 29, with share allotment likely on Sept. 1 and listing targeted for Sept. 3 on the BSE and NSE.
  • Vikran is raising Rs 772 crore (fresh Rs 721 crore; OFS Rs 51 crore) largely for working capital, while Anlon’s Rs 121.03 crore fresh issue is earmarked for capacity expansion, debt repayment, working capital and general corporate purposes.