Aanjaneya Lifecare IPO subscribed

Aanjaneya Lifecare Limited which had tapped the capital markets with its IPO for 50 lakh shares in a price band of Rs 228-240 managed to get subscribe don the last day today. Readers would recall that when the QIB portion closed for subscription yesterday, that portion remained undersubscribed and managed a mere 14% subscription. Today the issue received some subscription from HNI’s and retail and managed to get subscribed by an overall 1.11 times.

The details of the subscription level in various categories are given below: –

Category Shares Offered Shares Subscribed Times
QIB 2500000 348300 0.14
NII 750000 1986200 2.65
Retail 1750000 3212875 1.84
Overall 5000000 5547375 1.11

The issue has managed subscription in the last few hours. IT would be interesting to see the basis of allotment and the number of retail applications that the company has been able to garner.

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