1 year ago
IPO Subscription Frenzy: Austere Systems and Amanta Healthcare
Two companies, Austere Systems and Amanta Healthcare, are offering shares to the public in what is known as an IPO.
Austere Systems, a software development company, is offering shares at ₹52-55 each.
Amanta Healthcare, a pharmaceutical manufacturer, is offering shares at ₹120-126.
Both companies' IPOs have seen significant interest, with Amanta Healthcare being booked 82.58 times and Austere Systems 7.04 times on the first day.
The expected listing price for Austere Systems is ₹72.
Amanta Healthcare expects to list on September 9.
Money raised from these IPOs will be used to expand their businesses.
Amanta Healthcare IPO closed on September 3, with a massive oversubscription.
Amanta Healthcare's IPO was booked 82.58 times.
Austere Systems' IPO opened on September 3 and will conclude on September 8.
Austere Systems IPO subscription status is 7.04x on day 1.
Amanta Healthcare's GMP is ₹8.
- Who
- Austere Systems and Amanta Healthcare
- What
- Initial Public Offerings (IPOs)
- Where
- BSE, NSE
- When
- September 1-8 (various dates)
- Why
- To raise capital
Key facts
- Austere Systems IPO Price Band
- ₹52 to ₹55 per share
- Amanta Healthcare IPO Price
- ₹120-126 per share
- Amanta Healthcare IPO Subscription
- 82.58 times
- Austere Systems GMP
- ₹17
- Amanta Healthcare GMP
- ₹8
- Amanta Healthcare Listing Date
- September 9
Timeline
Economy improved, fueling a stock market surge and IPO interest.
Then, the IPO market boomed due to these improving conditions.
In response, SEBI eyed easing rules for large IPOs.
The regulatory changes and market boom drew investors.
Optivalue Tek's IPO debuted with an impressive 18% gain.
Quotes
Bhavik Joshi
Business Head INVasset PMS
“For investors, the listing should be interpreted as the start of a longer story rather than a one-day event, with scope for value creation through disciplined project execution and continued policy-driven infrastructure spending.”
livemint.com
Sources
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