Aanjaneya Lifecare IPO : Finally subscribed 1.11 times

by khalid on 12/05/2011 · 0 comments

The IPO of Aanjaneya Lifecare Limited has received a little response from the investors with the final day subscription figure reached to just 1.11 times on an overall basis. Aanjaneya Lifecare IPO is open on 9th May 2011 and will get closed on 12th May 2011 for subscription. The IPO has managed to get a little bit better response from Non Institutional Investors Category where it overbid by 2.65 times on the final day of subscription. The price band for the issue is Rs 228 at lower level and Rs 240 at upper level. Aanjaneya Lifecare Limited is a pharmaceutical company engaged in manufacturing & marketing of Bulk Drugs, Finished Dosage Forms, Herbal Medicines, Inhalers, Lozenges and Animal Health.

The category-wise subscription status of IPO on closing of final day is given below:-

Qualified Institutional Buyers (QIBs) : 0.14 times
Non Institutional Investors : 2.65 times
Retail Individual Investors : 1.84 times
Overall : 1.11 times

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book running lead managers (BRLM) to the issue are Anand Rathi Securities Limited and IDBI Capital Market Services Limited.

Registrar of the Issue : Link Intime (India) Private Limited

Stay tuned to BelltheBull Blog for more on Aanjaneya Lifecare IPO !

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