Amanta Healthcare IPO over subscribed

New Delhi: The initial public offer of Amanta Healthcare Ltd received 19.60 times subscription on the second day of bidding on Tuesday. The Rs 126-crore IPO got bids for 13,72,33,656 shares against 70,00,000 shares on offer, according to NSE data.

The quota for non-institutional investors fetched 36.39 times subscription, while the category for retail individual investors (RIIs) subscribed 23.31 times.

The Qualified Institutional Buyers (QIBs) portion received 53 per cent subscription. The company’s initial public offering (IPO) has a fresh issue of up to 1 crore shares. The price range for the offer has been fixed at Rs 120-126 per share. The IPO will conclude on Wednesday.