Anlon Healthcare IPO
Anlon Healthcare Limited (AHCL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 September 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +8.5% (likely range -3% to +14%), day's high +21.9%, chance of a gain 82%. Actual: +1.1% at the open, +1.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 99,75,000 | 1,06,89,028 | 1.07x | |
| NII (HNI) total | 19,95,000 | 2,11,61,412 | 10.6x | |
| Big NII (above ₹10 lakh) | 13,30,000 | 1,00,59,924 | 7.56x | |
| Small NII (₹2-10 lakh) | 6,65,000 | 1,11,01,488 | 16.7x | |
| Retail | 13,30,000 | 6,29,12,368 | 47.3x | |
| Total | 1,33,00,000 | 9,47,62,808 | 7.12x |
Bids on NSE and BSE together, as published by NSE, as of 29 Aug 2025, 07:00 PM. Shares offered exclude the anchor portion. 55% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Anlon Healthcare's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| HP AdhesivesDec 2021 | 1.82x | 19.0x | 81.2x | 21.0x | ₹126 Cr | +15.0% | +20.7% |
| Garuda Construction and EngineeringOct 2024 | 1.24x | 9.03x | 10.8x | 7.55x | ₹275 Cr | +10.5% | +27.4% |
| Shriram PropertiesDec 2021 | 1.85x | 4.82x | 12.7x | 4.60x | ₹627 Cr | -23.7% | -9.8% |
| Sah PolymersJan 2023 | 2.40x | 32.7x | 39.8x | 17.5x | ₹66.3 Cr | +30.8% | +37.3% |
| Apex Frozen FoodsAug 2017 | 1.91x | 7.82x | 8.53x | 6.14x | ₹152 Cr | +15.4% | +21.2% |
| Veranda Learning SolutionsMar 2022 | 2.02x | 3.87x | 10.8x | 3.53x | ₹325 Cr | -8.8% | -4.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Interactive Financial Services | 3 | -10.3% | 67% |
Offer documents (NSE)
Frequently asked
What is the Anlon Healthcare IPO price band and lot size? ₹86.0–91.0 per share, with a lot of 164 shares, so the smallest retail bid is ₹14,924.
How many times has it been subscribed? 7.12x overall: QIB 1.07x, NII 10.6x, retail 47.3x.
How did it list? It opened at ₹92.0, +1.1% against the issue price of ₹91.0, and closed its first day +0.8%.
