Amwill Healthcare IPO cruises through on Day 2: Check GMP, price band and other details

The SME IPO of Amwill Healthcare, which opened for subscription on Wednesday, was fully subscribed by the second day of bidding, reaching an overall subscription of 1.15 times as of 11:00 AM.

The retail portion saw a subscription of 1.37 times, while non-institutional investors subscribed to 49% of their allocated quota. Meanwhile, qualified institutional buyers (QIBs) showed strong demand, subscribing 2.19 times to the issue.

The IPO consists of a fresh equity sale worth Rs 49 crore and an offer for sale (OFS) of approximately Rs 11 crore. Investors can place their bids until February 7.

What is Amwill Healthcare IPO price band

Amwill Healthcare has set its IPO price range between Rs 105 and Rs 111 per share, with a minimum lot size of 1,200 shares for bidding. The allocation includes 20% reserved for institutional investors, 40% for retail investors, and the remaining 40% for non-institutional investors.

Check latest GMP of Amwill Healthcare IPO

Amwill Healthcare had a grey market premium (GMP) of approximately ₹5-6 before the issue opened, indicating a 5% premium over the issue price.

Amwill Healthcare IPO details

Amwill is a derma-cosmetic development company, associated with contract manufacturers, distributor and third party product development agencies, which has enabled it in developing capabilities, in manufacturing, packaging and distribution.

India’s $14 billion beauty and personal care industry is on a roll thanks to online sales of beauty products, premiumisation, and an inclination towards organic and ethical brands.

With the presence of online retailers like Nykaa.com and Amazon.com, the beauty and personal care products category crossed $400 million in internet sales up from $100 million in 2014. The cosmetics sector will continue to expand, reflecting the changing market trends.

The company clocked revenues of Rs 23.15 crore in the six months ended September 2024 period, while profit stood at Rs 6.51 crore.

Allotment and listing date of Amwill Healthcare IPO

Amwill Healthcare is expected to finalize the IPO share allotment process on February 10, with the listing scheduled for February 12.

Also read: Hexaware Technologies IPO to open for subscription on February 12, price band fixed at Rs 674-708 per share

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