Amwill Healthcare IPO subscribed 21% so far on Day 1: Check GMP, price band and other details

The SME initial public offering (IPO) of Amwill Healthcare opened on Wednesday, with overall subscription reaching 21% as of 11:43 AM on the first day of bidding. The issue, which is a mix of fresh equity sale worth Rs 49 crore and an offer for sale (OFS) of about Rs 11 crore, will be available for bidding till February 7.

The retail portion of the issue was subscribed by 39%, while the issue was subscribed by 14% in the non-institutional investors category on the first day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

Amwill Healthcare IPO’s GMP on Day 1

Ahead of listing, the company's shares were trading at a Grey Market Premium (GMP) of Rs 14 in the unlisted market on Wednesday, reflecting a 12.6% premium over the upper end of the IPO price band of Rs 111.

What is Amwill Healthcare IPO price band

Amwill Healthcare has priced its IPO in the range of Rs 105-11 per share, where investors can bid for 1,200 shares in one lot. About 20% is reserved for institutional investors, 40% for retail investors and the rest 40% for non-institutional investors.

Check latest GMP of Amwill Healthcare IPO

Amwill Healthcare had a GMP of around Rs 13 ahead of the issue opening, which translates to a premium of 12% over the issue price.
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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.

Check allotment and listing date of Amwill Healthcare IPO

Amwill Healthcare is likely to finalise the share allotment process for the IPO on February 10 and the listing date is scheduled for February 12.

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