In the stock market, where all the listed companies are announcing their quarterly results, many companies are taking their market debut after bringing IPOs. The first traders of the week are going to be listed on a big company on Monday and this IPO is indicating strong earnings before the listing. We are talking about Anthem Biosciences IPO, which was Rs 3,395.79 crore and got a tremendous response from investors.
64 times subscribed IPO
The IPO of Anthem Biosciences (Anthem Biosciences IPO) was opened to common investors on July 14 and was bid till 16 July. This was an offer for sale i.e. the offs issue and under this the company introduced 5,95,75,319 shares for sale. The face value of these shares was Rs 2 and the price band was Rs 570 per share. Its investors gave strong response and it was subscribed to 63.86 times.
Discount also showed effect
This IPO can also be considered as the role of discounts given by the company to the employees behind the strong response. In fact, under the Anthem IPO, the employee working in this company was allowed to invest in a price band at a discount of Rs 50, that is, antenem iPO price band was kept at Rs 520 for them. Now its listing is going to be on BSE and NSE.
31% will be benefited as soon as the list is done!
Anthem IPO is already seen in gray-marketing from its stock market debut and is indicating vigorous earnings. Actually, its GMP is running Rs 177 and compared to the price band, then its stocks can be listed at Rs 747 in Share Market. That is, the amount brought by investors can lead to a jump of 31 percent in minutes. Before opening for common investors, it was opened for anchor investors on 11 July and the company earned Rs 1016 crore from them.
Calculation of benefits on this listing
Now talk about full calculations of advantage, then the company had fixed the lot size 26 shares under the IPO and according to the price band, any investor had to bid for at least so many shares and for this the minimum was to invest Rs 14820. Now if according to GMP, its share list is done, then their amount will increase to Rs 19,422 in one stroke and on each lot, the investor will get a strong benefit of Rs 4602.
(Note- Be sure to consult your market experts before any investment in IPO or stock market.)
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