New Delhi, 01 September (Kiran News): Shares of Anondita Medicare made a powerful entry into the stock market today, bringing joy to its IPO investors. The company’s shares were issued at a price of ₹145 under the IPO. On the NSE SME platform, the shares were listed at ₹275.50, reflecting a premium of 90%. Following the strong listing, increased buying pushed the share price even higher. By 10:15 am, the shares were trading at ₹288. This means IPO investors have already seen a profit of 98.62% in early trade.
Anondita Medicare’s ₹69.50 crore IPO was open for subscription from August 22 to August 26. The IPO received an overwhelming response from investors, with an overall subscription of 300.89 times. The reserved portion for Qualified Institutional Buyers (QIB) was subscribed 153.03 times, while the reserved portion for Non-Institutional Investors (NII) saw 531.82 times subscription. The reserved portion for retail investors was subscribed 286.20 times. Under this IPO, the company issued 47.93 lakh new shares with a face value of ₹10 each. The funds raised through the IPO will be used for the purchase of new equipment and machinery, meeting working capital requirements, and for general corporate purposes.
According to the claims made in the prospectus, the company’s financial health has shown consistent improvement. In the financial year 2022-23, the company recorded a net profit of ₹35 lakh, which rose to ₹3.84 crore in the next financial year 2023-24, and further jumped to ₹16.42 crore in 2024-25. During this period, the company’s revenue grew at a compound annual growth rate (CAGR) of over 46%, reaching ₹77.13 crore. However, the company’s debt also continued to rise, standing at ₹22.66 crore at the end of FY 2022-23, increasing to ₹24.01 crore at the end of FY 2023-24, and reaching ₹27.39 crore at the end of FY 2024-25.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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