Anondita Medicare IPO GMP is at Rs 85. Listing will be on September 1. It is estimated that the stock may list at Rs 230.
Anondita Medicare IPO has created a huge stir in the grey market. The current grey market premium (GMP) of the company’s shares has reached Rs 85. This means that investors can get a profit of more than 58% on the day of share listing.
It is estimated that the stock of Anondita Medicare may be listed on 1 September 2025 at around Rs 230. The company had fixed the issue price of the share for the IPO at Rs 145.
Huge demand from investors
Investors took the Anondita Medicare IPO with open arms. The total subscription of the public issue reached 300.89 times. The quota of retail investors was filled 286.20 times, while the subscription of non-institutional investors (NII) reached 531.82 times and the QIB category reached 153.03 times.
Company’s business model
Anandita Medicare manufactures condoms for men and women and sells it under the brand name COBRA. The company produces 562 million condoms annually. Its manufacturing plant is in Noida (Uttar Pradesh). Also, the company exports its products to many countries in South East Asia, Africa and Middle East.
Investment for retail investors
Retail investors could apply for up to 2 lots in this IPO. Each lot had 1000 shares, that is, an investment of about Rs 2.90 lakh had to be made for 2 lots.
There is tremendous enthusiasm among investors about the listing and market experts believe that GMP is indicating that the stock can make a great start in the market.