Anondita Medicare’s SME IPO witnessed substantial investor interest, oversubscribing 60.72 times, fueled by a strong grey market premium suggesting a potential 48% gain upon listing. The IPO aims to raise funds for capital expenditure, working capital, and potential acquisitions. The company, manufacturing condoms under the ‘COBRA’ brand, has shown impressive revenue and profit growth.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets