Anlon Healthcare’s Rs 121 crore IPO opened with 5% subscription within the first hour, showing strong retail investor interest. The IPO, priced between Rs 86 and Rs 91, has a grey market premium of around 4%. Funds from the IPO will support expansion and debt repayment, with Anand Rathi recommending a ‘Subscribe – Long Term’ rating despite valuation concerns.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets