The SME IPO of Amwill Healthcare, which opened for subscription on Wednesday, was fully subscribed by the second day of bidding, reaching an overall subscription of 1.15 times as of 11:00 AM.
The retail portion saw a subscription of 1.37 times, while non-institutional investors subscribed to 49% of their allocated quota. Meanwhile, qualified institutional buyers (QIBs) showed strong demand, subscribing 2.19 times to the issue.
The IPO consists of a fresh equity sale worth Rs 49 crore and an offer for sale (OFS) of approximately Rs 11 crore. Investors can place their bids until February 7.
Amwill Healthcare has set its IPO price range between Rs 105 and Rs 111 per share, with a minimum lot size of 1,200 shares for bidding. The allocation includes 20% reserved for institutional investors, 40% for retail investors, and the remaining 40% for non-institutional investors.
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