The IPO of Anlon Technology Solutions to raise ₹15 crore by issuing 15 lakh shares has attracted a massive subscription of 397 times, with all categories of investors showing tremendous interest in the offering. .
The IPO was subscribed 447.06 times in the retail category, 54.53 times in the QIB category and 883.58 times in the NII category. In total, the issue was subscribed to over 397.97 times, according to the NSE SME.
The retail portion of the issue received bids for 22.31 billion shares, while the qualified institutional and non-institutional portion received subscriptions for 1.55 billion shares and 18.87 billion shares, respectively.
use of funds
It has announced a price range of ₹95-100 to mobilize ₹15 crore at the cap. The issue opened for subscription on December 29 and closed on Monday. The market lot is 1,200 shares.
The issue represents 26.76 percent of the Company’s paid-up capital after the issue. From the net proceeds of the IPO money, Anlon Technology Solutions (ATSL) will use £10.25 million for working capital and general corporate purposes.
It has allocated 76,800 shares to the Market Maker, 710,400 (50 percent) shares to QIBs, 2,13,600 (15 percent) shares to HNIs and 4,99,200 (35 percent) shares to Retail Investors.
product line
ATSL, which provides high-quality lifesaving, lifecycle support and engineering services for high-end infrastructure projects, is listed on NSE Emerge.
It targets sectors such as aerospace, petrochemicals, refineries, transportation, energy and mining. The Company provides engineering, design, fabrication and installation services to its customers.
DIVIDE
Released January 2, 2023
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