Two Main Board IPOs Open Together: Anlon Healthcare & Vikraman Engineering IPOs
Hello everyone, all friends are welcome. In this article, we are going to look at two Main Board IPOs opening together. You will have the opportunity to apply in both of these Main Board IPOs. We will discuss the companies’ business models, financial health, IPO dates, price band, and Grey Market Premium (GMP). For daily IPO and Grey Market Premium updates, please subscribe to the channel. Also, join our Telegram group for timely updates; the link is in the comments.
Overview of Both Main Board IPOs
The two Main Board IPOs are Anlon Healthcare IPO and Vikraman Engineering IPO. For applying, a minimum amount of ₹15,000 will be required. Both are Main Board IPOs, meaning both companies will list on BSE and NSE. KFin Tech is the registrar site for Anlon IPO, while Share Private Services Limited is the registrar site for Vikraman Engineering IPO.
IPO Face Value and Price Band
Anlon Healthcare IPO has a face value of ₹10, indicating the company might announce a future stock split. Vikraman Engineering IPO has a face value of ₹1, suggesting higher liquidity.
Regarding the price band, both have double-digit lower price bands. Anlon Healthcare IPO’s lower price band is ₹86, and Vikraman Engineering IPO’s lower price band is ₹92. For applying, you must bid at the upper price band. Anlon Healthcare IPO’s upper price band is ₹91, and Vikraman Engineering IPO’s upper price band is ₹97. Therefore, when applying for these two companies, you should apply at the cut-off price.
Lot Size and Issue Size Details
When applying, you will need to select 164 equity shares for a minimum one lot in Anlon Healthcare IPO and 148 equity shares for Vikraman Engineering IPO.
Looking at the total issue size, Anlon Healthcare IPO has a fresh issue of ₹121 crore, making it entirely a fresh issue. Vikraman Engineering IPO has an issue size of ₹772 crore, which includes a fresh issue of ₹721 crore and an Offer for Sale (OFS) of ₹51 crore. Overall, Vikraman Engineering IPO has a larger total issue size of ₹772 crore compared to Anlon Healthcare IPO’s ₹121 crore.
Issue Distribution and Important Dates
For both IPOs, the issue distribution is as follows: 50% of shares will be allocated to Qualified Institutional Buyers (QIBs), 35% to retail investors, and 15% to High Net Worth Individuals (HNIs).
The important dates for both companies have arrived. The anchor investor booklist and allotment information is already out. Today marks the first day for applying in both companies. Efforts will be made to update you on the subscription numbers by 5 PM. The last date to apply for these IPOs is August 29th. Tomorrow, August 27th, will be a holiday, so you cannot apply. You can apply on August 28th and August 29th. Allotment information for both IPOs will be available on September 1st next week. Refunds for non-allotment are scheduled for September 2nd, and shares will be credited to Demat accounts on September 2nd. Both companies are expected to list on BSE and NSE on September 3rd.
Financial Health and Fundamentals
Let’s discuss some basic fundamentals. Anlon Healthcare, being a health sector company, has a Price-to-Earnings (P/E) ratio of around 17, while Vikraman Engineering IPO has a P/E ratio of around 28. In terms of market capitalization, Anlon Healthcare falls into the micro-cap category with a total market cap of ₹483 crore, and Vikraman Engineering is a small-cap company with a market cap of ₹2500 crore.
Both companies show good performance in Return on Equity (ROE) and Return on Capital Employed (ROCE). Regarding Debt-to-Equity, Anlon IPO has a slightly higher debt. Both companies have shown improvement in their Earnings Per Share (EPS) and Return on Net Worth.
Vikraman Engineering Financial Overview
Let’s look at specific financial figures for Vikraman Engineering IPO:
- Assets: ₹712 crore, then ₹959 crore, then ₹1355 crore.
- Total Income: ₹529 crore, then ₹791 crore, then ₹922 crore.
- Profit After Tax (PAT): Initially ₹43 crore, then ₹75 crore, and currently ₹78 crore.
- EBITDA Margin: The company has consistently shown growth.
- Net Worth: ₹131 crore, then ₹291 crore, and currently ₹467 crore.
- Reserves & Surplus: The company has also shown good improvement here.
- Total Borrowing: ₹154 crore, then ₹183 crore, then ₹272 crore. Overall, the financial health of Vikraman Engineering appears quite good.
Subscription Status and Grey Market Premium (GMP)
As of approximately 1 PM, the subscription response for Vikraman Engineering IPO shows:
- QIB category: Approximately 0.2 times subscribed.
- HNI category: Approximately 1.75 times subscribed (Big HNI: 1.85 times, Small HNI: 1.55 times).
- Retail category: Approximately 1.05 times subscribed.
- Total subscription: Approximately 0.95 times. Anlon IPO also shows a good response so far. Updates on total subscription figures for both IPOs by 5 PM will be provided.
Regarding the Grey Market Premium (GMP), Anlon Healthcare IPO’s GMP is currently trading at ₹5. This suggests a listing gain of approximately 5.5%, which might not be very attractive. The expected listing price is around ₹115.
Vikraman Engineering IPO’s GMP is currently trading around ₹16. With an upper price band of ₹97, a ₹16 gain indicates an expected listing gain of approximately 17%. The expected listing price is around ₹148, which translates to an estimated listing gain of around ₹2200 per lot.
We will keep providing all timely updates. Let me know in the comments which of these two IPOs you are planning to apply for. See you in a new informative video. Until then, Jai Hind, Jai Bharat.
