New Delhi, September 1(HS)

Anondita Medicare delivered a spectacular entry into the stock market today, delighting its IPO investors with impressive gains. The company had issued shares at Rs. 145 each during its IPO. Today, on NSE’s SME platform, the listing soared at a 90% premium, debuting at Rs. 275.50 per share. Buoyed by the strong listing and brisk buying momentum, Anondita Medicare’s shares further rallied to trade at Rs. 288 by 10:15 a.m., reflecting a handsome profit of 98.62% for IPO investors so far.

The Rs. 69.50 crore IPO was open for subscription from August 22 to 26 and witnessed an overwhelming response, oversubscribed 300.89 times. Qualified Institutional Buyers (QIBs) showed robust interest with 153.03 times subscription, while Non-Institutional Investors (NIIs) subscribed 531.82 times. Retail investors also eagerly participated, with their portion oversubscribed 286.20 times. The IPO comprised 47.93 lakh new shares with a face value of Rs. 10 each.

Proceeds from the IPO will be utilized to acquire new equipment and machinery, meet working capital requirements, and fulfill general corporate purposes.

Financially, the company has demonstrated strong and steady growth. As per the prospectus, net profit surged from Rs. 35 lakh in fiscal 2022-23 to Rs. 3.84 crore in 2023-24, and further jumped to Rs. 16.42 crore in 2024-25. During this period, revenue grew at an impressive compound annual growth rate (CAGR) of over 46%, reaching Rs. 77.13 crore. However, the company’s debt also increased steadily from Rs. 22.66 crore in 2022-23 to Rs. 27.39 crore by the end of 2024-25.

Anondita Medicare’s powerful market debut and robust fundamentals underscore its growing stature and potential in the healthcare sector.

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Hindusthan Samachar / Jun Sarkar