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Amanta Healthcare IPO 2025: Key Things Investors Must Know
Amanta Healthcare Ltd, a leading sterile liquid and medical devices manufacturer, is coming out with its IPO in 2025. The funds will be used to set up a new plant in Kheda, Gujarat. Here’s a detailed look at the IPO price band, GMP, subscription, allotment, and listing updates.
Written by: SERNET Research Team
Table of Content
Amanta Healthcare Ltd – Company Background
Amanta Healthcare Ltd is engaged in the development, manufacture, and marketing of sterile liquid products. These are essentially parenteral products to cater to the healthcare industry. The company is also into the manufacture of medical devices. Its product portfolio includes IV fluids, diluents, ophthalmic solutions, and respiratory care products. It also makes first aid products and eye lubricants.
The fresh funds will be used for funding capex at its upcoming plant in Kheda in Gujarat. Amanta Healthcare Ltd was promoted by Bhavesh Patel, Vishal Patel, Jayshree Patel, Jitendra Patel, and Milcent Appliances Private Ltd. The IPO will be lead-managed by Beeline Capital Advisors Private Ltd; while MUFG Intime India Private Ltd will be the IPO registrar. The company is headquartered in the state of Gujarat.
Highlights Of The Ipo Issue Of Amanta Healthcare Ltd
Here are the key highlights of the public issue of Amanta Healthcare Ltd.
- The IPO of will be open from September 01st, 2025 to September 03rd, 2025. It has a face value of ₹10 per share and IPO price band is set in range of ₹120 to ₹126 per share.
- The IPO of Amanta Healthcare Ltd will be entirely a fresh issue of shares with no offer for sale (OFS) component.
- The fresh portion of the IPO comprises the issue of 1,00,00,000 shares (100.00 lakh shares), which at the upper price band of ₹126 per share translates into ₹126 crore.
- As there is no OFS, the overall IPO will comprise the fresh issue of 1,00,00,000 shares (100.00 lakh shares) worth ₹126 crore at the upper band price of ₹126 per share.
The IPO of Amanta Healthcare Ltd will be listed on the NSE and the BSE on the IPO mainboard.
Key Dates, Investor Allocation, And Lot Sizes
Here are the key dates pertaining to the IPO of Amanta Healthcare Ltd
| Event | Tentative Date |
| IPO Open Date | 01st September 2025 |
| IPO Close Date | 03rd September 2025 |
| Basis of Allotment | 04th September 2025 |
| Initiation of Refunds to non-allottees | 08th September 2025 |
| Credit of Shares to Demat | 08th September 2025 |
| Listing Date on NSE and BSE | 09th September 2025 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Category of Investors | Allocation of shares | % Share |
| Reservation for Employees | Nil Reservation | Nil Reservation |
| Anchor Allocation | 30,00,000 shares | 30.00% of total IPO size |
| QIB Shares Offered | 20,00,000 shares | 20.00% of total IPO size |
| NII (HNI) Shares Offered | 15,00,000 shares | 15.00% of total IPO size |
| Retail Shares Offered | 35,00,000 shares | 35.00% of total IPO size |
| Total Shares Offered | 1,00,00,000 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of Amanta Healthcare Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 119 | ₹ 14,994 |
| Retail (Max) | 13 | 1,547 | ₹ 1,94,922 |
| S-HNI (Min) | 14 | 1,666 | ₹ 2,09,916 |
| S-HNI (Max) | 66 | 7,854 | ₹ 9,89,604 |
| B-HNI (Min) | 67 | 7,973 | ₹ 10,04,598 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 119 shares)
Financial Highlights Of Amanta Healthcare Ltd
The table captures the key financials of Amanta Healthcare Ltd for last 3 financial years.
| Particulars | FY25 | FY24 | FY23 |
| Net Revenues (₹ in crore) | 274.71 | 280.34 | 259.13 |
| Sales Growth (%) | -2.01% | 8.19% | |
| Profit after Tax (₹ in crore) | 10.50 | 3.63 | -2.11 |
| PAT Margins (%) | 3.82% | 1.30% | -0.81% |
| Total Equity (₹ in crore) | 96.39 | 66.29 | 62.88 |
| Total Assets (₹ in crore) | 381.76 | 352.12 | 374.06 |
| Return on Equity (%) | 10.89% | 5.48% | -3.36% |
| Return on Assets (%) | 2.75% | 1.03% | -0.56% |
| Asset Turnover Ratio (X) | 0.72 | 0.80 | 0.69 |
| Earnings per share (₹) | 3.71 | 1.35 | -0.79 |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
The company has shown almost flat sales for the last 3 years. However, the assets appear to be quite large as is the equity base. This is not only depressing the ROE of the company, but also putting pressure on the ROA and the asset utilization ratios.
Valuation Metrics Of The Amanta Healthcare Ltd Ipo
At the current issue price of ₹126 per share, the valuation of the company is at a P/E ratio of 34.0X in terms of latest year EPS. This is relatively on the higher side, considering its size. However, the company does bring some intangibles to the table. It does have a diverse product base and has a good footprint in the domestic and global markets. However, the big question that investors must ask is what is left for them on the table at these valuations?
A Brief On The Anchor Allocation of Amanta Healthcare Ltd
The anchor issue of Amanta Healthcare Ltd saw a relatively healthy response on 29th August 2025 with 30.00% of the IPO size absorbed by anchors. Out of 1,00,00,000 shares (100 lakh shares) on offer, anchors picked up 30,00,000 shares (30 lakh shares) accounting for 30.00% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹126 per share. This includes the face value of ₹10 per share plus a share premium of ₹116 per share. The anchor bidding opened and closed on 29th August 2025.
Key Points To Note In The Anchor Allocation Process
Here are the key details pertaining to the anchor bidding of Amanta Healthcare Ltd
| Bid Date | August 29, 2025 |
| Shares Offered | 30,00,000 shares |
| Anchor Portion Size (₹ in crore) | ₹37.80 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | October 04, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 03, 2025 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
Anchor Allocation Investors In Amanta Healthcare Ltd
On 29th August 2025, Amanta Healthcare Ltd allotted 30,00,000 shares to 6 anchor investors. The allocation was done at the upper IPO price band of ₹126 per share which resulted in overall anchor allocation of ₹37.80 crore. The anchors have already absorbed 30.00% of the total issue size of ₹126.00 crore. Listed below are the 6 IPO anchor investors who accounted for anchor collection of ₹37.80 crore, or, 100.00% of anchor allocation.
| Anchor Investors |
No. of Shares |
% of Anchor Portion |
Value Allocated |
|
| 01 | Bandhan Small Cap Fund | 7,93,730 | 26.46% | ₹ 10.00 |
| 02 | Sanshi Fund I | 5,95,010 | 19.83% | ₹ 7.50 |
| 03 | Perpetuity Health to Wealth Rising Fund | 4,20,665 | 14.02% | ₹ 5.30 |
| 04 | Aarth Growth Fund | 3,96,865 | 13.23% | ₹ 5.00 |
| 05 | Sunrise Investment Opportunities Fund | 3,96,865 | 13.23% | ₹ 5.00 |
| 06 | Finavenue Growth Fund | 3,96,865 | 13.23% | ₹ 5.00 |
| Grand Total | 30,00,000 | 100.00% | ₹ 37.80 |
Data Source: BSE Filings (Value Allocated in ₹ in Crore)
The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.
Out of the 30,00,000 shares allocated to the anchors in the IPO, there were 7,93,730 shares allocated to domestic mutual funds registered with SEBI. Mutual funds accounted for 26.46% of the total anchor allocation, with the rest accounted for by AIFs.
Next Steps In The Amanta Healthcare Ltd IPO
Post the closure of the IPO subscription on 03rd September 2025, the basis of allotment will be finalized on 04th September 2025 and the refunds will be initiated on 08th September 2025. In addition, the demat credits are expected to also happen on 08th September 2025 and the stock will list on 09th September 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 08th September 2025 under ISIN (INE084K01015).
Amanta Healthcare Ltd - Ipo Subscription Status On Day-1
As of 5.30 pm on 01st September 2025, out of the 70.00 lakh shares on offer in the IPO (excluding anchor portion), Amanta Healthcare Ltd saw bids for 322.84 lakh shares. This implies an overall subscription of 4.61X at a macro level. The granular break-up of subscriptions as of the close of Day-1 of the IPO of Amanta Healthcare Ltd was as under:
| Employees (N.A.) | QIBs (0.04X) | HNI / NII (5.82X) | Retail (6.71X) |
The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category |
Subscription (times) |
Shares Offered |
Shares bid for |
Total Amount (₹ in Crore) |
| Anchor Investors | 1.00 | 30,00,000 | 30,00,000 | 37.80 |
| Employee Quota | N.A. | – | – | – |
| QIB Investors | 0.04 | 20,00,000 | 78,183 | 0.99 |
| HNIs / NIIs | 5.82 | 15,00,000 | 87,28,174 | 109.97 |
| Retail Investors | 6.71 | 35,00,000 | 2,34,77,272 | 295.81 |
| Total | 4.61 | 70,00,000 | 3,22,83,629 | 406.77 |
Data Source: NSE / BSE (as of close of Day-1 of the IPO)
The IPO is open up to September 03, 2024, at which point we will know the final subscription status of the IPO.
Next Steps In The Amanta Healthcare Ltd IPO
Post the closure of the IPO subscription on 03rd September 2025, the basis of allotment will be finalized on 04th September 2025 and the refunds will be initiated on 08th September 2025. In addition, the demat credits are expected to also happen on 08th September 2025 and the stock will list on 09th September 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 08th September 2025 under ISIN (INE084K01015).
Amanta Healthcare Ltd - Ipo Subscription Status On Day-2
As of 5.30 pm on 02nd September 2025, out of the 70.00 lakh shares on offer in the IPO (excluding anchor portion), Amanta Healthcare Ltd saw bids for 1,373.26 lakh shares. This implies an overall subscription of 19.62X at a macro level. The granular break-up of subscriptions as of the close of Day-2 of the IPO of Amanta Healthcare Ltd was as under:
| Employees (N.A.) | QIBs (0.53X) | HNI / NII (36.40X) | Retail (23.33X) |
The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category |
Subscription (times) |
Shares Offered |
Shares bid for |
Total Amount (₹ in Crore) |
| Anchor Investors | 1.00 | 30,00,000 | 30,00,000 | 37.80 |
| Employee Quota | N.A. | – | – | – |
| QIB Investors | 0.53 | 20,00,000 | 10,66,002 | 13.43 |
| HNIs / NIIs | 36.40 | 15,00,000 | 5,45,95,653 | 687.91 |
| Retail Investors | 23.33 | 35,00,000 | 8,16,63,988 | 1,028.97 |
| Total | 19.62 | 70,00,000 | 13,73,25,643 | 1,730.30 |
Data Source: NSE / BSE (as of close of Day-2 of the IPO)
The IPO is open up to September 03, 2024, at which point we will know the final subscription status of the IPO.
Next Steps In The Amanta Healthcare Ltd IPO
Post the closure of the IPO subscription on 03rd September 2025, the basis of allotment will be finalized on 04th September 2025 and the refunds will be initiated on 08th September 2025. In addition, the demat credits are expected to also happen on 08th September 2025 and the stock will list on 09th September 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 08th September 2025 under ISIN (INE084K01015).