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Amanta Healthcare IPO Stock Market Gujarat Investment Pharmaceuticals Kheda

Amanta Healthcare Shares Debut Strongly on NSE at ₹135, Up 7.14% from IPO Price

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by Newsdesk
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Amanta Healthcare Shares Debut Strongly on NSE at ₹135, Up 7.14% from IPO Price

AI-Generated Summary

Amanta Healthcare's shares made a strong market debut on NSE, listing at ₹135, a 7.14% premium over its IPO price of ₹126. The IPO was highly oversubscribed, with overall demand reaching 82.61 times. Proceeds from the ₹126 crore fresh issue will primarily fund new manufacturing lines for sterile liquid products in Hariyala, Kheda, Gujarat.

In a nutshell

This successful IPO and the planned investment in new manufacturing facilities in Kheda highlight a significant boost for Gujarat's pharmaceutical sector and local economy, attracting capital and creating potential job opportunities.

Source: Livemint

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by Newsdesk
Updated

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