Anondita Medicare’s SME IPO, which was open from August 22 to August 26, received an overall subscription rate of 115 times, with retail investors subscribing at 137 times and non-institutional investors at 208 times. The company aims to raise ₹69.50 crore with a price range of ₹137 to ₹145 per share. The grey market premium stands at ₹70, indicating a potential listing premium of 48%. Allotment is anticipated on August 28, and shares are expected to be listed on NSE SME by September 1. Anondita, recognized for its COBRA-brand condoms, reported a profit of ₹16.42 crore in FY25, a significant increase from ₹0.35 crore in FY23.
