Amwill Healthcare IPO opens on February 5 - Latest IPO GMP, Dates, Lot Size & Share Price
Team Finance Saathi
03/Feb/2025
What's covered under the Article:
- Amwill Healthcare IPO opens on February 5, 2025, with a ₹ 105-111 price range and a ₹ 59.97 Crore issue.
- Grey Market Premium (GMP) shows no expected listing gain.
- Financial performance highlights steady growth and the company's focus on dermatology, trichology, and cosmetology.
Amwill Healthcare, one of India’s fastest-growing dermatology companies, is all set to launch its Book Built Issue IPO for an amount of ₹ 59.97 Crores, with a price range of ₹ 105-111 per share. The issue includes a fresh issue of 44.03 Lakh shares, worth ₹ 48.87 Crores, and an Offer for Sale (OFS) of 10.00 Lakh shares, valued at ₹ 11.1 Crores. The IPO subscription period opens from February 5, 2025, to February 7, 2025, with an allotment date of February 10, 2025 and a tentative listing date on February 12, 2025 on BSE SME.
The market capitalization of Amwill Healthcare at the upper IPO price of ₹ 111 per share is expected to be ₹ 222.04 Crores. Retail investors are required to invest a minimum of ₹ 1,33,200 for 1,200 shares, while High-Net-Worth Individuals (HNIs) must invest in 2 lots, totaling ₹ 2,66,400.
Despite a steady financial performance, with revenues of ₹ 4,428.41 Lakh in FY 2024 and a Profit After Tax (PAT) of ₹ 1,253.63 Lakh for FY 2024, the Grey Market Premium (GMP) of ₹ 0 suggests there may be no listing gains. The pre-issue EPS stands at ₹ 8.04, with a post-issue EPS of ₹ 6.27 for FY24. The P/E ratio pre-issue is 13.81x, and post-issue, it's 17.71x, indicating that the IPO is fairly priced compared to the industry’s average P/E ratio of 36x.
The objectives of the IPO include funding working capital needs (₹ 2,500 Lakhs), marketing and brand building activities (₹ 500 Lakhs), and general corporate purposes. Despite the positive financials, the lack of listing gain potential leads us to recommend that investors exercise caution and avoid the Amwill Healthcare IPO for short-term listing gains.
The Upcoming IPOs in this week and coming weeks are Chamunda Electricals, Ken Enterprises, Amwill Healthcare, Readymix Construction, Eleganz Interiors.
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