New Delhi, Sept. 1 -- The initial public offering (IPO) of Amanta Healthcare sailed through within hours of opening on the first day of the bidding process on Monday, September 1. The IPO closed the first day with strong demand, largely from retail and non-institutional investors.

A positive grey market premium (GMP) also aided investor sentiment.

Investors have till Wednesday to apply for the mainboard issue.

Amanta Healthcare IPO closed with 4.61 times subscription as it garnered bids for 3,22,83,629 shares as against 70,00,000 shares on offer.

Retail investor part got subscribed 6.71 times, while the quota for non-institutional investors (NIIs) garnered 5.82 times subscription. The qualified institutional buyers (QIBs) portion was ...