Mixed Debut for IPOs as Healthcare and Engineering Stocks Show Divergent Performance

Anlon Healthcare and Vikran Engineering delivered muted listings on their debut, contrasting sharply with the strong performances of SME offerings Sattva Engineering Construction and Current Infraprojects. Vikran Engineering opened with modest gains of 2-2.8% on NSE and BSE, trading at ₹99 and ₹99.70 respectively, later rising to ₹101.23. The ₹772-crore IPO had been oversubscribed 23.59 times, with analysts advising investors to hold positions with a stop-loss NEAR ₹89 to navigate volatility.

Anlon Healthcare's listing proved lackluster, opening at a mere 1% premium on NSE and flat on BSE. Its ₹121-crore IPO had seen 7.12 times subscription. Meanwhile, Sattva Engineering surged to its upper circuit at ₹99.85 after listing at ₹95.10, a 27% premium to its ₹75 issue price. The ₹35.38-crore SME IPO had been booked 198 times, underscoring robust demand.

Current Infraprojects initially debuted with a 90% premium before paring gains, highlighting the volatility in recent SME listings. Market participants note execution risks for Vikran Engineering despite its strong order pipeline, while Anlon Healthcare's tepid response reflects sector-specific challenges.