Anlon Technology Solutions Limited's three-day public offering (IPO) is open for public subscription from Thursday, December 29, 2022 to Monday, January 2, 2023. The issue price is Rs 95 to 100 per share. The offer saw a 400x strong write-down and a 54x overbooked QIB model, 883x NII and 447x commercial model, according to exchange data. According to market watchers, Anlon Technology shares today command a profit (GMP) of ₹ 70 in the gray market.

The company has proposed a public issue of up to 15,00,000 shares at a par value of ₹10/-, aggregating up to ₹15 crore. According to the red herring prospectus (HRP), the publication of the company and the net investment will be 26.76% and 25.39% of the company's paid-up capital of the company after the publication. Unnikrishnan Nair P M and Beena Unnikrishnan are the promoters of the company. The company intends to use the net proceeds from the IPO for working capital and general corporate purposes.

"The company recorded an impressive increase in net income in FY22 and the first half of FY23. With the growth of airports and airlines in India, the prospects for business are promising. According to GMP, the company is set to register for a 70% premium over the issue price. Post-IPO, investors should consider maintaining the margin and increase in revenue in the next few minutes to enter the business for profit creation until the move to the CEO, "Manish Khanna, who said joint venture of Unlisted Assets.

Anlon Technology Solutions Limited is involved in the installation of engineering services, which was installed in July 2015. The company provides engineering services for engineering systems, built in the vehicle chassis and related areas, mainly for stations aircraft, towers and refineries. The company also sells spare parts for engineering work which is part of engineering services.

The company's shares are expected to be listed next week, Tuesday, January 10, 2023, on the National Stock Exchange's (NSE) SME platform. The NIFTY SME EMERGE Index is designed to reflect the performance of a portfolio of eligible small and medium-sized enterprises listed on the NSE EMERGE platform.

Prior to writing, the foundation of the range is expected to be completed this week on Thursday, January 5, 2023. Link Intime India Private Ltd is the registrar for the sale of shares.