Double Debut Day: Vikran Engineering and Anlon Healthcare IPOs Hit the Market with Buzz!

Today, September 3, 2025, marks a significant day for the Indian SME segment as two promising companies, Vikran Engineering & Exim Ltd and Anlon Healthcare Ltd, make their much-anticipated stock market debuts. Investors are keenly watching how these Initial Public Offerings (IPOs) will perform, especially given the varying sentiments indicated by their respective Grey Market Premiums (GMPs).

First up is Vikran Engineering & Exim Ltd, a company specializing in engineering, manufacturing, and trading.

Its IPO was priced at Rs 60 per share, with investors bidding for a lot size of 2000 shares, translating to an investment of Rs 1.20 lakh per lot. The company successfully raised Rs 6.09 crore through this public issue. Ahead of its listing on the NSE SME platform, market observers noted a strong Grey Market Premium of Rs 20.

This robust GMP suggests a potential listing gain of approximately 33%, a figure that has certainly fueled investor optimism. Finshore Management Services acted as the book-running lead manager, while Cameo Corporate Services served as the registrar for the issue.

Following closely is Anlon Healthcare Ltd, a firm deeply entrenched in the marketing and distribution of pharmaceutical products.

Its IPO offered shares at an issue price of Rs 100 per share, with a lot size of 1200 shares, requiring a minimum investment of Rs 1.20 lakh. The company garnered Rs 15.30 crore from its public issue, making it a substantial entrant in the SME space. Anlon Healthcare is also slated to list on the NSE SME platform.

Its Grey Market Premium hovered around Rs 20, indicating an expected listing premium of about 20%. While slightly lower than Vikran Engineering's GMP, it still signals a healthy demand and positive sentiment among market participants. Share India Capital Services managed the book-running, and Maashitla Securities was the registrar for Anlon Healthcare's IPO.

The performance of these two IPOs on their listing day will be a crucial indicator of investor appetite for SME-segment companies.

A strong debut could pave the way for more small and medium enterprises to tap into the public markets, offering new avenues for growth and investment. Investors who participated in these IPOs will be eagerly monitoring the opening prices and subsequent trading activity, hoping their foresight translates into solid gains.