Anondita Medicare IPO Subscribed 300.89x on Day 3
The Anondita Medicare IPO saw a record-breaking response, being subscribed 300.89 times by the close of bidding on 26th August 2025, 05:00 PM.
In total, the company received bids for 95,47,28,000 shares against the 31,73,000 shares available for subscription.
Anondita Medicare Limited, established in March 2024, is a fast-growing healthcare company specializing in the production of flavored male condoms under its flagship brand “COBRA.”
The company works closely with NGOs, global health organizations, and government programs to promote public health and family planning initiatives.
Additionally, Anondita has a strong distribution network with tie-ups across wholesalers, retailers, and e-commerce platforms, ensuring smooth and timely delivery of products. As of 31st July 2025, the company employs 280 staff members, highlighting its lean but efficient operations.
The company has delivered impressive financial growth in a short span:
This shows a 65.6% growth in revenue and a 327% jump in net profit year-on-year, reflecting robust demand and strong margins.
As of Tuesday, 26th August 2025, the GMP stood at ₹73.
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