HomeBusinessSupriya Lifescience IPO Subscribed 71.47 On Last Day Of Issue

Supriya Lifescience IPO Subscribed 71.47 On Last Day Of Issue

Supriya Lifescience IPO Subscribed 71.47 On Last Day Of Issue

Supriya Lifescience IPO acquired good response from traders and was over subscribed

New Delhi:

The preliminary public provide of Supriya Lifescience Limited was subscribed 71.47 instances on the final day of its concern on Monday.

The preliminary share sale acquired bids for 1,03,83,31,980 shares towards 1,45,28,299 shares on provide, in line with National inventory trade (NSE) knowledge.

The class for non-institutional traders acquired 161.22 instances subscription, whereas these for retail traders was subscribed 55.77 instances and certified institutional consumers (QIBs) 31.83 instances.

The preliminary public provide (IPO) of Supriya Lifescience was absolutely subscribed inside a couple of hours of opening for subscription on November 16 on the again of a powerful response from retail traders.

The IPO had a contemporary concern of as much as Rs 200 crore and a proposal on the market of as much as Rs 500 crore. It had a value vary of Rs 265-274 per share.

The proceeds from the contemporary concern will likely be used for funding capital expenditure necessities, debt reimbursement, and basic company functions.

Supriya Lifescience is without doubt one of the key Indian producers and suppliers of lively pharmaceutical substances, with a give attention to analysis and growth.

ICICI Securities and Axis Capital have been the managers to the provide.

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