Supriya Lifescience IPO was absolutely subscribed inside a number of hours of opening for subscription final Thursday on the again of a powerful response from traders.
Supriya Lifescience IPO was subscribed 71.47 occasions on the final day of share sale on Monday and obtained bids for 1,03,83,31,980 shares in opposition to 1,45,28,299 shares on provide, in accordance with information.
Nationwide Inventory Trade (NSE) information confirmed the class for non-institutional traders obtained 161.22 occasions subscription, these for Retail Particular person Traders (RIIs) was subscribed 55.77 occasions and Certified Institutional Consumers (QIBs) 31.83 occasions.
Final Thursday, Supriya Lifescience IPO was absolutely subscribed inside a number of hours of opening for subscription on the again of a powerful response from traders.
The IPO, with a value vary of ₹265-274 per share, had a contemporary concern of as much as ₹200 crore and a suggestion on the market of as much as ₹500 crore.
The corporate, which raised ₹315 crore from anchor traders, stated the proceeds from the contemporary concern shall be used for funding capital expenditure necessities, debt reimbursement and common company functions.
Supriya Lifescience is among the key producers and suppliers of lively pharmaceutical substances, with a deal with analysis and growth.
ICICI Securities and Axis Capital have been the managers to the provide.
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