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This article is more than 1 month old.

Supriya Lifescience IPO subscribed 72 times on final day

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Supriya Lifescience IPO listing: Supriya Lifescience's IPO was fully subscribed on Thursday, the first day of the bidding process. The shares of the company are available for bidding in a price band of Rs 265-274 under the IPO, which ends on December 20. The stock will likely be listed on BSE and NSE on December 28.

Supriya Lifescience IPO subscribed 72 times on final day
Supriya Lifescience's IPO to raise Rs 700 crore concluded with a subscription of nearly 72 times on December 20, the third and final day of the bidding process. The IPO of Mumbai-based Supriya Lifescience comprised fresh issuance of equity worth Rs 200 crore, and an offer for sale (OFS) of shares worth Rs 500 crore by promoters and existing shareholders. Supriya Lifescience is a manufacturer and marketer of active pharmaceutical ingredients (APIs).
At the end of the day, the Supriya Lifescience IPO received bids for 103.9 crore shares as against the nearly 1.5 crore shares on offer, a subscription of 71.5 times.

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The portion reserved for qualified institutional buyers (QIBs) was subscribed 31.8 times the shares on offer, and that for non-institutional investors (NIIs) 161.2 times. The retail investor category was booked 56 times.
Out of the total issue, 75 percent was reserved for QIBs, 10 percent for retail investors and 15 percent for NIIs.
Potential investors could bid for Supriya Lifescience shares in a price range of Rs 265-274 in multiples of 54 under the IPO. At the upper end of the range, one lot of Supriya Lifescience shares is valued at Rs 14,796.


Ahead of the launch of the IPO, Supriya Lifescience commanded a premium of Rs 250 in the grey market, dealers said. Supriya Lifescience grey market premium (GMP) had risen to as high as Rs 400 in the past few days, they said.
Supriya Lifescience shares are likely to be listed on bourses BSE and NSE on December 28.
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