On the NSE Aanjaneya Lifecare listed at Rs 218 as against the issue price of Rs 234. It touched an intraday high of Rs 274.95 and an intraday low of Rs 218.
The company raised around Rs 120 crore through the issue of 50 lakh equity shares at higher end of price band of Rs 228-240 a share.
Aanjaneya is vertically integrated pharmaceutical company with manufacturing and marketing capabilities in APIs (Active Pharmaceutical Ingredients) with focus on anti-malarial, and finished dosage forms (FDFs) catering to various therapeutic segments.
Issue proceeds are proposed to be used for :-
Anand Rathi Advisors Ltd and IDBI Capital Market Services Ltd were the book running lead managers to the issue.
READ MORE ON Aanjaneya Lifecare
Set email alert for
ADS BY GOOGLE
video of the day
Dont see mkt going anywhere now; like Bharat Forge: Dipen