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Supriya Lifescience lists with 55% premium at Rs 425

Supriya Lifescience IPO: The stock saw a strong debut today, backed by solid subscription numbers, and healthy financials with robust return ratios.

December 28, 2021 / 10:17 AM IST
Supriya Lifescience IPO

Supriya Lifescience IPO

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Todays L/H

Pharma company Supriya Lifescience started the first day of trade on a strong note as the stock listed with a massive 55.11 percent premium on December 28, backed by solid subscription numbers, and healthy financials with strong return ratios.

The stock opened at Rs 425 on the BSE against the issue price of Rs 274, while the opening price on the National Stock Exchange was Rs 421.

The initial public offering of the active pharmaceutical ingredients manufacturer garnered huge demand from investors as the offer was subscribed 71.51 times during December 16-20.

Non-institutional investors had put in maximum bids as their reserved portion was subscribed 161.22 times. A part set aside for retail investors was booked 56.01 times and that of qualified institutional buyers saw 31.83 times subscription.