Supriya Lifescience IPO subscribed 71.47x on last day
The initial public offer (IPO) of Supriya Lifescience Limited was subscribed 71.47 times on the last day of share sale on Monday.
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New Delhi: The initial public offer (IPO) of Supriya Lifescience Limited was subscribed 71.47 times on the last day of share sale on Monday. The initial share sale received bids for 1,03,83,31,980 shares against 1,45,28,299 shares on offer, according to NSE data. The category for non-institutional investors received 161.22 times subscription, while those for Retail Individual Investors (RIIs) was subscribed 55.77 times and Qualified Institutional Buyers (QIBs) 31.83 times.
The IPO of Supriya Lifescience was fully subscribed within a few hours of opening for subscription on Thursday on the back of a strong response from retail investors. The IPO had a fresh issue of up to Rs 200 crore and an offer for sale of up to Rs 500 crore. It had a price range of Rs 265-274 per share. The company on Wednesday raised Rs 315 crore from anchor investors.
