Supriya Lifescience IPO Set To List On Share Market Today

New Delhi: Shares of Supriya LifeScience Limited will be listed on the stock market on Tuesday.

According to information available on the Bombay Stock exchange (BSE), the shares of the company will be listed on NSE and BSE in the list of 'B' Group of Securities in a Special Pre-open Session.

The stock market experts are of the view that the company's share will have a strong debut as the stock is expected to list in the range of Rs 360 to Rs 430 per share.

Notably, on the other hand, the grey market is also indicating a strong listing of Supriya Lifescience debut on the bourses.

According to market observers, Supriya Lifescience IPO GMP today is Rs 150.

The Initial Public Offering (IPO) of Supriya Lifescience had witnessed a subscription of Rs 71.47 times on the final day of its issue.

As per the National Stock Exchange (NSE), the initial share sale received bids for 1,03,83,31,980 shares against 1, 45, 28,299 shares on offer.

The portion reserved for Non-Institutional Investors (NII) saw 161.22 times subscription while the retail investor portion witnessed a subscription of 55.77 times and Qualified Institutional Buyers (QIBs) subscribed 31.83 times.

Notably, on November 16, the IPO of the company was fully subscribed within a few hours of opening.

The IPO of the company 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 amount raised from the issue will be used for funding capital expenditure requirements, debt payment and general corporate purposes.

ICICI Securities and Axis Capital were the managers of the offer.

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