Sudeep Pharma IPO: The IPO of Vadodara Best Pharma company Sudeep Pharma is getting better response in the Indian stock market. The company’s IPO became full on the very first day in the market. Investors have placed bids 1.43 times on the first day itself.
The company’s IPO is open from November 21 and investors can place their bets till November 25. Even in the gray market, the company’s shares are trading at a premium of Rs 115. The company plans to raise Rs 895 crore through IPO. In which fresh issue of Rs 95 crore and offer for sale of Rs 800 crore has been kept.
condition of shares in gray market
The company fixed the share price under the IPO between Rs 563 to Rs 593 per equity share. At the same time, the company’s shares are trading at a premium of Rs 115 in the gray market. Going by this performance, the company’s shares can be listed in the market above Rs 700.
According to the information received, the company’s shares can be listed on BSE and NSE on November 28. A lot of 25 shares has been fixed in the IPO. That means investors will have to invest at least Rs 14,825 in lump sum.
Investors placed huge bets on IPO on the first day
Investors have placed huge bets on the IPO of Sudeep Pharma Company on the very first day. The company has received 1.53 times subscription in the category of retail investors. At the same time, non-institutional investors have placed bids 3.01 times. Also, Qualified Institutional Buyers category has been subscribed 0.09 times.
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