Supriya Lifescience IPO Subscribed 2.33 Times On First Day Of Issue

The IPO of Supriya Lifescience was subscribed 2.33 times on Thursday, the first day of its issue

The initial public offer (IPO) of Supriya Lifescience was subscribed 2.33 times on Thursday, the first day of its issue.

The public issue subscribed 11.84 times in the retail category and 0.66 times in the non institutional investors category. 

About 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non institutional investors and the remaining 10 per cent for retail investors.

The public offer, with a price band of Rs 265-274 a share, will conclude on December 20. Investors can bid for a minimum of 54 equity shares and in multiples thereof.