Supriya Lifescience Shares Debut At 55% Premium Over Issue Price

Shares of Supriya Lifescience opened on the BSE at Rs 425 apiece - a premium of 55.1 per cent or Rs 151 higher than the issue price of Rs 274.

Supriya Lifescience shares made a strong debut on Tuesday, December 28, amid positive market sentiment. Shares of the active pharmaceuticals ingredients (API) manufacturer opened on the BSE at Rs 425 apiece - a premium of 55.1 per cent or Rs 151 higher than the issue price of Rs 274. On the NSE, Supriya Lifescience shares were listed at Rs 421 apiece - a premium of 53.7 percent.

With its debut, Supriya Lifescience emerged as of the strongest listings in recent times. Supriya Lifescience's IPO was open for subscription between December 16 - December 20. The Rs 700-crore initial public offer (IPO) was subscribed 71.47 times by the end of its bidding process. The IPO had a fresh issue of up to Rs 200 crore and an offer for sale of up to Rs 500 crore. The company sold shares in the price band of Rs 265-274 per equity share. The company raised Rs 315 crore from anchor investors ahead of its IPO.

BNP Paribas Arbitrage, Societe Generale, Reliance General Insurance Company, Aditya Birla Sun Life Insurance Company, Kuber India Fund, Saint Capital Fund, and Nippon India Mutual Fund were among the anchor investors. ICICI Securities and Axis Capital were the book running lead managers to the public issue.