Supriya Lifescience IPO Subscribed 5.88 Times At End Of Day 2
Get the latest subscription updates from Day 2 of Supriya Lifescience IPO.
Retail investors led the bidding for shares of Supriya Lifescience Ltd., a bulk drugmaker, with the offer getting subscribed 5.88 times on the second day of its initial public offering .
The issue was fully subscribed within two hours of opening on Thursday.
The IPO comprises a fresh issue worth Rs 200 crore and an offer for sale of up to Rs 500 crore. It's seeking a market value of Rs 2,205 crore at the upper end of the price band. The three-day issue will close on Dec. 20.
Prior to the IPO, Supriya Lifescience raised Rs 315 crore from anchor investors by allotting 1.15 crore shares at Rs 274 apiece.
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 are among the anchor investors.
The promoter and promoter group shareholding after the share sale will be at 68.24% against close to 100% now. Around 10% of the net offer is for retail, while 75% is for qualified institutional buyers, and 15% for non-institutional buyers.
Subscription Details: Day 2
The IPO was subscribed 5.88 times, according to exchange data at 5:00 p.m. on Friday. The issue closes on Monday, Dec. 20.
Institutional investors: 0.55 times.
Non-institutional investors: 3.00 times.
Retail investors: 26.24 times.