Supriya Lifescience makes strong debut by listing at 55% premium

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Supriya Lifescience IPO

Supriya Lifescience saw a bumper listing at 55% premium from the issue price of Rs 274. The IPO, which opened for subscription on December 16th has been subscribed 71.47 times at the end of the final day of the issue. The company had looked to raise Rs 700 crore.

Supriya Lifescience IPO: Subscription details 

The portion reserved for Qualified institutional investors making up 75% of the issue, got subscribed by 31.83 times. Non-institutional investors' portion saw the highest demand with an overall subscription of 161.22 times. Retail portion with the portion reserved for them (10%) getting an overall subscription of 55.57 times. The details of subscription numbers across categories is listed below. 

CategorySubscription (times)

Supriya Lifescience IPO: recap

INDmoney had given a Positive rating on the issue

“Given factors such as strong growth in bottomline, healthy margins, robust return ratios, good growth visibility, export visibility, and attractive valuations, we remain “positive” on the prospects of this issue.,” we had said in our December 15th report. 

Supriya Lifescience IPO allotment date

The finalization of Basis of Allotment for Supriya Lifescience IPO will be done on Dec 24, 2021, and the allotted shares will be credited to your demat account by Dec 27, 2021.

Supriya Lifescience IPO listing date

The Supriya Lifescience IPO got listed on Dec 28, 2021. On its debut the share price sore to Rs 425, up 55% from the issue price of Rs 274. The share price further rallied to Rs 489 by the end of the day.