Senores Pharma IPO: The IPO of Senores Pharma, a drug manufacturing company related to the pharmaceutical sector, was opened on Friday, December 20. This IPO will close on Tuesday, December 24. Today, Monday, was the second day of this IPO. The company’s IPO has so far seen an excellent response from investors. Till 5 pm today, the company’s IPO has received 13.88 times i.e. 1388 percent subscription.
Company wants to raise Rs 582.11 crore from IPO
Senores Pharma has fixed the price band of Rs 372 to Rs 391 for each share under its IPO. The company wants to raise a total of Rs 582.11 crore through its IPO, for which a total of 1,48,87,723 shares will be issued.
Retail investors will have to invest at least Rs 14,858
Senores Pharma’s IPO will see the issuance of 1,27,87,723 new shares worth Rs 500.00 crore with a face value of Rs 10 each. Apart from this, the promoters of the company will issue 21,00,000 shares worth Rs 82.11 crore through OFS. To subscribe for this IPO, retail investors will have to invest at least Rs 14,858. With this money he will be given 38 shares in one lot.
The company will be listed in the stock market on December 30.
Let us tell you that after the closing of the IPO on Tuesday, the allotment of shares will be done on Thursday, 26th December. The shares will be credited to the demat accounts of the investors on Friday, 27th December and then finally the company will be listed in the stock exchange on Monday, 30th December.
GMP price gained momentum
Senores Pharma’s IPO is getting tremendous support from investors. Therefore, there is a huge craze regarding the company’s shares in the gray market. Shares of Senores Pharma are trading at a premium of Rs 220 (56.27 per cent) in the gray market on Monday, December 23. However, its GMP price may fluctuate at the time of listing.
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