Syngene IPO over-subscribed

India Infoline News Service | Mumbai | July 29, 2015 07:03 IST

The IPO received bids for 1,60,79,700 shares as against 1,60,00,000 shares on offer.

Peter Bains, Chief Executive Officer, Syngene International Ltd
Biocon's research arm Syngene International's initial public offering was over-subscribed on the second day of the offer. 
The IPO received bids for 1,60,79,700 shares as against 1,60,00,000 shares on offer, resulting in a subscription of 1.01 (rpt) 1.01 times, according to NSE data.
The qualified institutional buyers category was over-subscribed 1.22 times, while non-institutional investors portion saw 16% subscription. 
The price band has been fixed between Rs. 240 and Rs. 250 per share. 

***Note: This is a NSE Chart

 

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