Syngene IPO subscribed 32% on Day 1

The IPO received bids for 51.66 lakh shares against 1.6 crore on offer, according to NSE data.

Jul 28, 2015 12:07 IST India Infoline News Service

Peter Bains, Chief Executive Officer, Syngene International Ltd
The initial public offering of Biocon's research arm Syngene International was subscribed 32% on the first day of offer. 
The IPO received bids for 51.66 lakh shares against 1.6 crore on offer, according to NSE data till 1600 hours. 
The IPO will close on July 29. 
The price band has been fixed between Rs 240 and Rs 250 per share. 

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