Syngene IPO subscribed 32% on Day 1

India Infoline News Service | Mumbai | July 28, 2015 06:23 IST

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

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. 
Biocon Ltd
BSE 650.95 16.15 (2.54%)
NSE 650.65 14.65 (2.30%)

***Note: This is a NSE Chart

 

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