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During the three-day subscription period from September 9 to 11, the IPO was significantly oversubscribed, with the demand reaching approximately 17 times the available shares.

The USFDA has also noted a repeat observation from the company's January 2023 inspection.

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Stan raised $2.7 million in January of this year from Aptos Labs, Maelstrom Fund, and other investors.

The site would be converted into residential and commercial space under the project, which is estimated to cost roughly ₹1,600 Crore.

As per USFDA, the facility did not thoroughly analyse contamination across medicine batches and continued to issue compromised items.

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The IPO had a total subscription of 52.60 times the number of shares issued. The retail section was booked 15.50 times.

The Solvent Extractors' Association of India (SEA) reported that India's palm oil imports plummeted 26% in August from July to 797,482 metric tonnes.

Shree Tirupati Balajee Agro Trading's IPO attracted an enormous reaction from investors, resulting in an aggregate subscription of 124 times at closing.