Recommendation: Reduce; Target price: ₹8125
During the three-day bidding process, the issue was oversubscribed by 8.52 times overall
The penalty of ₹3,03,78,465 was imposed on February 22, 2024, by the Deputy Commissioner of Commercial Taxes, Divisional GST Office, Bangalor
The company received the suspension order on February 23, estimating a potential revenue loss of ₹1.63 Lakh
The investigation uncovered payments totaling hundreds of Crores made to doctors by Alkem Laboratories.
The Mohali facility has been under USFDA scrutiny, and corrective actions were directed by the regulator.
A Form-483 with two observations was issued following the examination.
The IPO's price band is set between ₹177 to ₹186 per equity share
For interested investors, the minimum lot size for an application is 535 shares
The mid-sized multi-specialty hospital has set the price band for its public issue at ₹177 to ₹186 per equity share.
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