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Supriya Life Science IPO: Earning Opportunity Coming on 16th December, Check Price Band and Other Details

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Supriya Life Science IPO: In the year 2021, the IPO News of many companies has made investors earn a lot. Even in the last month of the year, some companies are bringing their IPO. If you are also planning to invest money in an IPO in the coming days, then this is the news of your work. Supriya Lifescience Limited is coming with its IPO on 16th December. The company’s IPO will open for subscription on December 16 and will close on December 20.

Check Price Band
Let us tell you that the company has fixed a price band of Rs 265-274 per share for its IPO. The company is planning to raise around Rs 700 crore through this IPO. The company’s IPO will open on December 16 and close on December 20, but the bidding process for the anchor investor will take place on December 15. Earlier the company was going to offer shares worth Rs 1000 crore for sale, but later it was reduced to Rs 500 crore.

money will be used to pay off the loan
Supriya Lifesciences is one of the largest Indian companies in the manufacturing and supply of active pharmaceutical components. The amount raised through the issue will be used to meet capital expenditure requirements, repay loans and for general corporate affairs.

Company’s focus is on development
Supriya Life Sciences is a leading Indian manufacturer and supplier of leading pharmaceutical chemicals (FPIs). The main emphasis of the company is on R&D. ICICI Securities and Axis Capital were appointed as merchant bankers to advise the company on the IPO.

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