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22/03/2023 10:00

Sudarshan Pharma Industries Ltd. debuts with 0.00% discount at Rs 73.00

Sudarshan Pharma Industries Ltd. makes a flat debut on the bourses with scrip got listed at Rs 73.00 on the Bombay Stock Exchange, a 0.00 per cent discount to its issue price of Rs 73.00.

The company, which raised 0.69 Cr from initial public offering, was subscribed 1.66 times, receiving bids for 114.05 lakhs shares against the total issue size of 68.62 lakhs shares.

The company, listed under MT Group Securities post its IPO, opened for subscription from Mar 09 to Mar 14.

Following a flat opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Gretex Corporate Services Pvt. Ltd. as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 58,074.68, up 445.73 points, or 0.77 per cent.