InvestorQ : Can you please give me details of the Supriya Lifesciences IPO in terms of the issue size and the pricing of the IPO?
Debbie Mascarenhas made post

Can you please give me details of the Supriya Lifesciences IPO in terms of the issue size and the pricing of the IPO?

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Arti Chavan answered.
5 months ago
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Let us talk about dates first. The IPO opens on 16-December and closes for subscription on 20-December. The basis of allotment will be finalized on 23-December while refunds would be initiated on 24-December. The shares are expected to be credited to eligible holders on 27-December while the stock is expected to list on the NSE and BSE on 28-December.

The IPO will comprise of a fresh issue of Rs.200 crore and an offer for sale (OFS) of Rs.500 crore taking the total size of the IPO to Rs.700 crore. . The price band is set in the range of Rs.265 to Rs.274 per share. The promoters currently have a 99.98% stake in Supriya Lifesciences and post the issue this stake will reduce to around 64%.

The proceeds of the fresh issue component will be used for funding the capital expenditure plans of the company as well as for the repayment and prepayment of outstanding loans. The OFS portion is intended to give an exit to the early shareholders and also to help list the stock and enable the usage of stock as currency in future.

The lead managers to the issue will be Axis Securities and ICICI Securities. Link Intime India Private Limited will be the registrars to the issue.

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