InvestorQ : Can you tell me about the listing performance of Supriya Lifesciences on Tuesday, 28th December?
Debbie Mascarenhas made post

Can you tell me about the listing performance of Supriya Lifesciences on Tuesday, 28th December?

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Arti Chavan answered.
5 months ago
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On 28th December, Supriya Lifesciences listed on the NSE with strong gains of 53.65%. However, the stock did taper lower towards the end of the day, although it did close with very healthy gains at the end of the listing day. It may be recollected that Supriya Lifesciences was subscribed 71.51 times even as grey market premium remained robust. The actual listing of the stock was actually better than what grey market indicated.

A quick recap, the stock at the IPO had a price band of Rs.265 to Rs.274 and the IPO price was fixed at the upper end of the band at Rs.274. With oversubscription levels of 71.51 times overall and across the 3 segments of subscribers, the pricing was expected. At the close of trading on 28-December, the first day of trading, Supriya Lifesciences had a market cap of Rs.3,142 crore, still classifying as a microcap company.

Now for the listing story of Supriya Lifesciences. On 28th December, the stock of Supriya listed on the NSE at a price of Rs.421, reflecting a premium of 53.65% over the issue price of Rs.274. Even on the BSE also, the stock listed at Rs.425 a premium of 55.11% on the issue price. On both the stock exchanges, the stock of Supriya Lifesciences listed at a hefty premium but lost ground towards the end of the day on profit booking by traders.

On Tuesday, the stock of Supriya Lifesciences touched a high of Rs.421 on the NSE and a low price of Rs.383.20. The stock incidentally opening at the highest point of the day and eventually closed lower. On the Bombay Stock Exchange, the stock of Supriya Lifesciences touched a high price of Rs.425 and a low of Rs.383.15. On both the exchanges, the opening listing price turned out to be the highest price point of the day and tapered later.

Volumes were substantial on the counter on first day of trading. On NSE, Supriya Lifesciences traded a total of 235.58 lakh shares worth Rs.949.49 crore. On listing day, the stock was the 3rd most active stocks on the NSE in terms of traded value. Even on the BSE, the stock traded 14.45 lakh shares worth Rs.58.32 crore. On BSE, the stock was the 4th most active stocks on the BSE in terms of traded value.

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