Supriya Lifesciences IPO Lists at 53.65% Premium; tapers later

Supriya Lifesciences had a strong listing on 28th December and listed at a premium of 53.65%. Even with the strong listing, the stock did taper lower towards the end of the day. However the stock of Supriya Lifesciences still closed well above the IPO issue price on 28-December.

With 71.51 times subscription and with strong action in the grey market, Supriya Lifesciences was always expected to list at a premium to the issue price. However, actual listing was much better than expected. Here is the Supriya Lifesciences listing story on both the stock exchanges on 28th Dec.

The IPO price was fixed at the upper end of the band at Rs.274 which was not surprising considering that the issue was subscribed 71.51 times overall with strong contribution from the Retail, HNI and the QIB segment.

The price band for the Supriya Lifesciences IPO was Rs.265 to Rs.274. On 28th Dec, the stock of Supriya Lifesciences listed on the NSE at a price of Rs.421, a premium of 53.65% on the issue price of Rs.274. On the BSE also, the stock listed at Rs.425 a premium of 55.11% on the issue price.

On the NSE, Supriya Lifesciences closed on 27th Dec at a price level of Rs.389.70, a first day closing premium of 42.23% on the issue price of Rs.274. The closing price was -7.43% lower than the listing price due to the late tapering in the price of the stock.

On the BSE, the stock closed at Rs.390.35, a first day closing premium of 42.46% on the issue price, but the stock closed -8.15% below the listing price. On both the exchanges, the stock listed at a healthy premium to the issue price and saw some tapering of early gains towards the close of trading.

On Day-1 of listing, Supriya Lifesciences touched a high of Rs.421 on the NSE and a low of Rs.383.20, opening at the highest point of the day and closing lower. On Day-1 of listing, the Supriya Lifesciences stock traded a total of 235.58 lakh shares on NSE amounting to value of Rs.949.49 crore.  On 28-Dec, Supriya Lifesciences was the 3rd most active stocks on the NSE in terms of traded value and the 15th most active in terms of number of shares traded.

On the BSE, Supriya Lifesciences touched a high of Rs.425 and a low of Rs.383.15, opening at the high point of the day and tapering later in the day. On the BSE, the stock traded a total of 14.45 lakh shares amounting to value of Rs.58.32 crore. On 28-Dec, Supriya Lifesciences was the 4th most active stocks on the BSE in terms of traded value.

At the close of Day-1 of listing, Supriya Lifesciences had a market capitalization of Rs.3,141.65 crore with free-float market cap of Rs.534.08 crore.

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