UPSCSSCBANKINGSTATE-PSC
Corona Remedies IPO: Rs 655 crore issue, closing on Dec 10, listing on Dec 15.
Summary
Corona Remedies' IPO saw a decent subscription on its opening day, driven by strong retail demand and a significant grey-market premium. The IPO, valued at Rs 655 crore, is priced between Rs 1,008 and Rs 1,062, with the closing date set for December 10 and listing expected on December 15.
Key Points
- Corona Remedies IPO opened with a decent subscription.
- The IPO is valued at Rs 655 crore.
- Price range of the IPO is Rs 1,008–1,062.
- Closing date of the IPO is December 10.
- Listing is expected on December 15.
Full Article
Corona Remedies’ IPO opened with decent subscription demand, led by strong retail demand and a robust Rs 290 grey-market premium. The Rs 655-crore issue, priced at Rs 1,008–1,062, signals healthy investor interest ahead of the December 10 close and expected December 15 listing.
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