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Corona Remedies IPO: Strong subscription, listing expected around December 15, Rs 655-crore IPO.
Summary
Corona Remedies' IPO is a significant economic event, with the IPO achieving nearly 3x subscription on Day 2. The grey market premium indicates strong investor interest, and the listing is expected around December 15.
Key Points
- Corona Remedies' IPO entered Day 2.
- The IPO achieved nearly 3x subscription.
- Grey market premium is Rs 262.
- Listing is expected around December 15.
- The IPO size is Rs 655-crore.
Full Article
Corona Remedies’ Rs 655-crore IPO entered Day 2 after achieving 62% subscription on Day 1, driven largely by retail demand. The IPO’s grey market premium of Rs 262 signals strong interest despite slight softening. Listing is expected around December 15, supported by solid financial performance and strong brand-led growth.
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