India's Senores Pharma soars 56% in trading debut

Senores Pharmaceuticals

30/12/2024 07:16

** Senores Pharmaceuticals  SENO.NS  soars as much as ~56%
to 609.65 rupees in debut trade; last up 41.7%
    ** Stock opened at 600 rupees, ~54% higher than its IPO
price of 391 rupees
    ** Senores' IPO consisted of 5 bln rupees (~$59 mln) worth
of fresh issue of shares and 2.1 mln shares as offer for sale
    ** IPO subscribed 93.69 times, garnering bids worth 312.64
bln rupees - exchange data
    ** Co says proceeds will be used to invest in units to set
up manufacturing facility, debt repayment and general corporate
purposes

($1 = 85.4590 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))