Symbiotec Pharmalab Shares to List Today; GMP Signals 19% Listing Gain

Symbiotec Pharmalab shares make muted debut, later gain 8%

The Indore-based pharmaceutical company’s ₹1,757-crore IPO had received strong investor demand, with subscriptions reaching 71.26 times on Thursday.

Symbiotec Pharmalab shares to list today; GMP signals 19% listing gain

The Symbiotec Pharmalab IPO plans to channel Rs 112.50 crore towards the prepayment and/or repayment, fully or partially, of select outstanding borrowings, helping strengthen the company’s balance sheet and potentially reduce its debt burden.

Symbiotec Pharmalab IPO listing tomorrow: Here’s what GMP hints ahead of debut

Symbiotec Pharmalab IPO, which was oversubscribed 73.63 times by non-institutional investors, will list on 1 September. The grey market premium is currently +203, indicating a potential listing price above the IPO price of ₹988.

Symbiotec Pharmalab Shares to List Today; GMP Signals Nearly 20% Premium

Noida, Sep 1 (APAC Media): Shares of Symbiotec Pharmalab are set to make their debut on the stock exchanges on Tuesday, with grey market trends indicating a possible listing gain of nearly 20 per cent over the issue price. The pharmaceutical company had fixed the price of its initial public offering (IPO) at Rs 988 […] The post Symbiotec Pharmalab Shares to List Today; GMP Signals Nearly 20% Premium first appeared on APAC Media | Latest News & E…

Symbiotec Pharmalab Shares Make Muted Debut. Lists With 1% Discount On BSE

Symbiotec Pharmalab shares were listed at Rs 978.20 apiece on the BSE, a discount of 1% to the issue price of Rs 988 per share.