On Wednesday Dec 23,2015, two companies made blockbuster debut. Diagnostic chain Dr Lal PathLabs, which raised around Rs. 640 crore in its IPO, jumped nearly 34 % on first day of trade. Shares in Dr Lal PathLabs hit an intraday high if Rs. 737 as compared to the IPO price band of Rs. 540-550 per share.
Generics drugmaker Alkem Laboratories shares jumped nearly 33 % to hit a high of Rs. 1,401.
The company had raised Rs. 1,350 crore in its initial public offering after pricing shares at Rs. 1,050 each. Alkem Laboratories' IPO was subscribed 44.3 times.
Generics drugmaker Alkem Laboratories shares jumped nearly 33 % to hit a high of Rs. 1,401.
The company had raised Rs. 1,350 crore in its initial public offering after pricing shares at Rs. 1,050 each. Alkem Laboratories' IPO was subscribed 44.3 times.
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