 "Sharda Cropchem makes a strong debut on NSE")
Shares of Sharda Corpchem have listed at Rs 260, a 67% premium against its issue price of Rs 156 per share, on the National Stock Exchange (NSE).
The Rs 350-crore initial public offering (IPO) of agrochemical company Sharda Cropchem was subscribed around 60 times. The IPO subscribed 32 times in the qualified institutional investor category, 251 times in the high networth individual (HNI) category and nearly 6 times in the retail segment.
Sharda Cropchem is a crop protection chemical company engaged in the marketing and distribution of a wide range of formulations and generic active ingredients globally. It is also involved in order based procurement and supply of belts, general chemicals, dyes and dye intermediates.
The Rs 350-crore initial public offering (IPO) of agrochemical company Sharda Cropchem was subscribed around 60 times. The IPO subscribed 32 times in the qualified institutional investor category, 251 times in the high networth individual (HNI) category and nearly 6 times in the retail segment.
Sharda Cropchem is a crop protection chemical company engaged in the marketing and distribution of a wide range of formulations and generic active ingredients globally. It is also involved in order based procurement and supply of belts, general chemicals, dyes and dye intermediates.
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