 "Alkem Laboratories $200-mn IPO fully subscribed")
Drugmaker Alkem Laboratories
Alkem had received orders for about 11.8 million shares, or about 1.3 times the number of shares being offered as of 3:48 p.m., according to data from exchanges National Stock Exchange and BSE Ltd.
Institutional investors were active bidders, placing orders worth 2.3 times the number of shares available to them.
Alkem is aiming to raise up to 13.5 billion rupees ($201.94 million) in its IPO, and has set a price band of 1,020 rupees to 1,050 rupees per share.
The offering closes on Thursday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app