Biocon sets price band for clinical services arm Syngene's IPO

IPO shall open for subscription on July 27, price band at Rs 240-250

Drugmaker Biocon Ltd has set the price band for an initial public offering (IPO) of its clinical research services arm, Syngene International Ltd, at Rs 240 to Rs 250 a share, it said on Thursday.

Syngene's IPO shall open for subscription on July 27 and close on July 29, Biocon said in a filing to exchanges.

Biocon said in April that it planned to sell 22 million shares and provide an overallotment option.

($1 = 62.9100 rupees)