Supriya Lifescience makes strong market debut; stock closes 43% higher

Supriya Lifescience made a strong debut on the bourses on Tuesday. The stock got listed at Rs 425 - a gain of 55 per cent above its issue price. The stock gave up some of its listing gains and ended the session at Rs 390 - a 42.5 per cent premium to its issue price. After listing, the company commands a market capitalisation of Rs 3,141 crore.

The initial public offering (IPO) of Supriya Lifescience was subscribed 74x. The institutional portion was subscribed 33x, the wealthy investor portion 166x, and the retail investor portion 57x.

Supriya Lifescience had priced its IPO between