Tuesday 11 August 2015

Syngene Intl sparkles on debut

The stock is now trading around Rs. 314 as against the issue price of Rs. 250.


Syngene
Syngene International has debuted at a smart 18 percent premium on the BSE at Rs. 295.

The company had successfully raised Rs. 550 crore from its recent IPO (Initial Public Offer). The issue was subscribed by nearly 24 times.

The stock so far in the day has touched a high of Rs. 314, and is now trading at Rs. 312. The counter has seen trades of around 2.65 million shares on the BSE.

Meanwhile, the Sensex is down 11 points at 28,100.

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