Blockbuster debut! Alkem and Dr Lal Pathlabs open 30% highe

After receiving overwhelming response from retail as well as institutional investors for their IPOs, both Alkem Laboratories and Dr. Lal Pathlabs made impressive gains in early hours of listing.

After receiving overwhelming response from the retail as well as institutional investors for their initial public offerings (IPOs), both Alkem Laboratories and Dr. Lal Pathlabs today opened 31.42% and 30.36% higher over their respective issue price of Rs. 1,050 and Rs. 550.

Shares of Alkem Lab opened at Rs. 1,380 and touched a high of Rs. 1,401.40 and a low of Rs. 1,355.40. So far, 10.54 lk shares have changed hands on BSE.

Similarly, shares of Dr Lal Pathlabs opened at Rs. 717 and touched a high of Rs. 747 and a low of Rs. 715.50. So far, 13.30 lk shares have changed hands on BSE.