Drugmaker Corona Cures Ltd. debuted at a premium on the inventory market at this time, underscoring demand for brand spanking new shares amongst home traders.
After itemizing at 36.72% premium, Corona Cures share value rose as a lot as 41.14% over the IPO value of ₹1,062 to an intraday excessive of ₹1,499 apiece on the BSE, in keeping with inventory market information. That gave the corporate a market capitalisation of almost ₹9,000 crore.
Headquartered in Ahmedabad, Gujarat, Corona Cures is a pharmaceutical formulation firm centered on girls’s healthcare. Its 8-10 December ₹650 crore IPO had acquired 137.04 occasions subscription.
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