Crop Life Science IPO Listing: SME shares list with 7.6% premium at ₹55.95 apiece on NSE Emerge
₹55.95 apiece on NSE Emerge, a premium of 7.59% to the issue price of ₹52 per share. Crop Life Science is engaged in the business of manufacturing, distributing, and marketing agrochemical formulations. The SME company had launched its initial public offering (IPO) on August 18 to raise ₹26.73 crore from the primary market.
Crop Life Science IPO was in total subscribed 4.36 times from August 18 to August 22. The issue had received positive response from retail investors who's portion set was subscribed 7.15 times, and non-institutional buyers who's portion set was subscribed 1.56 times. Also Read: Rishabh Instruments IPO opens today: Latest GMP, should you subscribe, subscription status? The company had fixed the IPO price band at ₹52 per equity share of face value of ₹10 each.
The minimum lot size of Crop Life Science IPO was 2,000 shares. Crop Life Science IPO consisted of fresh issue of 51.40 lakh equity shares aggregating to ₹26.73 crore. There was no offer for sale (OFS) component.
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