Supriya Lifescience IPO
Supriya Lifescience Limited (SUPRIYA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 December 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +20.3% (likely range +11% to +25%), day's high +25.5%, chance of a gain 95%. Actual: +53.6% at the open, +53.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 79,24,527 | 25,22,34,270 | 31.8x | |
| NII (HNI) total | 39,62,263 | 63,87,80,418 | 161x | |
| Retail | 26,41,509 | 14,79,51,630 | 56.0x | |
| Total | 1,45,28,299 | 1,03,89,66,318 | 71.5x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 11% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Supriya Lifescience's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Krsnaa DiagnosticsAug 2021 | 49.8x | 116x | 42.0x | 64.4x | ₹1,215 Cr | +5.4% | +15.3% |
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
| Devyani InternationalAug 2021 | 95.3x | 213x | 39.5x | 117x | ₹1,838 Cr | +56.6% | +56.6% |
| Quess CorpJul 2016 | 59.0x | 392x | 34.1x | 144x | ₹411 Cr | +57.7% | +60.7% |
| Happiest Minds TechnologiesSep 2020 | 77.4x | 351x | 70.9x | 151x | ₹702 Cr | +110.8% | +137.9% |
| Sigachi IndustriesNov 2021 | 86.5x | 172x | 80.5x | 102x | ₹125 Cr | +249.7% | +267.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Axis Capital | 107 | +20.4% | 73% |
Offer documents (NSE)
Frequently asked
What is the Supriya Lifescience IPO price band and lot size? ₹265–274 per share, with a lot of 54 shares, so the smallest retail bid is ₹14,796.
How many times has it been subscribed? 71.5x overall: QIB 31.8x, NII 161x, retail 56.0x.
How did it list? It opened at ₹421, +53.6% against the issue price of ₹274, and closed its first day +42.6%.
