MARKET STATS

Monday 17 August 2015

Singin IPO received good response

Singin IPO investors have received a great response. The IPO was 31 times oversubscribed. IPO 52 times and HNIs part of QIB quota was filled 90 times, while the retail portion was subscribed nearly 5 times.

The company has fixed IPO price band 240-250 per share. Singin research arm of Biocon's IPO plans to raise Rs 550 crore. After the IPO in Singin Biocon will share 74 per cent.

Singin Biocon over the world including all of the major pharma companies and Biopharma Research Services offers its clients 8 of the top 10 companies. Singin estimated market cap of Rs 5,000 crore.

Singin's IPO is successful Boyocon Chairman Kiran Mazumdar-Shaw said in Singin investors have shown great enthusiasm. He said that in the next few weeks, the company's listing plan. It's good enough for Biocon and Singin time. HNIs and retail investors are showing great enthusiasm. It is expected that growth will Singin quite well.

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Source: moneycontrol

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