Corona Remedies IPO Allotment, GMP LIVE Updates: After the IPO closed bidding, Corona Remedies will finalise the allotment of shares. Post that, investors can track refunds and demat credits.
The issue was opened for subscription on December 08 and closed on December 10. The company raised Rs 655 crore. The shares were priced in a band of Rs 1,008-1,062 each.
| Corona Remedies IPO | Key Details |
| Price Band | Rs 1,008-1,062 each |
| IPO Date | December 8-10 |
| GMP | 27% |
| IPO Allotment date | December 11 |
| Listing date | December 15 |
Corona Remedies IPO: Size and structure
The IPO is structured entirely as an offer for sale, meaning the company is not raising fresh capital. A total of 0.62 crore shares are being offered by existing shareholders. The company raised Rs 194.85 crore in the anchor round from 15 participants, including names like SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra AMC, and Axis Mutual Fund.
Book running lead managers and registrar
JM Financial, IIFL Capital, and Kotak Capital are managing the IPO of Corona Remedies as book-running lead managers, while Bigshare Services has been appointed as the registrar.
Corona Remedies IPO Allotment LIVE: Check allotment status, refund details, GMP today, listing date, and price band
Corona Remedies IPO Allotment, GMP, Listing LIVE Updates: About the company
Incorporated on August 27, 2004, is an India-focused branded pharmaceutical formulation company engaged in developing, manufacturing, and marketing products across women’s healthcare, cardio-diabeto, pain management, urology, and other therapeutic areas.