Claris Lifesciences’s IPO subscribed 0.09 times on its second day

It has received 829378 bids against the issue size of 8848921 shares

Drugmaker Claris Lifesciences’s initial public offering (IPO), with the aim of raising around Rs 300 crore, has been subscribed 0.09 times on second day. It has received 829378 bids against the issue size of 8848921 shares, 651134 bids have been received at the cut off price, as per the data available on NSE website at 17.00 pm.

It has set a price band of Rs 278-293 a share for its IPO of 36,00,000 equity shares. The issue of the company opened for subscription on November 24, 2010 and will close on November 26, 2010.

Source : News Reports

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