Tag: Shares of Concord Biotech

BENGALURU: Shares of India's Concord Biotech climbed as much as 24.6% to 923 rupees in their market debut on Friday, valuing the biopharma company at 96.25 billion rupees ($1.16 billion).The Ahmedabad, Gujarat-based company opened at 900.05 rupees, compared with its initial public offer (IPO) price of 741 rupees.The IPO comprised 20.9 million shares on offer from existing stakeholders, according to its prospectus, implying the proceeds would go to the selling shareholders alone and not the company.Its 15.51 billion rupees offering, was subscribed 24.87 times at the end of...