sunrest lifescience NSE SME stock falls after flat listing - 62 times subscription in 3 days, IPO fails on listing day, investors disappointed Business News- CMB College

sunrest lifescience NSE SME stock falls after flat listing – 62 times subscription in 3 days, IPO fails on listing day, investors disappointed Business News

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Sunrest Life Sciences Limited (Sunrest Lifescience NSE SME) has had a flat listing in the stock market. Shares of the company traded on NSE SME at Rs. 84 is listed. After which the shares of the company took a low circuit of 5 percent. And this stock fell to the level of Rs.79.80. Let us tell you that the price band of Sunrest Life Sciences Limited was 84 rupees per share.

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There were about 1600 shares

The company had about 1600 shares. Due to which the investors had to bet at least 1,34,000 rupees. The IPO of Sunrest Life Sciences Limited was open from 7 November 2023 to 9 November 2023. The company had allotted shares on 15 November 2023. Let us tell you that the size of the IPO was 10.85 crore rupees.

62 times subscription in 3 days

On the last day of the IPO opening, the total subscription was more than 48 times. The IPO was subscribed more than 65 times in the retail category. Sunrest Life Sciences Limited’s IPO was subscribed more than 62 times during the 3-day opening. Let us tell you that after the IPO, the share of the promoters has reduced from 100 percent to 69.91 percent.

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