Celestial Labs starts with 25% premium
By TMI | July 17, 2007
Celestial Labs which entered the capital market with issue of Rs. 30 crores from IPO, debuts on bourses today and has gained good responce from the bulls. Though not comparable to recent listings like Vishal Retails or Nitin Fire, but still was trading at 25 % premium price of Rs 75. The stock was issued at Rs.60 price .
Celestial Labs is Hyderbad based company mainly dealing with business of bio informatics and bio technology and main service areas includes clinical data, resources and planning management. And the money raised from this IPO will be utilized for enhancing infrastructure for bio informatics, infrastructure for manufacturing of enzymes.
Topics: IPOs |
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