New Delhi: Onyx Biotec Ltd., a pharmaceutical company, launched its initial public offering (IPO) on November 13, 2024. The three-day subscription window for the IPO will remain open until November 18. The IPO is a book-built issue of Rs 29.34 crores and a fresh issue of 48.1 lakh shares overall. The Onyx Biotec IPO allotment is expected to be finalized on November 19. The IPO will be listed on NSE SME and the tentative listing date is 21 November.
The price band of Onyx Biotec IPO ranges between Rs 58 to Rs 61 per share. For an application, the minimum lot size is 2000 shares. The minimum amount that retail investors have to invest is Rs 122,000. The minimum lot size investment for HNI is two lots (4,000 shares) amounting to Rs 244,000. The book-running lead manager of the Onyx Biotec IPO is Horizon Management Private Limited while Mas Services Limited is the registrar for the issue. The Giriraj Stock Broking is the market maker for Onyx Biotec IPO.
Onyx Biotec IPO GMP
According to Investorgain, the Onyx Biotec Ltd IPO GMP stood at Rs 15 on the morning of November 14, the second day of bidding. With the IPO price at Rs 61, the GMP signalled a listing gain of 24.59 per cent which is Rs 76. It has to be remembered that GMP or Grey Market Premium is an unofficial estimate that guarantees nothing – listing gain or listing loss.
About Onyx Biotec
In 2005, Onyx Biotec was incorporated as a pharmaceutical company, and it provides sterile water for injections. Also, it is a pharmaceutical contract manufacturer offering several dry syrups and dry powder injections for domestic and overseas markets. The company’s revenue from operations till May 31, 2024, was at Rs 10.52 crore.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
The bidding for subscription to the Onyx Biotec IPO opened on November 13, 2024, and will close on November 18, 2024. The Onyx Biotec IPO allotment is expected to be finalized on November 19, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
