Poly Medicure Limited prices QIP at Rs. 524 per share

The QIP Committee of board of directors of Poly Medicure Limited at its meeting held today, i.e., February 18, 2021 has approved closure of the QIP today, i.e., February 18, 2021.

The committee approved the issue price for 76,33,587 Equity Shares to be allotted to eligible qualified institutional buyers at a price of Rs. 524 per Equity Share, including a premium of Rs. 519 per Equity Share, which is at a discount of Rs. 26.79 (4.86% to the floor price of Rs. 550.79 per Equity Share).

The committee also approved and finalized the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue.

Shares of POLY MEDICURE LTD. was last trading in BSE at Rs.650 as compared to the previous close of Rs. 651.5. The total number of shares traded during the day was 4024 in over 257 trades.

The stock hit an intraday high of Rs. 659.55 and intraday low of 641.75. The net turnover during the day was Rs. 2618133.

Source : Equity Bulls

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