Post listing view on Supriya Lifescience IPO By Mr. Santosh Meena, Swastika Investmart Ltd
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Below is the Post listing view on Supriya Lifescience IPO by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd
In the last 3-5 years, the API and specialty chemical industry have been darling for investors, and we believe that this trend will continue for several years. As a result of the decent participation from investors, the IPO debuted at Rs 421 versus the issue price of Rs 274, a premium of 53%. In the long run, investors should hold the stock while those who applied for listing gains can keep a stop loss of Rs 380 on a closing basis. New investors can also look for buying opportunities in dips.
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