Himalaya Nutravedics India Lists With Premium

Business Standard Markets · stocks

Himalaya Nutravedics India debuted on the BSE at Rs 118, an 11.32% premium to its IPO price of Rs 106. The stock later traded at Rs 122.50, a 15.57% premium. Approximately 7 lakh shares were traded on the exchange. The company raised Rs 7.53 crore from anchor investors prior to the IPO. Proceeds from the Rs 24.99 lakh share issue will fund working capital and business development. Himalaya Nutravedics manufactures Ayurvedic and nutraceutical formulations.