Parabolic Drugs IPO issue has fully subscribed

Parabolic Drugs IPO has fully subscribedChandigarh-based APIs and API intermediates manufacturer Parabolic Drugs IPO has fully subscribed. Its issue size is Rs. 2.67 crore shares and has received bids for 2.77 crore equity shares.

Parabolic Drugs is (Note;indian ipo news)engaged in the manufacturing and contract manufacturing of active pharmaceutical ingredients (API), and API intermediates for domestic and export markets. The company produces the SSP (Semi Synthetic Penicillin) and Cephalosporin range of antibiotics in oral and sterile form, Parabolic Drugs Ltd plans to use the initial public offering (IPO) proceeds for capacity expansion at various manufacturing units.

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