Mumbai: Shares of Eris Lifesciences Ltd rose 4% on debut on Thursday after its Rs1741.1 crore initial public offer (IPO) received a subscription of more than three times when it closed earlier this month. Eris Lifesciences shares opened 1.5% higher on the BSE at Rs612 apiece compared to the issue price of Rs603, the upper end of the price band of Rs600-603 per share. At 2.18pm, they were up 0.37% at Rs605.25, while the benchmark Sensex index traded 0.40% higher at 30,968 points. Intra-day, the shares touched a high of Rs627.70 and a low of Rs592.30, respectively. The Ahmedabad-based pharmaceuticals company raised Rs1,741.1 crore through the issue which closed on 20 June, and was subscribed 3.29 times.

Source: Mint June 29, 2017 04:45 UTC