Daily Archives: November 12, 2021

Sudarshan Pharma Industries Ltd IPO reopened till 24 June 2019

Sudarshan Pharma Industries Ltd was one of the first IPOs after the 2019 general election results are declared and was supposed to close on 17 June 2019
The original details for Sudarshan Pharma Industries Ltd IPO were as follows
Issue Open Date : 12 June 2019
Issue Close Date : 17 June 2019
Price Range : Rs 75
Issue Size (Rs. in Cr.) 25.80

However, on 20 June 2019, the HDFC securities IPO page is showing the following information, that the IPO is still open for subscription
Sudarshan Pharma Industries Ltd
Issue Open Date : 12 June 2019
Issue Close Date : 24 June 2019
Price Range: Rs 72
Issue Size (Rs. in Cr.): 24.77

The price range has reduced from Rs 75 to Rs 72 and the issue size is also smaller at Rs 24.77 crore instead of Rs 25.80 crore, almost Rs 1.03 crore lower. It appears that there were not enough subscribers to the IPO

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