The initial public offering (IPO) of Corona Remedies kicks-off for bidding on Monday, December 08. The pharma company shall be offering its shares in the range of Rs 1,008-1,065 apeice, for which investors can apply for a minimum of 14 equity shares and its multiples thereafter. The issue will close for bidding on Wednesday, December 10. Advertisement

Corona Remedies is looking to raise a total of Rs 655.37 crore, which is entirely an offer-for-sale (OFS) of up to 61,71,101 equity shares by its promoters and existing shareholders. The company will not receive any proceeds from the IPO, and entire proceeds will go to the selling shareholders.

Incorporated in August 2004, Ahmedabad-based Corona Remedies is a pharmaceutical company developing, manufacturing, and marketing products in women

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