The initial public offering (IPO) of Cadila Healthcare of the Zydus Group has been priced at Rs 250 per share at the close of its book-building process. The book-built portion was oversubscribed by more than seven times at this price while at Rs 300-350 per share it was oversubscribed nearly four times, stated a company statement. The total demand generated was over Rs 2,700 crore with the retail response exceeding 75,000 applications, it said. The fixed price portion comprising 14,88,600 share will open on February 28 and will close on March 6. The company is making an IPO of 1,48,86,000 equity shares.
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