Senores Pharmaceuticals IPO sees strong demand with 13 times subscription rate

Senores Pharmaceuticals' IPO has seen strong interest, with a subscription rate of 13 times in the first two days. The price band is set at Rs 372-391 per share, and the company is valued at a P/E ratio of 55x. The IPO opened for public subscription on December 20 and will close on December 24. Allotment is expected on December 26, with shares listed on December 30. Currently, the IPO commands a grey market premium of Rs 230, indicating a 58% premium over the issue price. Analysts recommend subscribing due to attractive valuations and high demand in the pharmaceutical sector.