Parabolic Drugs Limited which had tapped the capital markets with its IPO which opened on Monday the 14th of June and closed on Thursday the 17th of June was subscribed. The price band was Rs 75-85 and the size of issue was Rs 200 crs which included an offer for sale of 20.25 lakh shared by two private equity investors.

The issue received adequate support and was fully subscribed. The price would in all probability be fixed at the lower price band and should be Rs 75. Under the new guidelines the issue must list in 12 days.