BF Biosciences IPO general subscription on 2nd and 3rd October!

The general public will subscribe 6.25 million shares, 25 percent of the total offer size of BF Biosciences IPO, on October 2nd and 3rd at the strike price of Rs 77. The general public can subscribe to the IPO on 2nd and 3rd October from 9:00 a.m. to 5 p.m. during banking hours. However, in the case of an e-IPO, the process continues for 24 hours.

The book-building phase of BF Biosciences concluded last week with an oversubscription of 3.4 times.

The IPO received an overwhelming response from institutional investors and high-net-worth individuals. The strike price was Rs 77/share, 40 percent higher than the floor price of Rs 55, and it raised Rs 1.93 billion.

Shahid Ali, CEO of Arif Habib Limited, said that investing in the public offering of BF Biosciences presents a decent opportunity for retail investors to engage with a fundamentally strong company at a more attractive valuation than the broader pharmaceutical sector.

This unique positioning allows investors to capitalize on potential growth while benefiting from a favorable entry point.

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