Corona Remedies made a healthy stock market debut to list at more than 38 percent premium over its initial public offering (IPO) price on the National Stock Exchange (NSE), following a massive subscription of 137.04 times between December 8-10 in the primary market.

Shares of Corona Remedies were listed at Rs 1,470 per share on the NSE, a decent premium of 38.42 percent. The Rs 655.37-crore issue had a price band of Rs 1,008-1,062 per share.

On the BSE, the shares of the company were listed at Rs 1,452 per share, a premium of 36.72 percent. The company's market capitalization post listing of shares stood at Rs 8,880.44 crore.

Corona Remedies IPO share market debut was better than the expectations in the grey market, which had expected a 32 percent listing gains. Earleir, the issue mobilised Rs 195 crore from anchor investors.

Headquartered in Ahmedabad, Corona Remedies is a pharmaceutical formulation company engaged in developing, manufacturing and marketing products in women's healthcare, cardio-diabeto, pain management, urology and other therapeutic areas.

Its diversified product portfolio comprises 67 brands catering to a range of therapeutic areas as of December 2024.