Morepen Labs successfully raises Rs.200 crore through QIP
Funding Innovation and Growth via Capacity Expansion for Future endeavorAugust 6, 2024, Gurugram (Haryana): Morepen Laboratories Limited (NSE: MOREPENLAB; BSE: 500288), proudly announces the successful subscription of a Qualified Institutional Placement (QIP) for Rs.200crores. This strategic move underscores Morepen's commitment to accelerating growth, enhancing institutional participation, increasing market presence, and improvement in its financial position on the way to fortifying its leadership in the field of Medical Devices and APIs.The issue was subscribed 1.68 times with bids of Rs. 335 crores against the Rs. 200 crores offering, demonstrating strong confidence reposed by institutional investors . Marquee global investors like Bank of America Securi...









