India, March 30 -- The scrip was listed at Rs 124, matching the initial public offer (IPO) price. The counter hit a high of Rs 129.50 and a low of Rs 124. About 13.38 lakh shares of the company changed hands at the counter. Speciality Medicines' IPO was subscribed 2.19 times. The issue opened for bidding on 20 March 2026 and it closed on 24 March 2026. The price band of the IPO was fixed between Rs 117 to Rs 124 per share.

The IPO comprised fresh issue of 23,50,000 equity shares. The company intends to utilise the net proceeds for setting up a research and development (R&D) centre in Valsad, Gujarat; product registration in international markets; product development for sale in international markets; funding marketing and promotional act...