Symbiotec Pharmalab Launches Rs 1,757 Crore IPO
Listen to the story
Symbiotec Pharmalab is a company that makes API. API means the main part inside medicine. The company has started an IPO. An IPO is when a company sells shares to the public for the first time.
The IPO wants to get Rs 1,757 crore. This is a lot of money. People can now buy shares in the company.
Before the IPO, there is a number called GMP. GMP means grey market price. It shows what people think the share price will do later.
The GMP shows the share price could go up by 41%. This makes some people excited about the IPO.
But experts say people should think carefully. Not every IPO makes money. There is always some risk when you buy shares.
Symbiotec makes medicine parts for a long time. Some experts say this is good for the future. They say the company has a strong long-term plan.
People must decide if they want to buy shares now. They should think about the risk before they subscribe.
Vocabulary15 words
- API
- the main part inside a medicine
- IPO
- when a company sells shares to people for the first time
- GMP
- a price that shows what people think a share will cost later
- risk
- the chance something bad could happen
- long-term
- something that lasts for a long time
- subscribe
- to ask to buy shares in an IPO
- shares
- small parts of a company that people can own
- company
- a business that sells things or services
- medicine
- something you take when you are sick
- public
- all the people, not just one group
- money
- what you use to buy things
- future
- the time that has not happened yet
- experts
- people who know a lot about something
- plan
- an idea about what to do
- buy
- to get something by paying money
Quiz
Answer key
1. API for medicine 2. Rs 1,757 crore 3. Yes
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Symbiotec Pharmalab is a company that makes _____. The company has started an _____.
The IPO wants to get Rs _____ crore. People can now buy _____ in the company.
Before the IPO, there is a number called _____. It shows what people think the share price will do later.
The GMP shows the share price could go up by _____%.
Experts say there is always some _____ when you buy shares.
Some experts say the company has a strong _____ plan.
People should think about the risk before they _____.