KRM Ayurveda IPO lists at 28% premium

KRM Ayurveda, a company that runs Ayurvedic hospitals and sells herbal products, had its shares listed on the stock market on January 29.

The shares started at a price much higher than expected, giving investors a 28% profit right away.

The company raised ₹77.49 crore from this IPO, which was very popular, with many more people wanting to buy shares than were available.

The money raised will be used to improve their telemedicine services, upgrade technology, pay off debts, and cover other business needs.

KRM Ayurveda has six hospitals and five clinics in India and also offers online medical services.

They made a profit of ₹12.1 crore last year and have good financial health.