The issue was earlier oversubscribed 30 times and the company has impressive records of steady growth in the past.
Vivimed is a speciality chemical company engaged in cosmetic raw material production and is in this business for the last 13-14 years.
It has been a supplier of raw material to major cosmetic companies in the world, and is one of its kind in the business.
Vivimed Lab has a modern research and development centre engaged in creation of new molecules.
The company has a very professional approach to a lot of issues unheard of small companies in the same categories, said K Srinivas, of UTI Securities, the lead managers to the Vivimed Lab's IPO.
