Laurus Labs Ltd IPO

Add to Calendar 2016-12-06 12:00 AM 2016-12-08 12:00 AM Asia/Kolkata Laurus Labs Ltd IPO Laurus Labs Ltd IPO India

Laurus Labs Limited is a leading research and development driven pharmaceutical company in India based out of Hyderabad. The company has around 59 products commercialized since inception and employs 617 members in the R&D team.

Date of establishment: Laurus Labs was established in 2005.  

Product & Service Offering: Laurus Labs operates in four categories – Generics Active Pharmaceutical Ingredients (APIs), Generics Finished Dosage Forms (FDFs), Synthesis and Ingredients for use in nutraceutical and cosmeceutical sectors.  

Promoters of Laurus Labs Ltd.: The promoters of the firm are Dr. Satyanarayana Chava, Mr. Naga Rani Chava, Dr Raju Srihari Kalidindi, Mr. Ravi Kumar V V and Dr. Lakshmana Rao C V

Customer segment: The company offers its products and services to multi-national pharmaceutical companies.

Objects of the Issue:

The objects of the issue are:
-     Prepayment of term loans
-     General corporate purposes

 

Company Financials:

 

 

Particulars

For the year/period ended (in Rs. Million)

 

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

31-Mar-12

Total Assets

23,083.48

18,925.49

12,730.58

7,009.89

5,128.78

Total Revenue

17,884.15

13,603.80

11,685.34

7,235.67

4,523.07

Profit After Tax (PAT)

1,435.68

735.17

972.17

882.19

215.77

Issue Detail

  • Issue Open: Dec 06, 2016
  • Issue Close: Dec 08, 2016
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 426 - Rs 428 Per Equity Share
  • Bid Lot:35 Shares
  • Minimum Order Quantity:35 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 1,331.80 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 6,174,544 4,623,879 10,789,051 323,834 - 21,911,308
Day 1 - Dec 06, 2016IST 0.7100 0.1600 0.1000 0.0400 - 0.2800
Day 2 - Dec 07, 2016IST 1.0200 0.5400 0.3900 0.9800 - 0.6100
Day 3 - Dec 08, 2016IST 10.5395 3.5744 1.5803 1.7084 - 4.5282

Listing Day Trading Information

- BSE NSE
Issue Price Rs 428.00 Rs 428.00
Open Rs 490.00 Rs 489.90
Low Rs 475.00 Rs 475.00
High Rs 498.00 Rs 498.00
Last Trade Rs 480.50 Rs 480.40
Volume 3,952,346 17,548,335

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