Eris Lifesciences Limited IPO

Add to Calendar 2017-06-16 12:00 AM 2017-06-20 12:00 AM Asia/Kolkata Eris Lifesciences Limited IPO Eris Lifesciences Limited India

Eris Lifesciences Limited is one of the fastest growing companies in high growth therapeutic areas with a portfolio of complimentary products. The firm is based in Ahmedabad, Gujarat and has a team of 2645 employees across the country.

Date of establishment: Eris Lifesciences was established in 2007.  

Product & Service Offering: Eris Lifesciences is involved in the R&D, manufacturing and sale of products, which are linked to the lifestyle related disorders that area chronic in nature and require the intervention of super specialist and specialist doctors. The products manufactured by the firm in the chronic category serve to areas including anti-diabetics cardiovascular, and neurology. The product portfolio in the acute category includes vitamins, gastroenterology, analgesics, hematology, dermatology and injury healing products.

Promoters of Eris Lifesciences Ltd.: The promotors of the firm are Mr. Amit Indubhushan Bakshi, Mr. Himanshu Jayantbhai Shah, Mr. Inderjeet Singh Negi, Mr. Rajendrakumar Rambhai Patel and Mr. Kaushal Kamlesh Shah.

Customer segment: The company offers its products to clients in the metro cities and tier-I towns in India where the incidents of lifestyle related disorders are high along with more number of specialists and super specialists doctors.

Objects of the Issue:

The objects of the issue are:
-      Benefits of listing the equity shares
-      Sale of up to 28,875,000 equity shares

 

Company Financials:

 

   
 

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

31-Mar-12

 

Total Assets

3,973.59

3,572.85

2,705.99

1,718.05

1,019.67

 

Total Revenue

5,970.21

5,455.58

5,088.22

3,930.64

2,739.40

 

Profit After Tax

1,348.58

892.59

709.12

584.40

370.63

 

 

 

 

Issue Detail

  • Issue Open: Jun 16, 2017
  • Issue Close: Jun 20, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 1 Per Equity Share
  • Price Band: Rs 600 - Rs 603 Per Equity Share
  • Bid Lot:24 Shares
  • Minimum Order Quantity:24 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 1,741.16 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 8,617,500 4,308,750 2,872,500 150,000 - 15,948,750
Day 1 - Jun 16, 2017IST 0.0700 0.0200 0.4100 0.0000 - 0.1200
Day 2 - Jun 19, 2017IST 0.8200 0.0300 1.6800 0.3300 - 0.7500
Day 3 - Jun 20, 2017IST 4.6800 0.4500 3.5100 0.8600 - 3.2900

Listing Day Trading Information

- BSE NSE
Issue Price Rs 603.00 Rs 603.00
Open Rs 612.00 Rs 611.00
Low Rs 592.30 Rs 593.25
High Rs 627.70 Rs 628.00
Last Trade Rs 601.05 Rs 601.50
Volume 1,325,550 7,123,148

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