The Laurus Labs IPO is a book-built offering for Rs 1,331.80 crore. The offering consists of a fresh issue of 0.7 crore shares worth Rs 300.00 crore and an offer for sale of 2.41 crore shares worth Rs 1,031.80 crore. The IPO auction for Laurus Labs began on December 6, 2016 and closed on December 8, 2016. The Laurus Labs IPO allotment was completed on Wednesday, December 14, 2016. On December 19, 2016, the shares were listed on the BSE and NSE. The pricing range for Laurus Labs’ IPO is $426 to $428 per share. An application requires a minimum lot size of 35 shares. Retail investors must make a minimum investment of $14,980.
Laurus Labs Ltd. is a pharmaceutical firm situated in Hyderabad that was founded in 2005. Laurus Labs produces generic active pharmaceutical ingredients (APIs) for the therapeutic areas of antiretrovirals (ARVs) and Hepatitis C. The company also produces APIs for oncology and other therapeutic fields.
Laurus Labs operates in four business lines:
- Generic active pharmaceutical ingredients (APIs): the development, manufacture and sale of APIs and advanced intermediates
- Generic finished dosage forms (FDFs): the development and manufacture of oral solid formulations
- Synthesis: contract development and manufacturing services for global pharmaceutical companies.
- Ingredients: the manufacture and sale of specialty ingredients for use in the nutraceutical and cosmeceutical sectors.
Laurus Labs IPO Details
| IPO Date | December 6, 2016 to December 8, 2016 |
| Listing Date | December 19, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹426 to ₹428 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 31,116,785 shares (aggregating up to ₹1,331.80 Cr) |
| Fresh Issue | 7,009,345 shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 24,107,440 shares of ₹10 (aggregating up to ₹1,031.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Laurus Labs IPO Timeline
| IPO Open Date | Tuesday, December 6, 2016 |
| IPO Close Date | Thursday, December 8, 2016 |
| Basis of Allotment | Wednesday, December 14, 2016 |
| Initiation of Refunds | Thursday, December 15, 2016 |
| Credit of Shares to Demat | Friday, December 16, 2016 |
| Listing Date | Monday, December 19, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 8, 2016 |
Laurus Labs IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 6,174,544 (28.18%) | NA |
| NII (HNI) Shares Offered | 4,623,879 (21.10%) | |
| Retail Shares Offered | 10,789,051 (49.24%) | 308,258 |
| Employee Shares Offered | 323,834 (1.48%) | NA |
| Total Shares Offered | 21,911,308 (100%) |
Laurus Labs IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,980 |
| Retail (Max) | 13 | 455 | ₹194,740 |
Objects of the Issue (Laurus Labs IPO Objectives)
The object of the issue is to:
- Pre-payment of term loans; and
- General corporate purposes.
Laurus Labs IPO Listing Details
| Listing Date | December 19, 2016 |
| BSE Script Code | 540222 |
| NSE Symbol | LAURUSLABS |
| ISIN | INE947Q01010 |
| Final Issue Price | ₹428 per share |
Laurus Labs Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹428.00 | ₹428.00 |
| Open | ₹490.00 | ₹489.90 |
| Low | ₹475.00 | ₹475.00 |
| High | ₹498.00 | ₹498.00 |
| Last Trade | ₹480.50 | ₹480.40 |
Laurus Labs Ltd Contact Details
Laurus Labs Ltd
Plot No.21,
Jawaharlal Nehru Pharma City,
Parawada, Visakhapatnam, 531 021
Phone: + 91 40 3980 4333
Email: [email protected]
Website: http://www.lauruslabs.com
Laurus Labs IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Laurus Labs IPO FAQs
Q1. What is the Laurus Labs IPO?
Ans. Laurus Labs IPO is a main-board IPO of 31,116,785 equity shares with a face value of ₹10, aggregating up to ₹1,331.80 crore. The issue is priced at ₹426 to ₹428 per share. The minimum order quantity is 35 shares. The IPO opens on December 6, 2016, and closes on December 8, 2016.
Q2. When will Laurus Labs IPO open?
Ans. The Laurus Labs IPO opens on December 6, 2016 and closes on December 8, 2016.
Q3. What is the size of the Laurus Labs IPO?
Ans. Laurus Labs IPO lot size is 35 shares, and the minimum amount required is ₹14,980.
Q4. When is the Laurus Labs IPO listing date?
Ans. The Laurus Labs IPO listing date is on December 19, 2016.
