 "Dr Lal PathLab's Rs 630-cr IPO to open Dec 8")
The Rs 630-crore initial public offering (IPO) of diagnostic chain company Dr Lal PathLab's will open on December 8.
The Delhi-based firm has fixed the price band for its IPO from Rs 540 to Rs 550 per share. At the top end of the price band, the IPO size works out to around Rs 630 crore.
The entire 11.6-million share issue is offer for sale by promoters and existing shareholders. The offering consists of 14.04 per cent of the paid up capital of the company and will give the company a valuation of around Rs 4,500 crore.
Dr Lal would be offering an additional discount of Rs 15 to retail investors, those investing up to Rs 2 lakh.
Kotak Mahindra Capital and Citigroup Global Markets are the investment banks handling the IPO.
