Dr Lalchandani Labs Ltd - IPO

Dr Lalchandani Labs Ltd IPO Details

Public issue of 14,00,000 equity shares of Rs. 10 each (Equity Shares) of Dr Lalchandani Labs Limited (DLCL or The Company or The Issuer) for cash at a price of Rs. 30 per share (The Issue Price), aggregating to Rs. 4.20 crores (The Issue), of which, 72,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Issue of 13,28,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 32.31% and 30.65%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 each and the issue price of Rs. 30/- i.e. 3.00 (Three) time of the face value of the equity shares.

Objective of issue

To open second major processing center (2000 sq. ft. area) in Delhi/NCR. Repayment / pre-payment, in full or part, of certain borrowings availed by the company. To purchase advanced machinery and equipment. To open new collection centers based on COCO model. To Develop E-Applications and E Programs and other I.T. support systems. For Recruitment, Training and Placement of staff to expand operations and other operational expenses. For general corporate purposes.

Dr Lalchandani Labs Ltd Contact Details

Dr Lalchandani Labs Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - info@lalchandanipathlab.com

Website -