Business Standard

Laurus Labs Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,330.51 cr

Price Range (₹)

428

Lot Size

35

Min Investment (₹)

14,980.00

Listing Exchange

MumbaiNSE

Open Date

06-Dec-2016

Close Date

08-Dec-2016

Listing Date

19-Dec-2016

Laurus Labs Ltd News

    The Shares of Laurus Labs Ltd have now been listed.

    Laurus Labs Ltd IPO Details

    Initian public offering of 31,116,785 equity shares of face value of Rs. 10 each (equity shares) of Laurus Labs Limited (company or issuer) for cash at a price of Rs. 428 per equity share (including share premium of Rs. 418 per equity share) (The offer price) aggregating to Rs. 1330.51 crores (offer) comprising a fresh issue of 7,009,345 equity shares aggregating to Rs. 299.71 crores (Fresh Issue) and an offer for sale of 24,107,440 equity share by the selling shareholders, aggregating to Rs. 1030.80 crores (offer sales). The offer includes a reservation of 322,164 equity shares, aggregating to Rs. 12.50 crores , for subscribtion by elegible employees not exceeding 5% of the post-offer paid-up equity share capital (the employee reservation portion) The offer less the employee reservation portion is hereinafter referred as the net offer. The offer and the net offer shall constitute 29.42% and 29.12%, respevtively of the post-offer paid-up equity share capital of the company. The Anchor investor offer price is Rs. 428 per equity share.Offer price is Rs. 428 per equity share of face value of Rs.10 eachThe offer price is 42.8 times the face value.

    Objective of issue

    Pre-payment of term loans. General corporate purposes.

    Laurus Labs Ltd Contact Details

    Laurus Labs Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - secretarial@lauruslabs.com; info@lauruslabs.com

    Website - www.lauruslabs.com