Tuesday, December 1, 2015

Alkem Labs IPO opens on Dec 8

Alkem Laboratories Limited is entering in the capital markets with an initial public offering, IPO of 12,853,442 Equity Shares of Rs 2 each aggregating upto Rs 1,349.61 Cr. The price band for the issue has been fixed at Rs 1020 at lower level and Rs 1050 at upper level.

Incorporated in 1973, Alkem Labs is leading India based pharmaceutical company engaged in the development, manufacture and sale of pharmaceutical and neutraceutical products.

The issue opens on Dec 8, 2015 and closes for subscription on Dec 10, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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