Friday, December 2, 2016

Lauras Labs IPO to open on Dec 6th

Laurus Labs Ltd is entering in the capital markets with an initial public offering, Fresh Issue aggregating up to Rs 300.00 Cr and Offer for Sale of 24,107,440 Equity Shares of Rs 10. The price band for the issue has been fixed at Rs 426 at lower level and Rs 428 at upper level.

Laurus Labs Ltd is Hyderabad based pharmaceutical company. Laurus Labs is in the business of manufacturing generic active pharmaceutical ingredients (APIs) for therapeutic areas of antiretrovirals (ARVs) and Hepatitis C. Company also manufacture APIs in oncology and other therapeutic areas.

The issue opens on Dec 06, 2016 and closes for subscription on Dec 08, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).