Laurus Labs sets IPO price band at Rs 426-428 per share

Pharma company Laurus Labs will launch its initial public offering next week and it has fixed the price band at Rs 426-428 per equity share.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » IPO » IPO - Upcoming Issues

Nov 29, 2016, 05.11 PM | Source: PTI

Laurus Labs sets IPO price band at Rs 426-428 per share

Pharma company Laurus Labs will launch its initial public offering next week and it has fixed the price band at Rs 426-428 per equity share.

Like this story, share it with millions of investors on M3

Laurus Labs sets IPO price band at Rs 426-428 per share

Pharma company Laurus Labs will launch its initial public offering next week and it has fixed the price band at Rs 426-428 per equity share.

Post Your Comments

Share Cancel

| 1 Comments
Laurus Labs sets IPO price band at Rs 426-428 per share
Pharma company Laurus Labs will launch its initial public offering next week and it has fixed the price band at Rs 426-428 per equity share.

The IPO is scheduled to open on December 6 and close on December 8, the company said in a statement today.

The offer consists of fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale of 24,107,440 equity shares by the selling shareholders namely Aptuit (Asia) Private Ltd, Bluewater Investment Ltd, FIL Capital Management (Mauritius) Ltd and Fidelity India Principals (acting through its trustee FIL Capital Advisors).

The Hyderabad-based company will not receive any proceeds from the offer for sale and all proceeds from this will go to the selling shareholders, the statement said.

The firm proposes to use the net proceeds from the fresh issue towards pre-payment of term loans and general corporate purposes.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Jefferies India Private Limited and SBI Capital Markets Ltd are the Book Running Lead Managers (BRLMs) to the offer.

The registrar to the offer is Karvy Computershare Private Limited.

The equity shares of the company are proposed to be listed on BSE and NSE.

Buy, Hold, Sell ? Hear it first on M3
Laurus Labs sets IPO price band at Rs 426-428 per share

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login