Lauras Lab Ipo Allotment Status

Lauras lab ipo allotment status

Laurus Labs IPO 

Laurus Labs is a leading research and development driven pharmaceutical company in India, with a leadership position in generic active pharmaceutical ingredients (APIs) for select, high-growth therapeutic areas of antiretrovirals (ARVs) and Hepatitis C.

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The company is one of the leading suppliers of APIs in the ARV therapeutic area to multi-national pharmaceutical formulation companies which cater to the large and fast-growing “donor-funded access-tomedicines markets” of Sub-Saharan Africa, South-East Asia and Latin America. During the financial year 2016, Laurus sold its APIs in 32 countries.

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The company also manufactures APIs in oncology and other therapeutic areas.

The company operates in four business lines: Generics – APIs, Generics – FDFs, Synthesis and Ingredients. The Generics – API business comprises the development, manufacture and sale of APIs and advanced intermediates. The Generics – FDF business comprises the development and manufacture of oral solid formulations while the Synthesis business includes contract development and manufacturing services for global pharmaceutical companies.

Lauras lab ipo allotment status

The Ingredients business comprises the manufacture and sale of specialty ingredients for use in the nutraceutical and cosmeceutical sectors. Laurus Labs has launched 59 products since its inception in 2005.

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Its key customers include Aspen Pharmacare Limited, Aurobindo Pharma Limited, Cipla Limited, Mylan Laboratories Limited, NATCO Pharma Limited and Strides Shasun Limited.

The company claims that nine out of the 10 largest generic pharmaceutical companies in the world, by revenue, were its customers during the financial year 2016.

As of 30 June 2016, Laurus Labs employed 587 and 12 scientists at its R&D centers in Hyderabad and Greater Boston, constituting 25% of its total employee strength.

Lauras lab ipo allotment status

The company spent INR906.52 million towards R&D activities during the financial year 2016, or 5.1%, of its total revenues. As of 30 June 2016, the company owned 32 patents and had 150 pending patent applications, in several countries.

Laurus Labs currently operates three manufacturing facilities in Visakhapatnam, Andhra Pradesh.

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Two of its facilities manufacture APIs and ingredients, while the third facility is for the manufacturing of APIs and FDFs. It also has a kilo lab near Hyderabad, Telangana. The company is also in the process of setting up two additional manufacturing facilities, one for potent APIs (expected to commence operations by 31 December 2016) and the other for APIs, intermediates and ingredients (expected to commence construction during the financial year 2017).

Promoter of Laurus Labs: Dr.

Satyanarayana Chava, Naga Rani Chava, Dr.

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Raju Srihari Kalidindi, Ravi Kumar Vivi, and Dr. Lakshmana Rao CV

Laurus Labs IPO details
Subscription Dates6 – 8 December 2016
Price BandINR426 – 428 per share
Fresh issueUp to INR3 billion (INR300 crore)
Offer For Sale24,107,440 shares or INR10.31 billion (INR1031.79 crore at upper price band)
Total IPO sizeINR13.31 billion (INR1331.79 crore at upper price band)
Minimum bid (lot size)35 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnBSE, NSE

 

Laurus Labs’ consolidated financial performance (in INR crore)

FY2014FY2015FY2016
Total revenue1,168.51,360.61,791.3
Total expenses950.81,126.41,411.5
Profit after tax97.268.3132.6

 

Laurus Labs Ltd 
2nd Floor, Serene Chambers, Road No.

7,
Banjara Hills, Hyderabad 500034

Phone: +91 40 3980 4333
Fax: +91 40 3980 4320
Email:[email protected]
Website: www.lauruslabs.com

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91 40 23312454
Fax: +91 40 23311968
Email:
[email protected]
Website: http://karisma.karvy.com

Laurus Labs IPO Subscription Details

CategoryShares offeredSubscription (no.

Mainline IPOs in 2020

of times, at 6 PM ) 

Day 1Day 2Day 3
QIB 6,174,5440.70 1.01 10.53
NII 4,623,8790.160.533.57
Retail 10,789,0510.090.391.56
Employee 323,8340.030.981.69
Total21,911,308 0.280.604.52

Laurus Labs IPO allotment status will be available on available on Karvy Computershare’s website.

Click on this linkto get allotment status.

Lauras lab ipo allotment status

You can also check allotment status using application number on this link.

IPO Opening Date: 6 December 2016

IPO Closing Date: 8 December 2016

Finalisation of Basis of Allotment: 14 December 2016

Initiation of refunds: 15 December 2016

Transfer of shares to demat accounts: 16 December 2016

Listing Date: 19 December 2016

Listing Price on NSE: INR489.9 per share (Profit of 14.5% on IPO price)

Closing Price on NSE: INR480 per share (Profit of 12.2% on IPO price)