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Claris Lifesciences Limited IPO (Claris IPO) Detail

Nov 24, 2010 - Dec 2, 2010

Incorporated in 1994, Claris Lifesciences Limited (CLL) is an Ahmedabad based pharmaceutical company. Claris is the largest Indian sterile injectables pharmaceutical companies with a presence in 76 countries worldwide. Claris offers 113 products across multiple markets and therapeutic areas. All of these products are off-patent products.

Claris's product range across various therapeutic segments, including anaesthesia, critical care, anti-infectives, renal care, infusion therapy, enteral nutrition, parenteral nutrition and oncology.

Companies more than half of the sales come from international markets and have a strong presence in regions of Latin America, the Middle East, Africa and Central, South East and Far East Asia.

Claris's manufacturing facilities are located in Ahmedabad, India and approved by foreign regulatory authorities. The manufacturing facilities are ISO 9001-2000 and WHO GMP certified.

Company Promoters:

The promoters of the company are:
1. Mr. Arjun S. Handa
2. Sarjan Financial Private Limited

Company Financials:

ParticularsFor the year/period ended (in Rs. million)
31-Dec-0931-Dec-0831-Dec-0731-Dec-0631-Dec-05
Total Income7,594.017,639.006,238.164,026.742,923.61
Profit After Tax (PAT)1,303.801,083.95832.72466.93179.30

Objects of the Issue:

The objects of the issue are:

1. Setting up of a new plant comprising a small volume parenterals line, a PVC bag line, a non-PVC bag line and a fat emulsion line.
2. Setting up of a new manufacturing line for propofol and other fat emulsion products at our existing plant, Clarion IV.
3. Construction of a facility for research and development at our Clarion manufacturing facilities.
4. Prepayment of an identified term loan.
5. General corporate purposes.

Issue Detail:

  »»  Issue Open: Nov 24, 2010 - Dec 2, 2010
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 12,632,477 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 300.00 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 228 - Rs. 235 Per Equity Share
  »»  Market Lot: 22 Shares
  »»  Minimum Order Quantity: 22 Shares
  »»  Listing At: BSE

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Claris Lifesciences Ltd IPO Grading / Rating

Fitch Ratings India Private Limited has assigned an IPO Grade 3 to Claris Lifesciences Ltd IPO. This means as per Fitch, company has 'Average Fundamentals'. Fitch assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the Fitch IPO Grading Document for Claris Lifesciences Ltd.

Check IPO Ratings from other stock analysts.

Claris Lifesciences Limited IPO Tags:

Claris Lifesciences IPO, Claris IPO, Claris Lifesciences Ltd IPO Bidding, Claris Life IPO Allotment Status, Claris IPO drhp and Claris IPO listing.

IPO Notices

External Link

Claris Lifesciences IPO revised issue closing date and issue price

Friday, November 26, 2010
Book Running Lead Manager to the issue has informed the Exchange that the CLARIS LIFESCIENCES LIMITED issue will close on 2 Dec, 2010 instead of the earlier closing day on 26 Nov, 2010.Post issue modification date has been revised to 3 Dec, 2010 instead of the earlier closing day on 27 Nov, 2010. Further price band has revised from 278/- to Rs. 293/- TO Rs. 228/- to Rs. 235/- per share.

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved4,572,1521,069,1923,207,5778,848,921
Day 1 - Nov 24, 2010 17:00 IST0.00000.00000.07000.0200
Day 2 - Nov 25, 2010 17:00 IST0.00000.01000.26000.0900
Day 3 - Nov 26, 2010 17:00 IST0.15000.10001.22000.4400
Day 4 - Nov 29, 2010 17:00 IST0.11000.06001.01000.4200
Day 5 - Nov 30, 2010 17:00 IST0.11000.11001.02000.4300
Day 6 - Dec 1, 2010 17:00 IST0.11000.30001.06000.47000.4700
Day 7 - Dec 2, 2010 17:00 IST1.31002.03001.60001.5000

Claris IPO Prospectus

Claris IPO Rating

786
3.7
Rating:Rated 3.7 stars

Vote Here ...

Claris IPO Listing Date

  •   ›  Listing Date: Monday, December 20, 2010
  •   ›  BSE Script Code: 533288
  •   ›  NSE Symbol:
  •   ›  Listing In: 'B' Group of Securities
  •   ›  Sector: Pharmaceuticals
  •   ›  ISIN: INE562G01018
  •   ›  Issue Price: Rs. 228.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 228.00
Open:Rs. 224.40
Low:Rs. 198.10
High:Rs. 227.90
Last Trade:Rs. 205.85
Volume:15,448,775

Claris IPO News Alerts

  1. Thursday, December 16, 2010 2:00:20 PM
    IPO Listing - Claris Lifesciences Limited (CLL)
  2. Thursday, December 16, 2010 3:19:57 AM
    IPO Allotment - Claris Lifesciences Limited (CLL)
  3. Thursday, December 2, 2010 8:32:20 AM
    Claris Lifesciences IPO finally subscribed 1.50 times
  4. Friday, November 26, 2010 1:37:42 PM
    Claris Lifesciences Limited Revised Issue Close Date
  5. Saturday, November 20, 2010 7:28:32 AM
    Upcoming IPO - Claris Lifesciences Limited (CLL)

Company Contact Information

Claris Lifesciences Limited
Claris Corporate Headquarters,
Near Parimal Railway Crossing,
Ellisbridge, Ahmedabad – 380 006
Phone: +91 79 26563331
Fax: +91 79 26565879
Email: ipo.corp@clarislifesciences.com
Website: http://www.clarislifesciences.com

Claris IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: cll.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Claris IPO Review / Comments

avatar
489. IPO Mania  Jan 4, 2011 9:46:33 AM IST Reply
Dear Mr. Sreedhar,
First HAPPY NEW YEAR-2011
I have 73 shares of Claris in my Demat@IPO rates which I m holding as it is in RED, should i hold on for future as I don't require any funds?? what's the future of Claris?? Will it cross to its IPO rates or not?
AWAITING EAGERLY YOUR MOST VALUABLE COMMENTS.

THANX....ZAHEER ALAM
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488. SureshB  Dec 23, 2010 6:10:49 PM IST Reply
Don't sell if you are holding this. It is likely to tuch 250 on the following week. Got some inside news !!
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487. rohit sachdev  Dec 23, 2010 11:37:03 AM IST Reply
yesterday it was moil and today the focus is on claris. look it's crossed it's issue price. good for those holding their shares.
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486. sonipc  Dec 22, 2010 1:28:46 AM IST Reply
if we hold for 2-3 more trading session, may get a chance to exit above issue price, without much loss

regards
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485. N G  Dec 21, 2010 4:23:05 PM IST Reply
Its good to see todays batting of Claris. It scored 224 not out...
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484. Ravi, Bangalore  Dec 21, 2010 11:42:28 AM IST Reply
479. N G / 481. devulapalliC

Whatever Star Experts recommendation may say, always consider whether a particular investment is right for you in light of your own financial circumstances. Remember, you are the boss, it's your money, and your situation and goals that matter.

Before you invest, investigate. Question the rationale of BUY or SELL recommendatons. Because there is no substitute for investors who know how to look behind Star Experts opinion.

Always keep in mind the stop-loss & don't cancel stop-loss altogether.
avatar
483. IPO/STOCK GURO  Dec 21, 2010 9:37:51 AM IST Reply
Ipo may apna sar mat patko, kus din baad 90% tak discount may shares mil jata hi, ipo market is only for fool investors.
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482. Suresh Duraiswamy  Dec 20, 2010 6:25:18 PM IST Reply
@478. Ravi, Bangalore,

Your comments are realy valuable inputs/lessons for those who wants to be day traders.
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481. devulapalliC  Dec 20, 2010 6:15:17 PM IST Reply

These december listings are killing any interest for listing gains thro' an IPO/FPO.
SCI, MOIL and now Claris!
I invested into SCI and MOIL but now I am forced to hold them both. I cant take the loss on MOIL I am making right now (18K) and I am thinking of getting out of SCI but I am positive about it in 2yrs time! I dont think anybody can ever enter SCI at 130s or MOIL at 441 ever again!
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480. devulapalliC  Dec 20, 2010 6:09:37 PM IST Reply
Ravi@478 Excellent summary on trading

NG@479 I liked your idea into investing into Claris. I know they do have issues right now - the USFDA issues - the fungal contaminations, The issue of a company “Core Healthcare Limited”, which was promoted by a relative (father) of the present promoter of the Claris etc. There was heavy negative inputs during and after the IPO. I am sure the stock will bottom down (may be even to 150 or even less) but then once these issues get sorted out - they are likely to become the market leaders in injectables!
If you have the patience to hold for 2-3 years - I am sure you WILL reap the benefits much more than any pharma company can presently give!! I would say it might touch 600 in 2-3 years but is not going to give you anything this fiscal and the next fiscal!! None whatso ever!
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479. N G  Dec 20, 2010 5:40:16 PM IST Reply
478. Ravi

Thanx a lot for your considerate comments. I would to bring before this forum my style of trading so that they can further comments for things for me to improve:

a) I dont do day trading. I always take delievery.
b) I only do one transaction at NSE and one at BSE, either to buy or sell.
c) I generally take my consious call for selling and buying. Though at the time of buying somtimes I buy at higher level beacuse of over confidence.
d)I always like to invest when nobody is willing to do, backed by scrip fundamentals. Thats why I bought claris 345 at Rs 228.
e) I am traking stock market since I was 18, almost 13 years back.

Finally, I feel that from stock market a common man cannot get rich. He need to use his time and energy for other valuable things. On the other hand, as the stock market is the right reflection of your country/economy and should be a good place to stay on, provided you refrain from speculation. As for long term stock market has only tendency to gain.
avatar
478. Ravi, Bangalore  Dec 20, 2010 4:16:25 PM IST Reply
473. N G

TRADING IS HABIT (BAD)

All traders should have well defined stop-loss & target in mind even before they initiate a trade.

Making money on a "bad" trade - holding a massive losing position, only to have it come back leave you a profit - is one of the worst things that can happen to a trader. Tendencies such as these destroy traders over the long run. By trading like this, traders can come to believe that next time they are holding a losing position it will come back. Unfortunately, if this fails to happen just once, it could wipe out your trading account. The trader may also falsely believe that because jumping in and out of the market without paying attention made money yesterday, it might also work today. This is a risky way to play the market.

Don't deceive yourself into thinking you made a good trade, when in actuality you may have simply gotten lucky.

You can ask yourself a few questions to understand how much your past affects your thinking. Figure out what the opinions of others mean to you:

1. Do you heavily rely on others?
2. Are you hesitant to put your views in this forum due to fear of sounding "stupid"?
3. Do you look to others for approval before you commit to action?
4. Do you constantly speak about your past accomplishments?
5. Do you need input from others in your decision making process?

For those of questionss, your answer is "yes" to many of these, you are fearful to act or commit to a plan of action without external approval. Consider how this affects your stock trading activities; you will quickly realize how fear prevents you from becoming the trader that you know you are or can be.

One of the worst habits that you can form is following what the experts say. Many investors get in the habit of basing their investment decisions on what an investment expert has to say about a topic. For example, an expert might say that everyone should liquidate their shares of MOIL. Based on that recommendation, you sell your shares of the company. As soon as you sell, the price of the stock increases and you miss out on profits. Instead of blindly following the experts, you should form your own opinions about an investment. You want to be able to do your own research and find out everything that you can about an investment before you buy or sell.

One of the biggest problems with investors is that they are constantly looking for the "Holy Grail" of investing. In reality, there is no perfect method of trading or perfect investment. Once you take a loss, forget about it and move on. Adrenaline is a sign that your ego and your emotions have reached a point where they are clouding your judgment. Embracing your opinion leads to financial ruin. In the stock market, heroes get crushed. Take personal responsibility for each trade.

Amateur traders think about how much money they can make on each trade. Professional traders think about how much money they can lose.

There are a few things you should absolutely not do:-

1. Try to pick tops or bottoms.
2. Cancel a stop-loss.
3. Move the profit target.
4. Let a profitable trade turn into a loser.
5. Impose your will on the market (trading with the hope).
6. Never let a day trade turn into an overnight trade or convert into long-term investment.
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477. IPO DRAGON  Dec 20, 2010 4:08:40 PM IST Reply
AS TOLD IN MORNING , IT HIT OUR FIRST TARGET OF 200. REQUEST TO OTHERS NOT TO MISGUIDE OTHER INVESTORS.GIVE TRUE FACTS, DONT SAY THIS/THAT FII/DII IS BUYING OR SELLING, OR DO DARE TO SHORT NOW!

TOMM CALL, WE WILL LET U KNOW IN MORNING
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476. navfame  Dec 20, 2010 4:06:48 PM IST Reply
some very good stocks u can buy for the time frame of 3 months

power grid cmp - 96

shipping coro cmp - 131

ankur drugs cmp - 85

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475. navfame  Dec 20, 2010 4:00:13 PM IST Reply
@ 473

nice decision
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474. Golmaal  Dec 20, 2010 3:59:40 PM IST Reply
sold 3 lots at 221, 219 and 216. Loss of 700 rs on 15k.
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473. N G  Dec 20, 2010 2:55:44 PM IST Reply
claris was my last experiemnt... and it failed. I am going to quit stock market trading all together form now.
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472. sameerjaipur  Dec 20, 2010 2:47:04 PM IST Reply
Dear Gem,
What is happening to VA tech?I'm still holding my allotment.Should I quit?
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471. devulapalliC  Dec 20, 2010 2:17:51 PM IST Reply

@470 KK Natarajan

Did I ask u to follow me Natarajan?
It's always your call and not mine!
As for figures and facts, y should I give them to u!
I only advise! Its upto you to pay heed or move over!!
Dogs do bark when there is a lurking hidden danger, do u bark with them?
I am the dog that warns! My job is half done!!
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470. KK Natarajan  Dec 20, 2010 2:02:46 PM IST Reply
468, Devulapillai C,
How many lakhs did you earn using astrology in share market? If you give with facts and figures we can believe you and follow you.






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