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Eris Lifesciences Limited IPO (Eris Lifesciences IPO) Detail

Jun 16, 2017 - Jun 20, 2017

Incorporated in 2007, Eris Lifescience Ltd is Ahmedabad, Gujrat based pharmaceutical company engaged in research, development, manufacturing and selling of select therapeutic areas within the chronic and acute categories of the Indian Pharmaceutical Market.

Eris product portfolio is primarily focused on therapeutic areas which require the intervention of super specialist and specialist doctors such as Diabetologists, Endocrinologists Cardiologists, and Gastroenterologists.

Eris products in the chronic category cater primarily to the therapeutic areas including cardiovascular, anti-diabetics and neurology, chronic respiratory and chronic pain (analgesics).

In acute category, the product portfolio includes vitamins, gastroenterology, anti-infectives, gynaecology, cute respiratory, acute pain (analgesics), hepatoprotectives, hormones, hematology, dermatology, anti-obesity products and products for injury healing.

Eris Lifescience own and operate a manufacturing facility in Guwahati, Assam. They also outsource the manufacturing of certain of its products to 20 manufacturers. Eris strong sales team comprised of 1,310 marketing representatives.

Eris Lifescience Strengths:

• Focus on branded prescription based pharmaceutical products catering to lifestyle related disorders
• Portfolio of high volume and leading brands
• Focus on metro cities and class 1 towns in India which have higher incidence of lifestyle disorders and concentration of specialists and super specialists
• Multi-faceted product selection and engagement model leading to growth in prescription
• Strong sales, marketing and distribution capabilities

Company Promoters:

The Promoters of the Company are:
1. Mr. Amit Indubhushan Bakshi,
2. Mr. Himanshu Jayantbhai Shah,
3. Mr. Inderjeet Singh Negi,
4. Mr. Rajendrakumar Rambhai Patel and
5. Mr. Kaushal Kamlesh Shah.

Company Financials:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 3,973.59 3,572.85 2,705.99 1,718.05 1,019.67
Total Revenue 5,970.21 5,455.58 5,088.22 3,930.64 2,739.40
Profit After Tax 1,348.58 892.59 709.12 584.40 370.63

Objects of the Issue:

The objects of the Offer are:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. For the sale of up to 28,875,000 Equity Shares by the Selling Shareholders.

Issue Detail:

  »»  Issue Open: Jun 16, 2017 - Jun 20, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 28,875,000 Equity Shares of Rs 1 aggregating up to Rs 1,741.16 Cr
    ›  Offer for Sale of 28,875,000 Equity Shares of Rs 1 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 1 Per Equity Share
  »»  Issue Price: Rs 600 - Rs 603 Per Equity Share
  »»  Market Lot: 24 Shares
  »»  Minimum Order Quantity: 24 Shares
  »»  Listing At: BSE, NSE

Discount to eligible employees

Eris Lifesciences is offering discount of ₹60 per share to eligible employees.

Eris Lifesciences IPO Reviews:

  1. Eris Lifesciences Limited IPO review by Dilip Davda

Eris Lifesciences IPO Recommendations:

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Angel Broking - Subscribe
ICICIDirect - Subscribe
SP Tulsian - Subscribe
Choice Equity Broking - Avoid

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved8,617,5004,308,7502,872,500150,00015,948,750
Day 1 - Jun 16, 2017 17:00 IST0.07000.02000.41000.00000.1200
Day 2 - Jun 19, 2017 17:00 IST0.82000.03001.68000.33000.7500
Day 3 - Jun 20, 2017 17:00 IST4.68000.45003.51000.86003.2900

Eris Lifesciences IPO Prospectus

Eris Lifesciences IPO Rating

850
4.0
Rating:Rated 4.0 stars

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Eris Lifesciences IPO Listing Date

  •   ›  Listing Date: Thursday, June 29, 2017
  •   ›  BSE Script Code: 540596
  •   ›  NSE Symbol: ERIS
  •   ›  Listing In: ‘B’ Group of Securities
  •   ›  ISIN: INE406M01024
  •   ›  Issue Price: Rs 603 Per Equity Share
  •   ›  Face Value: Rs 1 Per Equity Share

Eris Lifesciences IPO News Alerts

  1. Thursday, June 29, 2017 12:00:00 AM
    Eris Lifesciences Limited IPO - Listing
  2. Saturday, June 24, 2017 12:00:00 AM
    Eris Lifesciences Limited IPO - Allotment
  3. Tuesday, June 20, 2017 12:00:00 AM
    Eris Lifesciences Limited IPO - Close
  4. Friday, June 16, 2017 12:00:00 AM
    Eris Lifesciences Limited IPO - Open

Company Contact Information

Eris Lifesciences Limited
7th Floor, Commerce House IV,
Beside Shell Petrol Pump, 100 Feet Road,
Prahladnagar, Ahmedabad 380 015
Phone: +91 79 3045 1111
Fax: +91 79 3017 9404
Email: complianceofficer@erislifesciences.com
Website: http://eris.co.in/

Eris Lifesciences 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: eris.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Eris Lifesciences IPO Review / Comments

avatar
509. Patterns  Jun 28, 2017 6:04:09 PM IST I Like It. 1 | Report Abuse Reply
Eris is next S Chand...
Disclaimer : I did not apply nor I will buy at any cost from market.

Guys this issue never make any sense ... people are mad for IPO... People are finding useless reasons to justify loot of Promoters... like this issue is highly overpriced... and punters are saying it is debt free company works in Indian Market ... Can you explain weather it is better than Abbott, Novartis India and similar other MNC pharma which are listed in India to sell products in India only and are cash rich with established brands... So why one sensible guy will buy this at double the price of others...Regarding growth/CAGR, which we all knew is how much manipulated to milk returns through IPO exists...
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509.3. Pokemongo  Jun 28, 2017 9:13:49 PM IST I Like It. | Report Abuse
i think i agree with you.. even though raymaker.. novartis is a global company.. people dont exit novartis and hold on for years which will not happen in case of eris.. i am sure the ipos of 2016 and 2017 will all be punctured in a few years.. so eris is highly overpriced for a ahmedabad based company!!
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509.4. Raynmaker  Jun 29, 2017 12:09:40 AM IST I Like It. | Report Abuse
@pokemongo as far as ahmedabad based companies go, I am sure you are following infibeam, which tripled in value inside a year, when there were enough naysayers around. For eris, every single opinion maker of note has come out and said buy. This includes prudes like tulsiayan.
@kenny of course if I claim to know the opening price tomorrow, I would be speculating. Market is down and some fools might have just invested and now needing their money badly after nifty slips since last two days. So I will just say that I am not letting go of my 6000 shares for anything below 1000; even then, I will book partial profits to recover cost and then hold the rest for long term
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508. ARATII  Jun 28, 2017 9:42:48 PM IST I Like It. 1 | Report Abuse Reply
Keep strict stop loss on this stock , Eris Lifesciences this stock is likely to slide fast ,after listing be watchful
best of luck
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508.1. STOCKT  Jun 28, 2017 10:30:15 PM IST I Like It. 2 | Report Abuse
Hahah u look eager to buy. Debt free cash rich company with high growth trajectory.always been in profits and rising .it''s a buy stock for long run
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507. Value Seeker  Jun 27, 2017 12:13:36 PM IST I Like It. 1 | Report Abuse Reply
I had applied for maximum lots in retail category at cut off price. How is it that I''ve received nil allotment?
Is it possible or something is fishy in allotment process?
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507.4. Fugit  Jun 28, 2017 12:26:01 PM IST I Like It. | Report Abuse
@Value Seeker
That is correct, you had equal chances as any other applicant since the no. of applications at cutoff was clearly more than 1x for retail category.
I had also applied for one lot and did not get allotment, i feel nothing fishy here since the lottery probability should have been around 1/3 or at best 1/2.5.
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507.5. Vikas Lohia  Jun 28, 2017 10:30:00 PM IST I Like It. | Report Abuse
I applied only for one lot. Got allotment
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506. updater  Jun 28, 2017 8:48:14 PM IST I Like It. 1 | Report Abuse Reply
Its Not link with USFDA....ROE>45% you will get then its wonderful..Hawkins Cooker and Colgate only can beat this..
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505. STOCKT  Jun 28, 2017 7:45:09 PM IST I Like It. 1 | Report Abuse Reply
Expected listing at 5 pc upside but hold and add more for long term gains
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504. Bullish  Jun 28, 2017 12:58:53 PM IST I Like It. 9 | Report Abuse Reply
Tomorrow Eris will list @800+ enjoy allottees
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504.4. Kenny  Jun 28, 2017 7:26:58 PM IST I Like It. | Report Abuse
Lol sagar, this guy is way to Optimistic. :D haha
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504.5. nicks Jain  Jun 28, 2017 7:39:45 PM IST I Like It. 3 | Report Abuse
800 is something beyond expectations.
It shall list around 620-650 level only
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503. Krish R Modi  Jun 28, 2017 6:48:38 PM IST I Like It. 1 | Report Abuse Reply
No any premium
Discount
Other choice is alkem lab very chief
So buy alkem lab and ajanta pharma
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503.1. nicks Jain  Jun 28, 2017 7:38:32 PM IST I Like It. 1 | Report Abuse
Its best Pharma Company.
Even lists at discount, can be hold or bought.
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502. raju patel  Jun 28, 2017 5:51:45 PM IST I Like It. 1 | Report Abuse Reply
Expecting 5 to 7% + listing.
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501. IPO Bhavnagar  Jun 28, 2017 5:28:01 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Expecting listing in the range of 600-625 tomorrow.. +/- 1%
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500. DevManhas  Jun 28, 2017 12:58:57 PM IST I Like It. | Report Abuse Reply
This listing is on market expiry date ( tomorrow) . Will this affect its listing ?
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500.1. IPO Bhavnagar  Jun 28, 2017 5:26:43 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
No connection between Listing and Expiry.. I dont see any effect
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499. IPO Bhavnagar  Jun 28, 2017 5:25:22 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Last GMP heard was, Only Sellers at Rs. 12.. No Buyers.. No trades taking place..
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498. Faisal  Jun 28, 2017 4:47:02 PM IST I Like It. | Report Abuse Reply
Final GMP?
Anyone knows?
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497. nicks Jain  Jun 27, 2017 7:05:51 PM IST I Like It. 4 | Report Abuse Reply
Even Listing in Discount, i will advise to hold on.
Because its debt free company and its not worried about USFDA Rules and Regulations.
Fund based buying shall come if it gets listed at par or discount.
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497.1. nicks Jain  Jun 28, 2017 4:11:41 PM IST I Like It. 1 | Report Abuse
Hopefully listing shall be in premium
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496. Moinuddin  Jun 28, 2017 3:34:48 PM IST I Like It. | Report Abuse Reply
Bob Abhe tak Amunt blok he Kese ka Amunt realise hua keya eris
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496.1. Deven  Jun 28, 2017 4:02:43 PM IST I Like It. | Report Abuse
Yes amount released by ICICI...
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495. Value Seeker  Jun 28, 2017 3:51:23 PM IST I Like It. | Report Abuse Reply
@Fugit

Okay. Well then I have another query, does that mean its futile to apply for more than one lot if the issue is subscribed more than 100% in retail category or any other category for that matter. I was under the impression that even if its oversubscribed one has more chances of getting at least one lot if I am applying for maximum lot. I mean for eg. in case of ERIS if I am applying for 13 lots then in the lucky draw my chances goes 13x compared to 1x if I apply for one lot.
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494. Krish R Modi  Jun 28, 2017 1:49:46 PM IST I Like It. 2 | Report Abuse Reply
Listing 553rs and buy at that time
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494.1. PDDP  Jun 28, 2017 1:52:30 PM IST I Like It. 13 | Report Abuse
We understand your feeling bro...You didn''t get allocated...lolz
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493. MKG  Jun 28, 2017 1:22:12 PM IST I Like It. | Report Abuse Reply
Just checked, bad luck continue for this IPO also...
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492. CPH  Jun 28, 2017 9:29:41 AM IST I Like It. 2 | Report Abuse Reply
For SBI ------ Neither money debited for 1 lot nor money released for 4 lots......
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492.2. CPH  Jun 28, 2017 12:50:38 PM IST I Like It. 1 | Report Abuse
Just now got SMS from SBI,

Amount debited for alloted lot & lien released towards unallotment.
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492.3. CHOCKALINGAM  Jun 28, 2017 1:01:00 PM IST I Like It. | Report Abuse
The same with UCO BANK , alloted 2 lots but account not debited nor lien released for the remaining lots.
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491. N Dimri  Jun 28, 2017 12:29:26 PM IST I Like It. | Report Abuse Reply
It may be another Alkem labs.
Just hold on who have been allotted.
avatar
490. saatvik  Jun 28, 2017 11:25:13 AM IST I Like It. | Report Abuse Reply
what is the chances of opening eric science lif
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