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Laurus Labs Ltd IPO (Laurus Labs IPO) Detail

Dec 6, 2016 - Dec 8, 2016

Incorporated in 2005, 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.

Laurus Labs operates in four business lines:
1. Generics active pharmaceutical ingredients (APIs) - The development, manufacture and sale of APIs and advanced intermediates.
2. Generics finished dosage forms (FDFs) - The development and manufacture of oral solid formulations.
3. Synthesis - Contract development and manufacturing services for global pharmaceutical companies.
4. Ingredients - The manufacture and sale of specialty ingredients for use in the nutraceutical and cosmeceutical sectors.

Key Highlights:
1. Laurus Labs launched 59 products since our inception in 2005.
2. Nine out of the 10 largest generic pharmaceutical companies in the world are its customers.
3. Laurus Labs employed 587 scientists at our R&D center in Hyderabad and 12 scientists at R&D centre in Greater Boston USA.
4. The Company owned 32 patents and had 150 pending patent applications, in several countries.
5. Company has three manufacturing facilities in Visakhapatnam, Andhra Pradesh.
6. Company sells its products in 32 countries in Sub-Saharan Africa, South-East Asia and Latin America.

Key Strengths:
1. Leadership in APIs in Select, High Growth Therapeutic Areas
2. Strong R&D Capabilities and Process Chemistry Skills
3. Industry Leading, Modern and Regulatory Compliant Manufacturing Capacities
4. Long-standing Relationships with Multi-National Pharmaceutical Companies
5. Experienced Promoters and Qualified Operational Personnel
6. Established Track Record of Delivering Growth

Company Promoters:

The Promoters of the company are:

1. Dr Satyanarayana Chava
2. Naga Rani Chava
3. Dr Raju Srihari Kalidindi
4. Ravi Kumar V V and
5. Dr Lakshmana Rao C V

Company Financials:

Summary of financial Information
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 23,083.48 18,925.49 12,730.58 7,009.89 5,128.78
Total Revenue 17,884.15 13,603.80 11,685.34 7,235.67 4,523.07
Profit After Tax (PAT) 1,435.68 735.17 972.17 882.19 215.77

Objects of the Issue:

The object of the issue are to:
1. Pre-payment of term loans; and
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: Dec 6, 2016 - Dec 8, 2016
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size:
    ›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 300.00 Cr
    ›  Offer for Sale of 24,107,440 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 426 - Rs. 428 Per Equity Share
  »»  Market Lot: 35 Shares
  »»  Minimum Order Quantity: 35 Shares
  »»  Listing At: BSE, NSE

Laurus Labs IPO Reviews:

  1. Laurus Labs Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved6,174,5444,623,87910,789,051323,83421,911,308
Day 1 - Dec 6, 2016 17:00 IST0.71000.16000.10000.04000.2800
Day 2 - Dec 7, 2016 17:00 IST1.02000.54000.39000.98000.6100
Day 3 - Dec 8, 2016 18:18 IST10.53953.57441.58031.70844.5282

Laurus Labs IPO Prospectus

Laurus Labs IPO Rating

774
4.2
Rating:Rated 4.2 stars

Vote Here ...

Laurus Labs IPO Listing Date

  •   ›  Listing Date: Monday, December 19, 2016
  •   ›  BSE Script Code: 540222
  •   ›  NSE Symbol: LAURUSLABS
  •   ›  Listing In: ‘B’ Group of Securities
  •   ›  ISIN: INE947Q01010
  •   ›  Issue Price: Rs. 428.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 428.00
Open:Rs. 490.00
Low:Rs. 475.00
High:Rs. 498.00
Last Trade:Rs. 480.50
Volume:3,952,346
NSE
Rs. 428.00
Rs. 489.90
Rs. 475.00
Rs. 498.00
Rs. 480.40
17,548,335

Laurus Labs IPO News Alerts

  1. Monday, December 19, 2016 12:00:00 AM
    Laurus Labs Ltd IPO - Listing
  2. Thursday, December 15, 2016 12:00:00 AM
    Laurus Labs Ltd IPO - Allotment
  3. Thursday, December 8, 2016 12:00:00 AM
    Laurus Labs Ltd IPO - Close
  4. Tuesday, December 6, 2016 12:00:00 AM
    Lauras Labs Ltd IPO - Open

Company Contact Information

Laurus Labs Ltd
Plot No.21,
Jawaharlal Nehru Pharma City,
Parawada, Visakhapatnam 531 021
Phone: + 91 40 3980 4333
Fax: +91 40 3980 4320
Email: secretarial@lauruslabs.com
Website: http://www.lauruslabs.com

Laurus Labs IPO Registrar

Karvy Computershare Private Limited   »  Report
   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: einward.ris@karvy.com
Website: http://karisma.karvy.com

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Laurus Labs IPO Review / Comments

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1270. Jaikishan  Jan 21, 2017 4:34:52 PM IST | I Like It. | Report Abuse Reply
What Monday target on lauruslab
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1269. Jaikishan  Jan 21, 2017 4:34:50 PM IST | I Like It. | Report Abuse Reply
What Monday target on lauruslab
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1268. Jaikishan  Jan 21, 2017 4:34:48 PM IST | I Like It. | Report Abuse Reply
What Monday target on lauruslab
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1267. IPO Riders  Jan 19, 2017 11:23:17 PM IST | I Like It. | Report Abuse Reply
Dear all Eagleye have already told to hold lauras labs. Please see in BSE page or grey market premium section
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1266. SaSa  Jan 19, 2017 6:33:51 PM IST | I Like It. | Report Abuse Reply
Wooh....Eagleye madam - so accurate about 52wk high :)
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1265. Rkg  Jan 18, 2017 8:57:42 PM IST | I Like It. | Report Abuse Reply
Those who were following egleeye waited for 1 full month .Her comments for further action are still being saught.Ee pl. advise.
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1264. Jaikishan  Jan 18, 2017 9:35:01 AM IST | I Like It. | Report Abuse Reply
Target for weak end
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1263. Akrajwaniya  Jan 18, 2017 8:17:35 AM IST | I Like It. | Report Abuse Reply
target upto diwali???
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1262. Super Trader  Jan 17, 2017 8:54:03 AM IST | I Like It. 1 | Report Abuse Reply
Short term is not good for Pharma industry. investors shy away from this sector, you never know when the company will receive FDA notice, no matter how reputed the company is. we have seen this in divis lab.
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1261. Jaikishan  Jan 13, 2017 5:05:55 PM IST | I Like It. | Report Abuse Reply
What should I do I have 4000qtshare
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1260. Jaikishan  Jan 13, 2017 4:58:36 PM IST | I Like It. | Report Abuse Reply
What should I do I have 4000qtshare
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1259. CA M&co.Jodhpur  Jan 13, 2017 4:35:39 PM IST | I Like It. 7 | Report Abuse Reply
New 52 week high touch 499 today. unmove continue on Monday.
Next target 525-538
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1258. Moneymatters  Jan 13, 2017 2:08:17 PM IST | I Like It. | Report Abuse Reply
Gamblebhai,
what is your view on muthoot capital??
aaj usme fas gaya... 254 pe.
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1258.1. gamble  Jan 13, 2017 7:29:46 PM IST | I Like It. | Report Abuse
Not tracking currently....sorry moneymattersji...
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1258.2. Moneymatters  Jan 13, 2017 8:35:10 PM IST | I Like It. | Report Abuse
It''s all right dear...
Laurus has started its journey again.
What could be proper price to exit?? Or we should never sell it??
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1257. Jaikishan  Jan 12, 2017 6:11:28 PM IST | I Like It. | Report Abuse Reply
Pl give the result date of lauras what is policy in monday
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1257.1. SONMAYA  Jan 13, 2017 1:10:07 PM IST | I Like It. | Report Abuse
24...
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1256. RAJGURU  Jan 12, 2017 11:19:23 AM IST | I Like It. | Report Abuse Reply
ITS DAY FOR LAURAS..
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1255. Jaikishan  Jan 12, 2017 10:55:17 AM IST | I Like It. | Report Abuse Reply
Pl define results date so we can hold
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1254. CA M&co.Jodhpur  Jan 12, 2017 10:36:57 AM IST | I Like It. | Report Abuse Reply
Buy Laurus lab at current level.give good return on result date
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1254.1. Jaikishan  Jan 12, 2017 6:19:25 PM IST | I Like It. | Report Abuse
What target in one weak
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1254.2. Jaikishan  Jan 12, 2017 6:19:26 PM IST | I Like It. | Report Abuse
What target in one weak
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1254.3. Eagleye  Jan 14, 2017 11:55:07 AM IST | I Like It. 1 | Report Abuse
CS Sahab Jodhpur ... Superb call !!
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1253. Jaikishan  Jan 12, 2017 10:36:03 AM IST | I Like It. | Report Abuse Reply
Pl be clear in lauras egleeye so we can understand
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1252. SPARTA  Jan 11, 2017 10:16:42 PM IST | I Like It. | Report Abuse Reply
Hi gamble.
what is your expectation for nse levels in next 2 to 3 months
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1252.1. gamble  Jan 12, 2017 8:09:34 AM IST | I Like It. 1 | Report Abuse
I was expecting nifty to 8350 in jan series....but Nifty doing very well then all of us ever thought....near .8450* will b max lvl in this expiry (imo) .....clear view can predict after budget.

Till then if u bought near 7900 then u book partial @8400 is inevitable.


gamble Dec 27, 2016 9:50:58 PM IST
Laurus Labs Ltd IPO

That''''''''''''''''s the fair tgt but i m expecting some more green shoot out till 8075/8100 in cmng 2 trades ....!!

However Jan expiry is the only key for 8350(FIIs helps reqd.)


still fII not cAme...!!
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1251. Eagleye  Jan 11, 2017 8:13:51 PM IST | I Like It. 5 | Report Abuse Reply
Laurus IPO

Anchor lock-in will be open on Monday, 16th January 2016
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1251.1. COMMONMAN  Jan 11, 2017 8:50:29 PM IST | I Like It. | Report Abuse
I am Still Holding ... In That Case what is your view on it ? Shall I continue To Hold r sell it ?
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1251.2. gamble  Jan 12, 2017 7:55:14 AM IST | I Like It. | Report Abuse
So u wanna say 500+ expected till monday?
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1251.3. AmarDomadiya  Jan 12, 2017 3:48:24 PM IST | I Like It. | Report Abuse
@Eagleye, @gamble....End of lock-in period means they can sale from their IPO Investments....so price is likely to go down.

Or lock-in period means they can neither purchase shares from secondary market and Anchors are likely to start buying after lock-in period?
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1251.4. gamble  Jan 12, 2017 4:58:25 PM IST | I Like It. 2 | Report Abuse

@Amar ur 1st view is right ...but if they want to sell at higher price(after lock-in period) then they(hypothetically) have to buy before frm secondary mkt.....

Nothing is sure ~~
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1251.5. TheBeginner  Jan 13, 2017 12:36:26 PM IST | I Like It. | Report Abuse
@gamble @Eageleye .... Please guide to hold or to sell laurus labs ?
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1251.6. P JOSEPH  Jan 13, 2017 9:00:55 PM IST | I Like It. | Report Abuse
Does it mean that price will go down due to selling pressure.
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