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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.

Eris Lifesciences IPO Details

IPO DateJun 16, 2017 - Jun 20, 2017
Issue TypeBook Built Issue IPO
Issue Size28,875,000 Eq Shares of ₹1
(aggregating up to ₹1,741.16 Cr)
Offer for Sale28,875,000 Eq Shares of ₹1
(aggregating up to ₹[.] Cr)
Face Value₹1 Per Equity Share
IPO Price₹600 to ₹603 Per Equity Share
Employee Discount₹ 60 per share
Market Lot24 Shares
Min Order Quantity24 Shares
Listing AtBSE, NSE

Eris Lifesciences IPO Tentative Date / Timetable

Bid/Offer Opens OnJun 16, 2017
Bid/Offer Closes OnJun 20, 2017
Finalisation of Basis of AllotmentJun 23, 2017
Initiation of RefundsJun 27, 2017
Credit of Shares to Demat AcctJun 28, 2017
IPO Shares Listing DateJun 29, 2017

Eris Lifesciences IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum124₹14,472
Maximum13312₹188,136

Eris Lifesciences IPO Subscription Status (Bidding Detail)

Eris Lifesciences IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

8,617,500

4,308,750

2,872,500

150,000

15,948,750

Jun 20, 2017 17:00

4.68x

0.45x

3.51x

0.86x

3.29x

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 DateThursday, June 29, 2017
BSE Script Code540596
NSE SymbolERIS
Listing InB
ISININE406M01024
IPO Price₹603 Per Equity Share
Face Value₹1 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹603.00
₹612.00
₹592.30
₹627.70
₹601.05
1,325,550
NSE
₹603.00
₹611.00
₹593.25
₹628.00
₹601.50
7,123,148

Eris Lifesciences IPO Reviews / Ratings

  • Choice Equity Broking Pvt Ltd - Avoid
  • Angel Broking - Subscribe
  • Dilip Davda - Subscribe
  • Hem Securities - Subscribe
  • ICICI Direct - Subscribe
  • S P Tulsian - Subscribe

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
Email: complianceofficer@erislifesciences.com
Website: http://eris.co.in/

Eris Lifesciences IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: eris.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Eris Lifesciences IPO FAQs

  1. 1. What is Eris Lifesciences IPO?

    Eris Lifesciences IPO is a main-board IPO of 28,875,000 equity shares of the face value of ₹1 aggregating up to ₹1,741.16 Crores.

    The issue price of the IPO is ₹600 to ₹603 Per Equity Share. The minimum order quantity is 24 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Jun 16, 2017 and closes on Jun 20, 2017.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Eris Lifesciences IPO will open?

    The Eris Lifesciences IPO opens on Jun 16, 2017 and closes on Jun 20, 2017.

  3. 3. How to apply for Eris Lifesciences IPO?

    Eris Lifesciences IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Eris Lifesciences IPO allotment?

    The finalization of Basis of Allotment for Eris Lifesciences IPO will be done on Jun 23, 2017, and the allotted shares will be credited to your demat account by Jun 28, 2017. Check the Eris Lifesciences IPO allotment status.

  5. 5. When is Eris Lifesciences IPO listing date?

    The Eris Lifesciences IPO listing date is on Thursday, June 29, 2017, at BSE, NSE.
  6. 6. What is the lot size of Eris Lifesciences IPO?

    Eris Lifesciences IPO lot size is 24 Shares and the minimum order quantity is 24 Shares.

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Eris Lifesciences IPO Review / Comments

ipobazaar
585. ipobazaar  Aug 11, 2017 10:53
very poor listing....thats why GMP never guide us...now please dont blame on market condition..SiS was listed yesterday and atleast opened on higher notes not like cochin shipyard...
i am lucky that i did not get allotment in shipyard...lets see what happens after listing...
VINAYERH
584. VINAYERH  Aug 9, 2017 20:27
Chek for AFHPK6980P
ASNI
583. ASNI  Aug 8, 2017 18:52
ERIS GOING DOWN PL SUGGEST FUTURE TIME LINE FOR HOLD/SELL
Compounder
583.1. Compounder  Aug 9, 2017 02:39
Decision to sell or hold depends on your holding period. On a v conservative basis, expect the next 3 year CAGR growth to be @ 25% (2017 PAT growth was 79%) which will take the EPS to Rs. 34.3 per share. Even at a P/E multiple of 35 (reasonable for a company with 25% earnings growth and secular domestic consumption story), this stock will be at minimum Rs. 1200 by FY 20. That''s a whopping 117% return from the current price. If this return does not satisfy some people, not sure what does. This is a long term coumpounding machine run by owner operator who has skin in the game. Just hold tight for the next 2 quarters at least till the results are out and see the magic.
Ajmera
582. Ajmera  Aug 5, 2017 19:35
target may be appox. 940-1000 in 3-4 month
Tarun D Agrawal
581. Tarun D Agrawal  Jul 30, 2017 17:53
Will the share price go up?
Mr. Ghosh
581.1. Mr. Ghosh  Jul 30, 2017 18:27
Wait for few days.
RT
580. RT  Jul 26, 2017 22:20
Eris and Laurus both are going down.
DSR
579. DSR  Jul 25, 2017 00:16
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
This is now close to open price. I believe for those wh did not get allotment now is the god time t buy or ..should wait more for the market to correct...secondary market has become too risky ..
SACHIN MEHTA
578. SACHIN MEHTA  Jul 19, 2017 17:58
Hello Sapta Sir and Eagle eye Mam...Please suggest me about Eris Lifescience..Whether we hold or sell the stock..and if hold how much time to hold for good return...and what is your views on this stock?
Raynmaker
578.1. Raynmaker  Jul 19, 2017 18:17
Wait till the first result, minimum.
Compounder
577. Compounder  Jul 16, 2017 03:14
Dn
576. Dn  Jul 14, 2017 13:54
Bought 50 shares@714 & another 50 shares @ 702
Hold or sell
Prem Nookala
576.1. Prem Nookala  Jul 14, 2017 18:19
It''s a good equity fundamentally. You could go for longterm.
nicks Jain
575. nicks Jain  Jul 14, 2017 11:49
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Definitely good Stocks to keep in Portfolio.
Its only for long term investors....
wow
574. wow  Jul 14, 2017 10:08
its zooming now
AHM
573. AHM  Jul 13, 2017 22:26
Eris Life science Fundamentally Good company
One can continue to hold for ST/MT.

Tomorrow again we will upside
Today closing price 676.95
RT
572. RT  Jul 13, 2017 20:39
I am Eris Lifesciences and now my turn to show the game.
BestAnalyst
571. BestAnalyst  Jul 6, 2017 21:17
Eris is not moving ... And tejas is running like a horse.
Raynmaker
571.1. Raynmaker  Jul 13, 2017 16:48
Check now
nicks Jain
571.2. nicks Jain  Jul 13, 2017 17:13
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
In Equity mkt, lots of patience Needed
Just Like in ERIS,we were sure and confident to keep hold
nicks Jain
570. nicks Jain  Jul 13, 2017 17:06
Top Contributor Top Contributor (300+ Posts, 400+ Likes)
Eris rocks today
Still holding 7 lots of IPO
Cheers
Raynmaker
569. Raynmaker  Jul 13, 2017 16:38
37 L shares traded today and Closed At 696, up 12.6%. Where are the people who were waiting to buy at 550-570?
@Septa ji profits Mubarak ho.
I am still holding and will not sell below 1,000
Raynmaker
568. Raynmaker  Jul 6, 2017 08:52
Delivery volume since last two days over 50%. Yesterday jumped to 62%
Raynmaker
568.2. Raynmaker  Jul 6, 2017 15:00
Now that AU allocation is out and funds will be released, let''s see how this one behaves. Allocation has been low in HNI
Raynmaker
568.3. Raynmaker  Jul 11, 2017 16:41
Hit a High of 632. It was magical. Just zoomed and zoomed and zoomed. Still holding, wont let go below 1,000, whatever time it takes.
DSR
567. DSR  Jul 9, 2017 21:52
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
One off track question:

I am using HDFsec for trading: My demat account, trading and savings account all are with HDFC.

I am now thinking of opening demat account for my wife. Could anyone suggest where should I open it ? And would it be possible to use the new account for trading through HDFCsec?
Chem cho
566. Chem cho  Jun 29, 2017 11:19
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Good buy at Rs 560 to Rs 570
wait and watch
I always come on site at time of listing ,
where experts do not dare to give comments from 10 am to 3 pm

bye no more time to spare in this site
Maniac
566.13. Maniac  Jul 5, 2017 17:58
@ Shareview

Thanks mate ...:)
Raynmaker
566.14. Raynmaker  Jul 13, 2017 11:21
Chem cho did you buy any at 560-570?



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