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 Opening Date	Jun 16, 2017
IPO Closing Date	Jun 20, 2017
Issue Type	Book Built Issue IPO
Face Value	₹1 per equity share
IPO Price	₹600 to ₹603 per equity share
Market Lot	24 Shares
Min Order Quantity	24 Shares
Listing At	BSE, NSE
Issue Size	28,875,000 Eq Shares of ₹1 (aggregating up to ₹1,741.16 Cr)
Offer for Sale	28,875,000 Eq Shares of ₹1 (aggregating up to ₹[.] Cr)
Employee Discount	? 60 per share

Eris Lifesciences IPO Tentative Timetable

The Eris Lifesciences IPO open date is Jun 16, 2017, and the close date is Jun 20, 2017. The issue may list on Jun 29, 2017.

IPO Open Date	Jun 16, 2017
IPO Close Date	Jun 20, 2017
Basis of Allotment Date	Jun 23, 2017
Initiation of Refunds	Jun 27, 2017
Credit of Shares to Demat Account	Jun 28, 2017
IPO Listing Date	Jun 29, 2017

Eris Lifesciences IPO Lot Size

The Eris Lifesciences IPO market lot size is 24 shares. A retail-individual investor can apply for up to 13 lots (312 shares or ₹188,136).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	24	₹14,472
Maximum	13	312	₹188,136

Eris Lifesciences IPO Subscription Status (Bidding Detail)

The Eris Lifesciences IPO is subscribed 3.29x times on Jun 20, 2017 17:00. The public issue subscribed 3.51x in the retail category, 4.68x in the QIB category, and 0.45x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	4.68x
NII	0.45x
RII	3.51x
Employee	0.86x
Total	3.29x

Eris Lifesciences IPO Prospectus

› Eris Lifesciences IPO DRHP
› Eris Lifesciences IPO RHP

Eris Lifesciences IPO Rating

850

4.0

Rating:

Vote Here ...

Eris Lifesciences IPO Listing Date

Listing Date	Thursday, June 29, 2017
BSE Script Code	540596
NSE Symbol	ERIS
Listing In	B
ISIN	INE406M01024
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

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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 Lead Manager(s)

Lead Manager Reports

Eris Lifesciences IPO FAQs

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 is priced at ₹600 to ₹603 per equity share. The minimum order quantity is 24 Shares.

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.
When Eris Lifesciences IPO will open?

The Eris Lifesciences IPO opens on Jun 16, 2017 and closes on Jun 20, 2017.
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.
How to apply for Eris Lifesciences IPO?

You can apply in Eris Lifesciences IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
When is Eris Lifesciences IPO listing date?

The Eris Lifesciences IPO listing date is on Thursday, June 29, 2017.

Eris Lifesciences IPO Message Board

Ranked Members

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...

584. VINAYERH |Aug 9, 2017 20:27

Chek for AFHPK6980P

583. ASNI |Aug 8, 2017 18:52

ERIS GOING DOWN PL SUGGEST FUTURE TIME LINE FOR HOLD/SELL

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.

582. Ajmera |Aug 5, 2017 19:35

target may be appox. 940-1000 in 3-4 month

581. Tarun D Agrawal |Jul 30, 2017 17:53

Will the share price go up?

581.1. Mr. Ghosh |Jul 30, 2017 18:27

Wait for few days.

580. RT |Jul 26, 2017 22:20

Eris and Laurus both are going down.

579. DSR |Jul 25, 2017 00:16

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 ..

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?

578.1. Raynmaker |Jul 19, 2017 18:17

Wait till the first result, minimum.

577. Compounder |Jul 16, 2017 03:14

Great to see Eris on top of MF''s buying list.

http://www.moneycontrol.com/news/business/mutual-funds-business/top-14-stocks-which-some-mf-bought-for-the-first-time-in-june-do-you-hold-any-2326605.html

Disclosure: Invested as HNI in IPO.

576. Dn |Jul 14, 2017 13:54

Bought 50 shares@714 & another 50 shares @ 702
Hold or sell

576.1. Prem Nookala |Jul 14, 2017 18:19

It''s a good equity fundamentally. You could go for longterm.

575. nicks Jain |Jul 14, 2017 11:49

Top Contributor (400+ Posts, 600+ Likes)

Definitely good Stocks to keep in Portfolio.
Its only for long term investors....

574. wow |Jul 14, 2017 10:08

its zooming now

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

572. RT |Jul 13, 2017 20:39

I am Eris Lifesciences and now my turn to show the game.

571. BestAnalyst |Jul 6, 2017 21:17

Eris is not moving ... And tejas is running like a horse.

571.1. Raynmaker |Jul 13, 2017 16:48

Check now

571.2. nicks Jain |Jul 13, 2017 17:13

Top Contributor (400+ Posts, 600+ Likes)

In Equity mkt, lots of patience Needed
Just Like in ERIS,we were sure and confident to keep hold

570. nicks Jain |Jul 13, 2017 17:06

Top Contributor (400+ Posts, 600+ Likes)

Eris rocks today
Still holding 7 lots of IPO
Cheers

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

568. Raynmaker |Jul 6, 2017 08:52

Delivery volume since last two days over 50%. Yesterday jumped to 62%

Load more comments (1 replies)

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

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.

567. DSR |Jul 9, 2017 21:52

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?

566. Chem cho |Jun 29, 2017 11:19

IPO Guru (2000+ Posts, 2000+ 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

Load more comments (12 replies)

566.1. AMRISHIPO |Jun 29, 2017 11:21

sir i sold at rs 620 covered at rs 595 thanks for advice

566.2. ShareView |Jun 29, 2017 11:22

IPO Mentor (800+ Posts, 1700+ Likes)

Discount Trading Started

WE & Nidhike Ji saved as we all have avoided this issue considering aggressively priced and poor response regardless GMP factor

Expect closing around 580-585

566.3. Raynmaker |Jun 29, 2017 11:28

It will hold and grow. So all hoping to buy at 560, keep hoping.

566.4. Chennai |Jun 29, 2017 13:11

Good comedy u will not see price below 590 again it went down due to rally from that some new investor bought so they will not sell good to buy now TGT 900+ in 12 months

566.5. VALUE INVESTOR |Jun 29, 2017 13:19

IPO Mentor (900+ Posts, 600+ Likes)

COMEDIANS ARE Raynmaker and chennai who are promoting this company to trap retailers and got their IDs created today.

566.6. Septa |Jun 29, 2017 21:59

IPO Guru (4000+ Posts, 4500+ Likes)

CHEM CHO IT NOT THAT I WOULD LIKE TO COME ALL TIME YOU KNOW PEOPLE LIKE ME ARE VERY BUSY WITH TAX RETURN WITH IT AND THIS YEAR MODI JI HAS MADE US 100 TIME BUSY WITH GST.....

BTW I THOUGHT U AVOIDED THIS IPO OR REMOVED YOUR APPLICATION WHICH WAS GREAT MOVE.......

566.7. Raynmaker |Jun 30, 2017 09:32

@value, I can see that the wind is blowing against my projections, but then I do hold 6000 shares for this and will keep holding.my earlier comment was from my experience that you can not short a good scrip for too long or too far. It eventually bounces up. Most of the big bulls were too busy with the volatile nifty, I expect that to correct today and next week.

566.8. Chem cho |Jul 1, 2017 09:02

IPO Guru (2000+ Posts, 2000+ Likes)

already reached rs 590 .9

566.9. Chem cho |Jul 4, 2017 11:35

IPO Guru (2000+ Posts, 2000+ Likes)

Market up all god stocks up even CDSL id up but Eris is still rs 600 -601

566.10. Chem cho |Jul 4, 2017 18:05

IPO Guru (2000+ Posts, 2000+ Likes)

ERIS CLOSED at Rs 298.5 rs 2.95 in negative side on 4 july 17

listed on 29 july 17

566.11. Maniac |Jul 5, 2017 10:31

Hey! folks...
India government in an unprecedented move has reduced taxes on cigarettes, booze, other recreational products.....Its a boon for lifestyle disorders related pharma companies. One can safely expect a glut of newly diagnosed patients with cancer, Liver / heart ailments in the days to come.
Now this tax deduction would not at all affect the revenue receipts as they have astutely balanced it out by increasing the (taxes on) educational fees / house rents / Hospital Treatments <----- and what not.
I think there can''t be a better opportunity and time to buy every single Liquor, cigarette, hospital, pharma stock that one can get hold of..
In fact I have a suggestion for the government...It''s high time they privatized the Creamatoriums, Cemeteries etc and allow them all to come up with IPOs along with Coffin makers and other cos that may offer Last Rights, Funerals related services... .And I bet they can beat even the CDSLs and DMARTs of the world...:Gosh! I am excited like never before..:

566.12. ShareView |Jul 5, 2017 10:59

IPO Mentor (800+ Posts, 1700+ Likes)

@ dearest maniac
â˜ºðŸ˜ŠðŸ¤—
ðŸ˜ðŸ˜…ðŸ˜‚

ramdev agarwal , nilesh shah , rakesh juhnjuhnwala , s.p tulsion , sudarshan sukhani and any of their bro.
I don''t think anybody has ability to do deep & unique analysis like yours... Keep posting like such posts...

566.13. Maniac |Jul 5, 2017 17:58

@ Shareview

Thanks mate ...:)

566.14. Raynmaker |Jul 13, 2017 11:21

Chem cho did you buy any at 560-570?

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