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.

Laurus Labs IPO Details

IPO Opening Date	Dec 6, 2016
IPO Closing Date	Dec 8, 2016
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹426 to ₹428 per equity share
Market Lot	35 Shares
Min Order Quantity	35 Shares
Listing At	BSE, NSE
Issue Size	31,116,785 Eq Shares of ₹10 (aggregating up to ₹1,331.80 Cr)
Fresh Issue	7,009,345 Eq Shares of ₹10 (aggregating up to ₹300.00 Cr)
Offer for Sale	24,107,440 Eq Shares of ₹10 (aggregating up to ₹1,031.80 Cr)

Laurus Labs IPO Tentative Timetable

The Laurus Labs IPO open date is Dec 6, 2016, and the close date is Dec 8, 2016. The issue may list on Dec 19, 2016.

IPO Open Date	Dec 6, 2016
IPO Close Date	Dec 8, 2016
Basis of Allotment Date	Dec 14, 2016
Initiation of Refunds	Dec 15, 2016
Credit of Shares to Demat Account	Dec 16, 2016
IPO Listing Date	Dec 19, 2016

Laurus Labs IPO Lot Size

The Laurus Labs IPO market lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹194,740).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	35	₹14,980
Maximum	13	455	₹194,740

Laurus Labs IPO Subscription Status (Bidding Detail)

The Laurus Labs IPO is subscribed 4.53x times on Dec 8, 2016 18:18. The public issue subscribed 1.58x in the retail category, 10.54x in the QIB category, and 3.57x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	10.54x
NII	3.57x
RII	1.58x
Employee	1.71x
Total	4.53x

Laurus Labs IPO Prospectus

› Laurus Labs IPO DRHP
› Laurus Labs IPO RHP

Laurus Labs IPO Rating

774

4.2

Rating:

Vote Here ...

Laurus Labs IPO Listing Date

Listing Date	Monday, December 19, 2016
BSE Script Code	540222
NSE Symbol	LAURUSLABS
Listing In	B
ISIN	INE947Q01010
IPO Price	₹428 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹428.00
₹490.00
₹475.00
₹498.00
₹480.50
3,952,346

NSE
₹428.00
₹489.90
₹475.00
₹498.00
₹480.40
17,548,335

Laurus Labs IPO Reviews / Ratings

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Company Contact Information

Laurus Labs Ltd
Plot No.21,
Jawaharlal Nehru Pharma City,
Parawada, Visakhapatnam 531 021

Phone: + 91 40 3980 4333
Email: secretarial@lauruslabs.com
Website: http://www.lauruslabs.com

Laurus Labs IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Laurus Labs IPO Lead Manager(s)

Lead Manager Reports

Laurus Labs IPO FAQs

What is Laurus Labs IPO?

Laurus Labs IPO is a main-board IPO of 31,116,785 equity shares of the face value of ₹10 aggregating up to ₹1,331.80 Crores. The issue is priced at ₹426 to ₹428 per equity share. The minimum order quantity is 35 Shares.

The IPO opens on Dec 6, 2016, and closes on Dec 8, 2016.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Laurus Labs IPO will open?

The Laurus Labs IPO opens on Dec 6, 2016 and closes on Dec 8, 2016.
What is the lot size of Laurus Labs IPO?

Laurus Labs IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.
How to apply for Laurus Labs IPO?

You can apply in Laurus Labs 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 Laurus Labs IPO allotment?

The finalization of Basis of Allotment for Laurus Labs IPO will be done on Dec 14, 2016, and the allotted shares will be credited to your demat account by Dec 16, 2016. Check the Laurus Labs IPO allotment status.
When is Laurus Labs IPO listing date?

The Laurus Labs IPO listing date is on Monday, December 19, 2016.

Laurus Labs IPO Message Board

Ranked Members

1304. Hardik Chudgar |Feb 21, 2017 15:10

Laurus jumps around 518. Should wait or exit??

1303. nona |Feb 21, 2017 12:52

gamble ji

lauras lab kab jagega

thank u

1302. A patel..Gujarat.. |Feb 16, 2017 13:24

Laurus exit tatget 428..few days..exit.. issue prise coming up..

1301. rvr |Feb 16, 2017 09:14

laurus will sail to 580 shortly

1300. rvr |Feb 16, 2017 09:14

LAURUS will reach 580 in 2 days...

1299. A patel..Gujarat.. |Feb 15, 2017 14:58

Exit laurus lab. And Buy Sun farma...Best Retun in Short time..

1298. NPT |Feb 10, 2017 20:01

Top Contributor (200+ Posts, 300+ Likes)

I have positive outlook on Laurus Labs for the 4th quarter result because company will be benefitted from operation of its new unit which started production in Nov 2016. The company is expected to get some parents during the quarter. Company bottom line will improve because of payment of debts to the tune of R''s.226 crores from the ipo proceeds. There is a chance that in the short run it may test R''s.480 level again.

1298.1. AKH |Feb 11, 2017 13:35

IPO Mentor (900+ Posts, 700+ Likes)

The company is expected to get "Some Parents" what is this ?

1298.2. NPT |Feb 11, 2017 16:24

Top Contributor (200+ Posts, 300+ Likes)

It is a typing mistake. It is patent, not parents.

1297. CLD |Feb 10, 2017 12:12

IPO Mentor (500+ Posts, 100+ Likes)

No body is answering the question of people about selling or holding of the shares they are holding. I have already got my whats up group members to book part profits yesterday at 560. I don''t know why people are not helping others. No body is expert in market still experienced people can give suggestions. My previous posts can be seen by clicking on my name.

Load more comments (2 replies)

1297.3. Shivajee |Feb 16, 2017 07:47

IPO Mentor (700+ Posts, 100+ Likes)

I like this post by CLD. True. But gamble is very helpful, he responds to questions by the inexperienced.

Nobody says how they became experts also. It is better to teach people how to catch fish rather than catching them, cooking and then feeding to people.

1297.4. nona |Feb 16, 2017 12:00

shivajee sir

I do agree with YOU

1296. gamble |Feb 10, 2017 09:20

IPO Guru (1600+ Posts, 3900+ Likes)

Avg. set of numbers.
...stock already priced in this type of no.s

1295. VALUE INVESTOR |Feb 10, 2017 04:48

IPO Mentor (900+ Posts, 600+ Likes)

http://www.moneycontrol.com/news/results/laurus-labs-net-profit175-to-rs472-croreq3_8465141.html

Laurus Laboratories posted a 17.5 percent increase in net profit to Rs 47.2 crore in the third quarter ended December on account of larger uptake of its API business.

1295.1. Cbm |Feb 10, 2017 11:10

Experts,
kindly let me you views about Laurus Lab
whether it sell or hold

1295.2. AKH |Feb 10, 2017 16:51

IPO Mentor (900+ Posts, 700+ Likes)

@CBM
Actually experts dont reply. My opinion is to hold till results of next quarter, if you can

1294. Umang & his ultrasonic uproar |Feb 9, 2017 19:58

Laurus labs result is out... Pls see on bse site(corporate announcements). Pls analyze Mr Septa, Mr gamble and help us understand weather it is good or not

1294.1. NPT |Feb 9, 2017 21:13

Top Contributor (200+ Posts, 300+ Likes)

One more positive note in the result is that its total revenue and pat for December 16 quarter has increased in comparison to the December 2015 quarter''s results.

1294.2. VALUE INVESTOR |Feb 9, 2017 21:30

IPO Mentor (900+ Posts, 600+ Likes)

Let''s see how market react tomorrow.

1293. Chem cho |Feb 8, 2017 17:57

IPO Guru (2000+ Posts, 2000+ Likes)

Laurus was trading between 475 to 480 from jan 17 from 3 feb movement was seen in this script now it has risen to high of RS 585 and todays low of Rs 546

script is worth holding at ipo price those who got allotment for better target than Rs 600

1292. deepika |Feb 7, 2017 15:52

LAURUS LAB

TARGET 600-650 FEB MONTH 100%

1292.1. AJ''s Actions |Feb 7, 2017 18:29

Is this true news?

1292.2. rvr |Feb 8, 2017 21:01

in market nothing is true....only predictions..

1291. deepika |Feb 7, 2017 15:52

LAURUS LAB

TARGET 600-650 FEB MONTH 100%

1290. deepika |Feb 7, 2017 15:18

KINDLY BUY LAURUS

TARGET 590 ONLY 2 DAYS

1289. A patel..Gujarat.. |Feb 7, 2017 13:51

2 lot sold. 583.70...

1288. CA M&co.Jodhpur |Feb 7, 2017 11:30

Sell Laurus lab and buy Alkem Lab for best return in this year.
Alkem lab near 52week high very strong fundamental strong pharmaceutical company.

1288.1. CA M&co.Jodhpur |Feb 13, 2017 12:54

My expectations is correct.see Alkem Lab at new 52 week high.and laurus down.
Buy Alkem Lab instead of Lauruse lab.

1287. s.selvam |Feb 6, 2017 21:23

Though I have not been allotted in BSE IPO I have been allotted LAURUS LAB AND IT TESTED MY PATIENCE FOR QUITE A LONG TIME.IT OSCILATES AROUND RS.472/- TO RS.480/- FOR QUITE A LONG TIME.EAGLE EYE MADAM I THANK U AFTER SEEING YOUR MESSAGE TO HOLD. I HAVE NOT SOLD THOSE SHARES.NOW I AM REACHING THE BENEFITS.LATER ONLY I KNOW THAT THEY ARE ONE OF API OF MEDICINES FOR ONCOLOGY AND HEPATITIS.I THANK ONCE AGAIN EAGLE EYE MADAM I AM HOLDING 70 SHARES OF LL WHICH I WILL GIFT IT TO MY GRAND DAUGHTER AND GRAND SON..

1286. CA Bhaumik Shah |Feb 6, 2017 18:39

Dear Eagleye

What will be the next target ?
Whether it may go to 650 to 700 ?

1285. Eagleye |Feb 6, 2017 13:54

IPO Guru (5700+ Posts, 19000+ Likes)

Laurus ðŸš€ðŸš€ðŸš€

Load more comments (3 replies)

1285.4. NPT |Feb 6, 2017 22:15

Top Contributor (200+ Posts, 300+ Likes)

Laurus will fire like Agni5000. For this reason we have to wait and watch its next two Quarters'' result. If during this period its result continues to show the recent past growth rate and if it receives a couple of patent in the meantime, it will be another Glenmark.

1285.5. Shivajee |Feb 7, 2017 08:48

IPO Mentor (700+ Posts, 100+ Likes)

People were so praising of Adv Enzymes like Laurus labs. But it came down to 1800 levels.

We should look at "on what basis it will shoot like agni or rocket" really.

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