Anu Laboratories IPO Latest News Today

Anu’s Laboratories Limited IPO Listing Info

IPO Listing Date: Wednesday, June 04, 2008
BSE Script Code: 532981
Listing in: B Group of securities
ISIN: INE450H01014
Issue Price: Rs. 210/- Per share
Face Value: Rs 10/- Per Equity Share

Anu's Laboratories Limited IPO Listing Info:

IPO Listing Date: Wednesday, June 04, 2008
BSE Script Code: 532981
Listing in: B Group of securities
ISIN: INE450H01014
Issue Price: Rs. 210/- Per share
Face Value: Rs 10/- Per Equity Share

 

IPO Allotment Status is now available online for Anu's Laboratories Limited IPO.

Anu's Laboratories Limited IPO was open on May 12, 2008 and closed on May 15, 2008. IPO was oversubscribed by 8.43 times (9.6417 times in retail).

IPO Allotment Status is now available online for Anu’s Laboratories Limited IPO.

Anu’s Laboratories Limited IPO was open on May 12, 2008 and closed on May 15, 2008. IPO was oversubscribed by 8.43 times (9.6417 times in retail).

Anu's Lab IPO got trouble due to some legal issues. Company published a letter to its investors giving the option to withdraw from the public issue because company failed to disclose a pending law suit in its Red Herring Prospectus. The law suit was files by Sunmoon Chemicals Pvt. Ltd in Nov 2007 and this case is still pending. Anu's lab failed to disclose this in its offer document.

Due to define rules by SEBI, Company has given an option to its investors to withdraw the application with in 10 days from May 16, 2008.

This may cause some delay in share allotment and refund for Anu's lab IPO. Investors who do not want to block their money may withdraw their IPO application in next 10 days.

Anu's Laboratories Limited IPO oversubscribed by 8.43 times. Non Institutional category oversubscribed around 26.9726 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 2.8395 times.

Retail Individual Investors (RIIs) category oversubscribed 9.6417 times and Employees category oversubscribed 1.0001 times.

Anu's Laboratories Ltd IPO - Final bid details (information from NSE Website)

Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	1810000	5139510	2.8395
1(a)	Foreign Institutional Investors (FIIs)		2910390
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)		489480
1(c)	Mutual Funds		1140660
1(d)	Others		598980
2	Non Institutional Investors	543000	14646120	26.9726
2(a)	Corporates		7160790
2(b)	Individuals (Other than RIIs)		6925020
2(c)	Others		560310
3	Retail Individual Investors (RIIs)	1267000	12216000	9.6417
3(a)	Cut Off		11819250
3(b)	Price Bids		396750
4	Employee Reservation	200000	200010	1.0001
4(a)	Cut Off		1710
4(b)	Price Bids		198300

 

Incorporated in 1996, Anu’s Laboratories Limited is an ISO 9001:2000 certified company, engaged in manufacture bulk active pharma ingredients and intermediates for drug molecules and was promoted by Mr. K. Hari Babu.

Anu’s Laboratories Limited is entering in the capital markets with an initial public offering, IPO of 38,20,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 200/- at lower level and Rs. 210/- at upper level for equity share of Rs. 10/-. The issue opens on May 12, 2008, and closes for subscription on May 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Anu's Laboratories Limited, IPO subscribed 0.21 times on its 2nd day.
QIBs: 0.2183
Non Institutional: 0.3978
Retail (RIIs): 0.1073
Employees: 0.2327

The price band for the issue is  Rs. 200/- at lower level and Rs. 210/- at upper level for equity share of Rs. 10/-. The issue closes for subscription on May 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Anu's Laboratories Limited IPO Recommendation

Public Issue Open: May 12, 2008 to May 15, 2008
Public Issue Price: Rs 200/- to Rs 210/-
Price Earning Ratio at upper band: 14.50
Price Earning Ratio at lower band: 13.81

Anu's Laboratory was incorporated in the year 1996 for manufacture of Bulk Active Pharma Ingredients and Intermediates for drug molecules.

The financial indicators of Anu's Lab (not of other group companies) are good. The company is growing, increasing sales and profits and also increasing its profit margins. Returns on Networth and returns on capital employed are very good.

On the other hand, Anu's Lab is a small company and present into a commodity business which makes this issue very risky. Since Anu's has a decent financial profile there are chances that it might list with a marginal listing gain. But the chances of this happening are very slim. Price earning multiple of around 15 and price to book of around 4 is too high a price to pay for Anu Labs.

We recommend to avoid the issue.

For detail analysis please visit following link:
/newportal/ipo_review.asp?a=174

Incorporated in 1996, Anu’s Laboratories Limited is an ISO 9001:2000 certified company, engaged in manufacture bulk active pharma ingredients and intermediates for drug molecules and was promoted by Mr. K. Hari Babu.

Anu’s Laboratories Limited is entering in the capital markets with an initial public offering, IPO of 38,20,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 200/- at lower level and Rs. 210/- at upper level for equity share of Rs. 10/-. The issue opens on May 12, 2008, and closes for subscription on May 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Incorporated in 1996, Anu's Laboratories Limited is an ISO 9001:2000 certified company, engaged in manufacture bulk active pharma ingredients and intermediates for drug molecules and was promoted by Mr. K. Hari Babu.

Anu's Laboratories Limited is entering in the capital markets with an initial public offering, IPO of 38,20,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 200/- at lower level and Rs. 210/- at upper level for equity share of Rs. 10/-. The issue opens on May 12, 2008, and closes for subscription on May 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) .