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| Issue Open | Dec 6, 2016 |
| Issue Close | Dec 8, 2016 |
| IPO Price | ₹428 |
| Face Value | ₹10 |
| IPO Size | ₹1,331.80 Cr |
| Listing At | BSE, NSE |
| IPO Lot Size | 35 |
Laurus Labs IPO subscribed 4.53 times. The public issue subscribed 1.58 times in the retail category, 10.54 times in QIB, and 3.57 times in the NII category by Dec 8, 2016.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 10.54 |
| Non-Institutional Buyers | 3.57 |
| Retail Investors | 1.58 |
| Employees | 1.71 |
| Others | [.] |
| Total | 4.53 |
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
Day 1 | 0.71 | 0.16 | 0.10 | 0.04 | 0.28 |
Day 2 | 1.02 | 0.54 | 0.39 | 0.98 | 0.61 |
Day 3 | 10.54 | 3.57 | 1.58 | 1.71 | 4.53 |
Laurus Labs IPO is a public issue of 21,911,308 equity shares. The issue offers 10,789,051 shares to retail investors, 6,174,544 shares to qualified institutional buyers, and 4,623,879 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 6,174,544 | 28.18% |
| NII | 4,623,879 | 21.10% |
| Retail | 10,789,051 | 49.24% |
| Employee | 323,834 | 1.48% |
| Total | 21,911,308 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Laurus Labs IPO is subscribed 4.53 by Dec 8, 2016.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 10.54 |
| Non Institutional | 3.57 |
| Retail Individual | 1.58 |
| Employee Reservations | 1.71 |
| Others | [.] |
| Total Subscription | 4.53 |
An investor can apply in Laurus Labs IPO online via bank (using ASBA) or the broker (using UPI). The Laurus Labs IPO shares are offered online only.
The Laurus Labs IPO is subscribed 4.53 by Dec 8, 2016.
The Laurus Labs IPO allotment status is expected on or around Dec 14, 2016. Visit Laurus Labs IPO allotment status to check.
Visit Laurus Labs IPO subscription status page for real-time bidding information about Laurus Labs IPO.
| IPO Opens On | Dec 6, 2016 |
| IPO Closes On | Dec 8, 2016 |
| Finalisation of Basis of Allotment | Dec 14, 2016 |
| Initiation of Refunds | Dec 15, 2016 |
| Credit of Shares to Demat Account | Dec 16, 2016 |
| IPO Listing Date | Dec 19, 2016 |
Useful Articles
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