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24 January 2017

IPO Synopsis

Laurus Labs Ltd
Registered Office: Plot No 21 Jawaharlal Nehru,Pharma City Parawada , Visakhapatnam - 531021 , Andhra Pradesh , India.
Phone : 91-40-39804320   Fax:91-40-39804320
Email :  secretarial@lauruslabs.com  
Website :  www.lauruslabs.com
Initian public offering of 31,116,785 equity shares of face value of (Rs)10 each ("equity shares") of Laurus Labs Limited ("company" or "issuer") for cash at a price of (Rs)428 per equity share (including share premium of (Rs)418 per equity share) (The "offer price") aggregating to (Rs)1330.51 crores ("offer") comprising a fresh issue of 7,009,345 equity shares aggregating to (Rs)299.71 crores ("Fresh Issue") and an offer for sale of 24,107,440 equity share by the selling shareholders, aggregating to (Rs)1030.80 crores ("offer sales"). The offer includes a reservation of 322,164 equity shares, aggregating to (Rs)12.50 crores , for subscribtion by elegible employees not exceeding 5% of the post-offer paid-up equity share capital (the "employee reservation portion") The offer less the employee reservation portion is hereinafter referred as the "net offer". The offer and the net offer shall constitute 29.42% and 29.12%, respevtively of the post-offer paid-up equity share capital of the company. The Anchor investor offer price is (Rs)428 per equity share. Offer price is (Rs)428 per equity share of face value of (Rs)10 each The offer price is 42.8 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Dec-16 08-Dec-16 (Rs)428.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :35  Further Multiples of :35

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Citigroup Global Markets India Pvt Ltd
Project Financed through Current Offer 1330.51  
Post Issue Equity Share Capital 0.00  
Issue Price (Rs)428.00  
 
Projects
Pre-payment of term loansGeneral corporate purposes
Promoted By
Satyanarayana Chava  
Naga Rani Chava  
Raju Srihari Kalidindi  
Listing At
BSE 
NSE 
Registrar to the Issue
Karvy Computershare Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
FINANCIAL TOOLS