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Aurobindo Pharma surges on plan to raise $300 million via QIP

09 Oct 2015 Evaluate

Aurobindo Pharma is currently trading at Rs. 758.10, up by 7.55 points or 1.01% from its previous closing of Rs. 750.55 on the BSE.

The scrip opened at Rs. 753.50 and has touched a high and low of Rs. 768.35 and Rs. 753.50 respectively. So far 59695 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 832.50 on 20-Aug-2015 and a 52 week low of Rs. 443.65 on 16-Oct-2014.

Last one week high and low of the scrip stood at Rs. 779.50 and Rs. 732.60 respectively. The current market cap of the company is Rs. 44381.31 crore.

The promoters holding in the company stood at 53.92% while Institutions and Non-Institutions held 35.75% and 10.33% respectively.

Aurobindo Pharma, one of the leading Indian pharmaceutical research companies, is reportedly planning to launch a qualified institutional placement (QIP) issue to mop up around $300 million. The company has hired Citigroup and Bank of America-Merrill Lynch as bankers for the share sale which is expected to take place within a couple of weeks. The investment bankers have already launched soft marketing of the deal and are ready to launch the issue, depending on market conditions.

Aurobindo Pharma, headquartered at Hyderabad, India, manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company’s manufacturing facilities are approved by several leading regulatory agencies like US FDA, UK MHRA, Japan PMDA, WHO, Health Canada, MCC South Africa, ANVISA Brazil. The company’s robust product portfolio is spread over 6 major therapeutic/product areas encompassing Antibiotics, Anti-Retrovirals, CVS, CNS, Gastroenterologicals, and Anti-Allergics, supported by an outstanding R&D set-up.

 

Aurobindo Pharma Share Price

1429.45 -6.45 (-0.45%)
24-Apr-2026 11:01 View Price Chart
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