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Laurus Labs IPO to hit capital markets on December 6

30 Nov 2016 Evaluate

Laurus Labs is coming out with an initial public offering (IPO) to raise up to Rs 300 crore in a price band Rs 426-428 per share. The issue will open for subscription on December 6, 2016 and will close on December 8, 2016.

Shares of the company are proposed to be listed on NSE and BSE both. The Book Running Lead Managers (BRLMs) to the offer are Kotak Mahindra Capital Company, Citigroup Global Markets India, Jefferies India and SBI Capital Markets. The firm proposes to use the net proceeds from the fresh issue towards pre-payment of term loans and general corporate purposes.

Laurus Labs is a leading research and development driven pharmaceutical company in India. The company has grown consistently to become one of the leading manufacturers of Active Pharmaceutical Ingredients (APIs) for anti-retroviral (ARV) and Hepatitis C. Laurus Labs also manufactures APIs in oncology and other therapeutic areas.

Laurus Labs Share Price

1369.90 0.95 (0.07%)
18-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1824.00
Dr. Reddys Lab 1267.80
Cipla 1355.80
Zydus Lifesciences 1074.30
Lupin 2327.50
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