The IPO of Brooks Laboratories Limited has received a poor response from the investors with the last day subscription figure just reached to 1.60 times on an overall basis. Brooks Laboratories IPO is open on 16th August 2011 and will get closed on 18th August 2011 for subscription. The IPO has managed to get a little bit better response from Retail Individual Investors Category where it overbid by 3.36 times on the last day of subscription. The price band for the issue is Rs 90 at lower level and Rs 100 at upper level. Brooks Laboratories Limited established in 2002 and manufactures pharmaceutical formulations namely tablets, injections and dry syrups.
The category-wise subscription status of IPO on closing of last day is given below:-
Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 2.82 times
Retail Individual Investors : 3.36 times
Overall : 1.60 times
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Sole Book running lead manager to the issue is . D and A Financial Services Private Ltd.
Registrar of the Issue : Link Intime India Private Limited, Mumbai.
Stay tuned to BelltheBull Blog for more on Brooks Laboratories Limited IPO !Google+