Brooks Laboratories Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 5th Sep 2011. The IPO was open between 16th Aug 2011 to 18th Aug 2011. The price band was Rs 90 to Rs 100 and the Issue Price was fixed at upper level of the price band, Rs 100 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 63.00 Crore. Brooks Laboratories Limited established in 2002 and manufactures pharmaceutical formulations namely tablets, injections and dry syrups.
IPO Listing Detail :-
Listing Date: 5th September 2011
BSE Scrip Code : 533543
NSE Symbol : BROOKS
Listing In : ‘B’ Group of Securities
ISIN : INE650L01011
Issue Price : Rs. 100.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The IPO proceeds will be used by Brooks Laboratories Limited to set up the company’s new manufacturing unit at JB SEZ, Panoli, Gujarat for manufacturing of various pharmaceuticals formulations , meet long term working capital requirement , meet general corporate purpose and to meet issue expenses and listing of shares on stock exchanges.
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.
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