Claris Lifesciences Ltd IPO : Opening on 24th Nov 2010

by khalid on 20/11/2010 · 2 comments

Claris Lifesciences Ltd is entering into primary market with an Initial Public Offer (IPO) of 8848921 Equity Shares of Rs 10 each. The IPO is opening on 24th Nov 2010 and the shares will be available for subscription up to 26th Nov 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed as Rs 278-293/share. Claris Lifesciences is one of the largest sterile injectables pharmaceutical companies in India with a market presence in 76 countries worldwide. The company’s products range across various therapeutic segments, including anaesthesia, critical care, anti-infectives, renal care, infusion therapy, enteral & parenteral nutrition and oncology.

The objects of the IPO are to setting up of a new plant compri. a PVC bag line, setting up of a new manu. line for propofol, construction of a facility for R & D, prepayment of an identified term loan and general corporate purposes .

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 24th Nov 2010 – 26th Nov 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 8848921 Equity Shares of Rs 10 each
Issue Size : Rs. 300 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 278 Rs. 293 Per Equity Share
Minimum Bid Quantity : 22 Shares (Rs. 6446 with 1 Lot)
Maximum Bid Quantity : 682 Shares (Rs. 199826 with 31 Lot)
Listing At : BSE, NSE

Maximum Subscription Amount for Retail Investor : Rs. 200000

The Book running lead managers to the issue are Edelweiss Capital Ltd, Enam Securities Pvt Ltd, ICICI Securities Ltd and JM Financial Consultants Pvt Ltd.

Registrar of the Issue : Link Intime India Pvt Ltd .

Stay tuned to BelltheBull Blog for more on Claris Lifesciences Ltd IPO !

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{ 2 comments… read them below or add one }

iqbal November 24, 2010

mail me details of the latest IPO’s

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khalid November 24, 2010

You are not providing your email, how i can send the IPO details. You can have look about all Recent IPOs in main page of my site under the Recent IPOs Section.

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