Anu's Laboratories will list on the stock exchanges on Wednesday, 4 June 2008. The stock will be placed in the B Group on BSE.
The company had fixed the issue price at the top end of the Rs 200-Rs 210 per share IPO price band.
At Rs 210, the price earning (PE) multiple works out to Rs 18.58, based on the year ended March 2007 EPS of Rs 11.3.
The Anu's Laboratories IPO had ended on 15 May 2008 with 8.43 times subscription. The IPO received had bids for 3.22 crore shares as against 38.20 lakh shares on offer.
The qualified institutional buyers (QIBs) category was subscribed 2.83 times, the non institutional investors portion was subscribed 26.97 times and the retail investors portion was subscribed 9.64 times.
Anu's Laboratories is engaged in the manufacturing of basic, advanced intermediates and fine chemicals and supplying them to various drug manufacturers.
The company plans to utilize the proceeds for – setting up a new plant for manufacturing of drug intermediates including active pharmaceutical ingredients at Vishakhapatnam, setting up of pilot plant for carrying out contract research and manufacturing at Vishakhapatnam, for long term working capital requirement, general corporate purposes and for issue expenses.
Anu's Laboratories reported a net profit of Rs 13.59 on sales of Rs 107.82 in the year ended March 2007.
Source: Capitalmarket.com
Tuesday, June 3, 2008
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