Tuesday, 23 November 2010

Claris Lifesciences Limited issues IPO

Claris Lifesciences Limited (CLL) is an Ahmedabad based pharmaceutical company. Claris is the largest Indian sterile injectables pharmaceutical companies with a presence in 76 countries worldwide. Claris offers 113 products across multiple markets and therapeutic areas. All of these products are off-patent products.

Claris Life Sciences LTD is issuing IPO (Initial Public Offer). This IPO is open for subscription from 24th November, 2010 to 26th November, 2010. It is 100% Book Built IPO. The Face value of a share is Rs. 10 per equity shares and the price band is Rs. 278 to Rs. 293.The issue size is 1.024 to 1.079 crores of shares which amount to approximately Rs. 300 crores. Minimum Number of shares to be applied is 22 and the shares will be listed in Bombay Stock Exchange.

The allocation of shares to retail investors is 30.72% to 32.37% and to Non institutional investors are 10.23% to 10.79% and QIB investor s 61.43% to 64.75%

We hope that the tendency of the over subscription of recent IPO s of Coal India Ltd. And Power Grid Corporation may reflect in this IPO also.

Know more about ASBA for Apply IPO

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