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Brooks Labs IPO is a book built issue of Rs 63.00 crores.
Brooks Labs IPO bidding started from August 16, 2011 and ended on August 18, 2011. The shares got listed on BSE, NSE on September 5, 2011.
Brooks Labs IPO price band is set at ₹90 to ₹100 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,000.
D And A Financial Services Private Ltd is the book running lead manager of the Brooks Labs IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Brooks Labs IPO RHP for detailed information.
| IPO Date | August 16, 2011 to August 18, 2011 |
| Listing Date | September 5, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹100 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 6,300,000 shares (aggregating up to ₹63.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 9,886,422 |
| Share holding post issue | 16,186,422 |
Brooks Labs IPO offers 7,000,000 shares. 3,500,000 (50.00%) to QIB, 1,050,000 (15.00%) to NII, 2,450,000 (35.00%) to RII. 40,833 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 2,040 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,500,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,050,000 (15.00%) | |
| Retail Shares Offered | 2,450,000 (35.00%) | 40,833 |
| Total Shares Offered | 7,000,000 (100%) |
Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,000 |
| Retail (Max) | 33 | 1980 | ₹198,000 |
| Lot Size Calculator | |||
The promoters of the company are:
1 Mr. Atul Ranchal
2 Mr. Rajesh Mahajan
| Share Holding Pre Issue | 99.5% |
| Share Holding Post Issue | 60.77% |
Incorporated in 2002, Brooks Laboratories Ltd is in the business of Pharmaceutical Contract Research & Manufacturing. Company manufactures wide range of products catering to critical care segment in Parental Section like Beta Lactam, Cephalosporin & General Dry powder Injectables, Ampoules and Liquid vials, Dry Syrups and Tablets etc.
Brooks Labs has manufacturing unit at Baddi, Himachal Pradesh. Company has a world class team to develop new molecules in injectables and clavulanic acid based products supported by sophisticated infrastructure for Research & Development. Brooks Labs is WHO-GMP and ISO 9000-2008 certified company.
The Indian pharmaceuticals industry is significantly developed in terms of infrastructure, technology and product range in recent years. The country now ranks among the top four worldwide accounting for 8% to 10% of world’s production by volume and 1.5% to 2% by value.
| Particulars | For the year/period ended (in Rs. Lacs) | ||||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | |
| Total Income | 5319.9 | 4545.3 | 4383.2 | 2854.2 | 2381.3 |
| Profit After Tax (PAT) | 688.82 | 519.57 | 296.06 | 358.01 | 112.49 |
| KPI | Values |
|---|---|
| ROCE | 27.3% |
| RoNW | 47.4% |
The objects of the Issue are:
1. To set up our new manufacturing unit at JB SEZ Pvt Ltd, Panoli, Gujarat for manufacturing of various pharmaceuticals formulations.
2. To meet Long Term Working Capital requirement.
3. To meet General Corporate Purpose and
4. To meet Issue Expenses and Listing of Shares on Stock Exchanges.
The Brooks Labs IPO is subscribed 1.60 times on August 18, 2011 5:00:00 PM. The public issue subscribed 3.36 times in the retail category, 0.00 times in the QIB category, and 2.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 2.82 |
| Retail | 3.36 |
| Total | 1.60 |
ICRA has assigned an IPO Grade 2 to Brooks Laboratories IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Brooks Laboratories IPO Report
| Listing Date | September 5, 2011 |
| BSE Script Code | 533543 |
| NSE Symbol | BROOKS |
| ISIN | INE650L01011 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹100.00 |
| ₹110.00 |
| ₹57.75 |
| ₹131.10 |
| ₹60.20 |
| NSE |
|---|
| ₹100.00 |
| ₹100.00 |
| ₹58.15 |
| ₹131.60 |
| ₹61.50 |
Brooks Laboratories Ltd
G-101, Ivory Tower,
Sector 70, Mohali,
Punjab - 160055, India
Phone: + (91 172) 509 7355
Email: cs@brookslabs.net
Website: http://www.brookslabs.net
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: brooks.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Brooks Labs IPO is a main-board IPO of 6,300,000 equity shares of the face value of ₹10 aggregating up to ₹63.00 Crores. The issue is priced at ₹90 to ₹100 per share. The minimum order quantity is 60 Shares.
The IPO opens on August 16, 2011, and closes on August 18, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Brooks Labs IPO opens on August 16, 2011 and closes on August 18, 2011.
Brooks Labs IPO lot size is 60 Shares, and the minimum amount required is ₹6,000.
You can apply in Brooks Labs IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Brooks Labs IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Brooks Labs IPO allotment status.
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