Claris Lifesciences Limited IPO Message Board (Page 24)

293 looks good for investing for listing gain. At an EPS of 21 on 2009 earnings, even if we take the comparitive P/E of similar sized companies, it is around 17. Based on that the price should be 357. I will be applying in full lot.

claris lifescience limited's price band was 278 - 293.

Mr. Sushil Kumar Handa, one of our erstwhile promoters and a relative of our individual promoter (included in
our Promoter Group), had promoted a company, Core Healthcare Limited (“CHL”), which became unable to
repay its debt under certain term and working capital loans granted to it by various lenders, including the Bank
of Baroda (“BoB”). CHL and its directors, including Mr. Sushil Kumar Handa, are included in the list of wilful
defaulters maintained by the Credit Information Bureau (India) Limited for loan default of Rs. 25 lacs and above
at the behest of BoB.
ARCIL took over the possession of CHL’s assets in 2005 u/s 13(2) of SARFAESI. Subsequently, the Gujarat
High Court, by its order dated March 1, 2007, sanctioned a scheme of demerger of the erstwhile CHL and
transferred the Sachana unit to Nirma Limited. The Rajpur unit was subsequently sold by ARCIL in the year
2008. CHL was subsequently wound up by an Order of the Gujarat High Court dated June 24, 2009.
However, during the pendency of the above settlement the Central Bureau of Investigation initiated certain
investigations against the erstwhile CHL and Mr. Sushil Kumar Handa in his capacity as the Chairman and
Managing Director of CHL alleging misappropriation of funds disbursed to the erstwhile CHL by certain
lenders. Also, certain complaints and proceedings were filed before the Additional Principal City Sessions and
Special Judge Court, Ahmedabad and the Anti Corruption Bureau, Ahmedabad commenced investigations in the
matter. Both of the abovementioned proceedings are currently pending as at the date of the Draft Red Herring
Prospectus.
Furthermore, there are certain criminal cases pending under the Drugs and Cosmetics Act, 1940, relating to
product liability, which are currently pending against Mr. Sushil Kumar Handa. He was declared as a
proclaimed offender due to non appearance at hearings in one such instance.
For more details on these proceedings, please refer to the section titled “Outstanding Litigation and Material
Developments” on page 184 of this Draft Red Herring Prospectus.

The individual Promoter of our Company, Mr. Arjun S. Handa, has entered into a separation agreement dated
March 15, 2010 with Mr. Sushil Kumar Handa, one of our erstwhile promoters and a relative of our individual
Promoter (included in our Promoter Group), Mrs. Beena S. Handa and Mr. Aditya S. Handa whereby the
understanding between the parties to the agreement is that each of Mr. Sushil Kumar Handa, Mrs. Beena S.
Handa and Mr. Aditya S. Handa does not possess any right, interest

our Promoters’ holdings in such companies. Similarly, as part of the agreement, Mr. Arjun S. Handa, our
individual Promoter, does not possess any right, interest, obligations in any of Mr. Aditya S. Handa’s group
companies (companies which have been promoted by Mr. Aditya S. Handa) and Mr. Aditya S. Handa’s
promoter group companies. Post the business separation, as at April 16, 2010, Mr. Aditya S. Handa holds
approximately 24.04% of the paid-up Equity Share capital of our Company, directly and indirectly, and is a
member of our Board. For details of companies from which Mr. Arjun S. Handa has disassociated in the last 3
years, please see the section titled “Our Promoters and Group Companies - Disassociation by the Promoters in
the last three years” on page 160 of this Draft Red Herring Prospectus.

FROM DHRP - See conncetion of Arjun and his father SUSHIl and Mother Beena....



The individual Promoter of our Company, Mr. Arjun S. Handa, has entered into a separation agreement dated
March 15, 2010 with Mr. Sushil Kumar Handa, one of our erstwhile promoters and a relative of our individual
Promoter (included in our Promoter Group), Mrs. Beena S. Handa and Mr. Aditya S. Handa whereby the
understanding between the parties to the agreement is that each of Mr. Sushil Kumar Handa, Mrs. Beena S.
Handa and Mr. Aditya S. Handa does not possess any right, interest, obligations in our Company, our Group
Companies (which have been promoted by our Promoters) which are part of our Promoter Group by virtue of our Promoters’ holdings in such companies. Similarly, as part of the agreement, Mr. Arjun S. Handa, our
individual Promoter, does not possess any right, interest, obligations in any of Mr. Aditya S. Handa’s group
companies (companies which have been promoted by Mr. Aditya S. Handa) and Mr. Aditya S. Handa’s
promoter group companies. Post the business separation, as at April 16, 2010, Mr. Aditya S. Handa holds
approximately 24.04% of the paid-up Equity Share capital of our Company, directly and indirectly, and is a
member of our Board. For details of companies from which Mr. Arjun S. Handa has disassociated in the last 3
years, please see the section titled “Our Promoters and Group Companies - Disassociation by the Promoters in
the last three years” on page 160 of this Draft Red Herring Prospectus.

http://photos1.blogger.com/blogger/3183/432/1600/getimage.0.png

@Kaybee -

With response to this...Kaybee...I did some search and found out...
Arjun S. Handa and Aditya S. Handa = are brothers and they are sons of Mr. Sushil Handa...

Mr. Sushil Handa and his brother Sunil Handa - they are brothers and they promotted CORE HEALTHCARE and CORE parentals......
I worked in CORE Parentals.....
Finally Sushil and Sunil Handa - bankrupt and sold CORE units to Nirma....

Additionally - address is also same - where CORE HOUSE head office were there....Near Parimal garden, Ahmedabad....I am now in Delhi..but any one from Ahmedabad can confirm....

I am sure....Arjun and Aditya is next generation of SUSHIL and SUNIL Handa....
So guys now it is up to you to decide...what to do..

@ Kaybee -

Ref serial 5----RAJASTHAN.
CORE PARENTALS was renamed CORE HEALTH and seems to have disappeared. It was promoted by some HANDA. Whether it is the same promoter should be checked. If it is, then it is a cause to worry. I think SEBI should clarify. PEOPLE SHOULD RECHECK.


With response to this...Kaybee...I did some search and found out...
Arjun S. Handa and Aditya S. Handa = are brothers and they are sons of Mr. Sushil Handa...

Mr. Sushil Handa and his brother Sunil Handa - they are brothers and they promotted CORE HEALTHCARE and CORE parentals......
I worked in CORE Parentals.....
Finally Sushil and Sunil Handa - bankrupt and sold CORE units to Nirma....


So guys now it is up to you to decide...what to do..

VERY GOOD IPO FOR LISTING PURPOSE..

ONE GOOD THING IS THAT NONE OF THE VP OF THIS COMPANY IS CLIENT OF SJ OR HIS CHELA-CHAPATA...

LOL/....LOL...

salecha,
do not apply for rpp infra. you will lose money

Very informative post. Thanks for taking the time to share your view with us.

Ref serial 5----RAJASTHAN.
CORE PARENTALS was renamed CORE HEALTH and seems to have disappeared. It was promoted by some HANDA. Whether it is the same promoter should be checked. If it is, then it is a cause to worry. I think SEBI should clarify. PEOPLE SHOULD RECHECK.

Sreedhar

What about Power Grid are you going to pay Rs. 4000/- on l lac application

bhai DAY&IPO TRADER agar cil 2500 hojayiga to apko malum hi eska market cap kya hoga abhi eska mar.cap 250lakh crore hi ap tanik bhi bija laga ki bolo bahei app ka matalab ril se10 times biger

Subscription might be slightly because money might be locked in the previous ipo/fpos and people might also keeping it for investing in MOIL....so even though the issue is just for 300 cr....it might not subscribe above 10x

Small IPO. Should give good return as subscription won't be much. Many IPOs at same time. To judge properly and to choose one's pick. What are you doing friends? I am doing (after POWGRI FPO) MOIL. Then will think again.

interesting site from sunoo varghese( recall )

Interesting....

http://www.littleabout.com/Health/fda-incriminates-claris-lifesciences-contaminating-drugs/97917/

http://www.fda.gov/Safety/Recalls/ucm214220.htm

whether incresing the retail limit,pospone you plan to open dmat account in the name of your close kin