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Claris Lifesciences Limited IPO (Claris IPO) Detail

November 24, 2010 - December 2, 2010

Claris IPO is a book built issue of Rs 300.00 crores.

Claris IPO bidding started from November 24, 2010 and ended on December 2, 2010. The shares got listed on BSE on December 20, 2010.

Claris IPO price band is set at ₹228 to ₹235 per share. The minimum lot size for an application is 22 Shares. The minimum amount of investment required by retail investors is ₹5,170.

Edelweiss Financial Services Ltd, Axis Capital Limited, ICICI Securities Limited and Jm Financial Limited are the book running lead managers of the Claris IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Claris IPO RHP for detailed information.

Claris IPO Details

IPO Date November 24, 2010 to December 2, 2010
Listing Date December 20, 2010
Face Value ₹10 per share
Price Band ₹228 to ₹235 per share
Lot Size 22 Shares
Total Issue Size12,632,477 shares
(aggregating up to ₹300.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE
Share holding pre issue51,185,288
Share holding post issue63,817,765

Claris IPO Reservation

Claris IPO offers 8,848,921 shares. 4,572,152 (51.67%) to QIB, 1,069,192 (12.08%) to NII, 3,207,577 (36.25%) to RII. 145,798 RIIs will receive minimum 22 shares and (sNII) and (bNII) will receive minimum 858 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,572,152 (51.67%)NA
NII (HNI) Shares Offered1,069,192 (12.08%)
Retail Shares Offered3,207,577 (36.25%)145,798
Total Shares Offered8,848,921 (100%)

Claris IPO Lot Size

Investors can bid for a minimum of 22 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 22 ₹5,170
Retail (Max) 38 836 ₹196,460
Lot Size Calculator

Claris IPO Promoter Holding

The promoters of the company are:
1. Mr. Arjun S. Handa
2. Sarjan Financial Private Limited

Share Holding Pre Issue 86.03%
Share Holding Post Issue 69%

About Claris Lifesciences Limited

Incorporated in 1994, 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's product range across various therapeutic segments, including anaesthesia, critical care, anti-infectives, renal care, infusion therapy, enteral nutrition, parenteral nutrition and oncology.

Companies more than half of the sales come from international markets and have a strong presence in regions of Latin America, the Middle East, Africa and Central, South East and Far East Asia.

Claris's manufacturing facilities are located in Ahmedabad, India and approved by foreign regulatory authorities. The manufacturing facilities are ISO 9001-2000 and WHO GMP certified.

Company Financials

ParticularsFor the year/period ended (in Rs. million)
31-Dec-0931-Dec-0831-Dec-0731-Dec-0631-Dec-05
Total Income7,594.017,639.006,238.164,026.742,923.61
Profit After Tax (PAT)1,303.801,083.95832.72466.93179.30

Key Performance Indicator

Objects of the Issue (Claris IPO Objectives)

The objects of the issue are:

1. Setting up of a new plant comprising a small volume parenterals line, a PVC bag line, a non-PVC bag line and a fat emulsion line.
2. Setting up of a new manufacturing line for propofol and other fat emulsion products at our existing plant, Clarion IV.
3. Construction of a facility for research and development at our Clarion manufacturing facilities.
4. Prepayment of an identified term loan.
5. General corporate purposes.


Claris IPO Subscription Status (Bidding Detail)

The Claris IPO is subscribed 1.50 times on December 2, 2010 5:00:00 PM. The public issue subscribed 1.60 times in the retail category, 1.31 times in the QIB category, and 2.03 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.31
NII2.03
Retail1.60
Total1.50

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Claris Lifesciences Ltd IPO Grading / Rating

Fitch Ratings India Private Limited has assigned an IPO Grade 3 to Claris Lifesciences Ltd IPO. This means as per Fitch, company has 'Average Fundamentals'. Fitch assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the Fitch IPO Grading Document for Claris Lifesciences Ltd.

Claris Lifesciences Limited IPO Tags:

Claris Lifesciences IPO, Claris IPO, Claris Lifesciences Ltd IPO Bidding, Claris Life IPO Allotment Status, Claris IPO drhp and Claris IPO listing.

IPO Notices

External Link

Claris Lifesciences IPO revised issue closing date and issue price

Friday, November 26, 2010
Book Running Lead Manager to the issue has informed the Exchange that the CLARIS LIFESCIENCES LIMITED issue will close on 2 Dec, 2010 instead of the earlier closing day on 26 Nov, 2010.Post issue modification date has been revised to 3 Dec, 2010 instead of the earlier closing day on 27 Nov, 2010. Further price band has revised from 278/- to Rs. 293/- TO Rs. 228/- to Rs. 235/- per share.

Claris IPO Prospectus

Claris IPO Rating

786
3.7
Rating:Rated 3.7 stars
Vote Here ...

Claris IPO Listing Details

Listing Date December 20, 2010
BSE Script Code 533288
NSE Symbol
ISIN INE562G01018
Final Issue Price ₹228 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹228.00
₹224.40
₹198.10
₹227.90
₹205.85

Check IPO Performance…

Claris Lifesciences Limited Contact Details

Claris Lifesciences Limited
Claris Corporate Headquarters,
Near Parimal Railway Crossing,
Ellisbridge, Ahmedabad 380 006
Phone: +91 79 26563331
Email: ipo.corp@clarislifesciences.com
Website: http://www.clarislifesciences.com

Claris IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: cll.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Claris IPO FAQs

Claris IPO is a main-board IPO of 12,632,477 equity shares of the face value of ₹10 aggregating up to ₹300.00 Crores. The issue is priced at ₹228 to ₹235 per share. The minimum order quantity is 22 Shares.

The IPO opens on November 24, 2010, and closes on December 2, 2010.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Claris IPO opens on November 24, 2010 and closes on December 2, 2010.

Claris IPO lot size is 22 Shares, and the minimum amount required is ₹5,170.

You can apply in Claris 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 Claris IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Claris IPO allotment status.

The Claris IPO listing date is on December 20, 2010.
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Claris IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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489 Comments

489. IPO Mania |   Link |  Bookmark |January 4, 2011 10:46:33 AM
Dear Mr. Sreedhar,
First HAPPY NEW YEAR-2011
I have 73 shares of Claris in my Demat@IPO rates which I m holding as it is in RED, should i hold on for future as I don't require any funds?? what's the future of Claris?? Will it cross to its IPO rates or not?
AWAITING EAGERLY YOUR MOST VALUABLE COMMENTS.

THANX....ZAHEER ALAM
488. SureshB |   Link |  Bookmark |December 23, 2010 7:10:49 PM
Don't sell if you are holding this. It is likely to tuch 250 on the following week. Got some inside news !!
487. rohit sachdev |   Link |  Bookmark |December 23, 2010 12:37:03 PM
yesterday it was moil and today the focus is on claris. look it's crossed it's issue price. good for those holding their shares.
486. sonipc |   Link |  Bookmark |December 22, 2010 2:28:46 AM
if we hold for 2-3 more trading session, may get a chance to exit above issue price, without much loss

regards
485. N G |   Link |  Bookmark |December 21, 2010 5:23:05 PM
Its good to see todays batting of Claris. It scored 224 not out...
484. Ravi, Bangalore |   Link |  Bookmark |December 21, 2010 12:42:28 PM (300+ Posts)
479. N G / 481. devulapalliC

Whatever Star Experts recommendation may say, always consider whether a particular investment is right for you in light of your own financial circumstances. Remember, you are the boss, it's your money, and your situation and goals that matter.

Before you invest, investigate. Question the rationale of BUY or SELL recommendatons. Because there is no substitute for investors who know how to look behind Star Experts opinion.

Always keep in mind the stop-loss & don't cancel stop-loss altogether.
483. IPO/STOCK GURO |   Link |  Bookmark |December 21, 2010 10:37:51 AM
Ipo may apna sar mat patko, kus din baad 90% tak discount may shares mil jata hi, ipo market is only for fool investors.
482. Suresh Duraiswamy |   Link |  Bookmark |December 20, 2010 7:25:18 PM
@478. Ravi, Bangalore,

Your comments are realy valuable inputs/lessons for those who wants to be day traders.
481. devulapalliC |   Link |  Bookmark |December 20, 2010 7:15:17 PM

These december listings are killing any interest for listing gains thro' an IPO/FPO.
SCI, MOIL and now Claris!
I invested into SCI and MOIL but now I am forced to hold them both. I cant take the loss on MOIL I am making right now (18K) and I am thinking of getting out of SCI but I am positive about it in 2yrs time! I dont think anybody can ever enter SCI at 130s or MOIL at 441 ever again!
480. devulapalliC |   Link |  Bookmark |December 20, 2010 7:09:37 PM
Ravi@478 Excellent summary on trading

NG@479 I liked your idea into investing into Claris. I know they do have issues right now - the USFDA issues - the fungal contaminations, The issue of a company “Core Healthcare Limited”, which was promoted by a relative (father) of the present promoter of the Claris etc. There was heavy negative inputs during and after the IPO. I am sure the stock will bottom down (may be even to 150 or even less) but then once these issues get sorted out - they are likely to become the market leaders in injectables!
If you have the patience to hold for 2-3 years - I am sure you WILL reap the benefits much more than any pharma company can presently give!! I would say it might touch 600 in 2-3 years but is not going to give you anything this fiscal and the next fiscal!! None whatso ever!
479. N G |   Link |  Bookmark |December 20, 2010 6:40:16 PM
478. Ravi

Thanx a lot for your considerate comments. I would to bring before this forum my style of trading so that they can further comments for things for me to improve:

a) I dont do day trading. I always take delievery.
b) I only do one transaction at NSE and one at BSE, either to buy or sell.
c) I generally take my consious call for selling and buying. Though at the time of buying somtimes I buy at higher level beacuse of over confidence.
d)I always like to invest when nobody is willing to do, backed by scrip fundamentals. Thats why I bought claris 345 at Rs 228.
e) I am traking stock market since I was 18, almost 13 years back.

Finally, I feel that from stock market a common man cannot get rich. He need to use his time and energy for other valuable things. On the other hand, as the stock market is the right reflection of your country/economy and should be a good place to stay on, provided you refrain from speculation. As for long term stock market has only tendency to gain.
478. Ravi, Bangalore |   Link |  Bookmark |December 20, 2010 5:16:25 PM (300+ Posts)
473. N G

TRADING IS HABIT (BAD)

All traders should have well defined stop-loss & target in mind even before they initiate a trade.

Making money on a "bad" trade - holding a massive losing position, only to have it come back leave you a profit - is one of the worst things that can happen to a trader. Tendencies such as these destroy traders over the long run. By trading like this, traders can come to believe that next time they are holding a losing position it will come back. Unfortunately, if this fails to happen just once, it could wipe out your trading account. The trader may also falsely believe that because jumping in and out of the market without paying attention made money yesterday, it might also work today. This is a risky way to play the market.

Don't deceive yourself into thinking you made a good trade, when in actuality you may have simply gotten lucky.

You can ask yourself a few questions to understand how much your past affects your thinking. Figure out what the opinions of others mean to you:

1. Do you heavily rely on others?
2. Are you hesitant to put your views in this forum due to fear of sounding "stupid"?
3. Do you look to others for approval before you commit to action?
4. Do you constantly speak about your past accomplishments?
5. Do you need input from others in your decision making process?

For those of questionss, your answer is "yes" to many of these, you are fearful to act or commit to a plan of action without external approval. Consider how this affects your stock trading activities; you will quickly realize how fear prevents you from becoming the trader that you know you are or can be.

One of the worst habits that you can form is following what the experts say. Many investors get in the habit of basing their investment decisions on what an investment expert has to say about a topic. For example, an expert might say that everyone should liquidate their shares of MOIL. Based on that recommendation, you sell your shares of the company. As soon as you sell, the price of the stock increases and you miss out on profits. Instead of blindly following the experts, you should form your own opinions about an investment. You want to be able to do your own research and find out everything that you can about an investment before you buy or sell.

One of the biggest problems with investors is that they are constantly looking for the "Holy Grail" of investing. In reality, there is no perfect method of trading or perfect investment. Once you take a loss, forget about it and move on. Adrenaline is a sign that your ego and your emotions have reached a point where they are clouding your judgment. Embracing your opinion leads to financial ruin. In the stock market, heroes get crushed. Take personal responsibility for each trade.

Amateur traders think about how much money they can make on each trade. Professional traders think about how much money they can lose.

There are a few things you should absolutely not do:-

1. Try to pick tops or bottoms.
2. Cancel a stop-loss.
3. Move the profit target.
4. Let a profitable trade turn into a loser.
5. Impose your will on the market (trading with the hope).
6. Never let a day trade turn into an overnight trade or convert into long-term investment.
477. IPO DRAGON |   Link |  Bookmark |December 20, 2010 5:08:40 PM
AS TOLD IN MORNING , IT HIT OUR FIRST TARGET OF 200. REQUEST TO OTHERS NOT TO MISGUIDE OTHER INVESTORS.GIVE TRUE FACTS, DONT SAY THIS/THAT FII/DII IS BUYING OR SELLING, OR DO DARE TO SHORT NOW!

TOMM CALL, WE WILL LET U KNOW IN MORNING
476. navfame |   Link |  Bookmark |December 20, 2010 5:06:48 PM
some very good stocks u can buy for the time frame of 3 months

power grid cmp - 96

shipping coro cmp - 131

ankur drugs cmp - 85

475. navfame |   Link |  Bookmark |December 20, 2010 5:00:13 PM
@ 473

nice decision
474. Golmaal |   Link |  Bookmark |December 20, 2010 4:59:40 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
sold 3 lots at 221, 219 and 216. Loss of 700 rs on 15k.
473. N G |   Link |  Bookmark |December 20, 2010 3:55:44 PM
claris was my last experiemnt... and it failed. I am going to quit stock market trading all together form now.
472. sameerjaipur |   Link |  Bookmark |December 20, 2010 3:47:04 PM
Dear Gem,
What is happening to VA tech?I'm still holding my allotment.Should I quit?
471. devulapalliC |   Link |  Bookmark |December 20, 2010 3:17:51 PM

@470 KK Natarajan

Did I ask u to follow me Natarajan?
It's always your call and not mine!
As for figures and facts, y should I give them to u!
I only advise! Its upto you to pay heed or move over!!
Dogs do bark when there is a lurking hidden danger, do u bark with them?
I am the dog that warns! My job is half done!!
470. KK Natarajan |   Link |  Bookmark |December 20, 2010 3:02:46 PM (500+ Posts)
468, Devulapillai C,
How many lakhs did you earn using astrology in share market? If you give with facts and figures we can believe you and follow you.