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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.
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 Size | 12,632,477 shares (aggregating up to ₹300.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE |
Share holding pre issue | 51,185,288 |
Share holding post issue | 63,817,765 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 4,572,152 (51.67%) | NA |
NII (HNI) Shares Offered | 1,069,192 (12.08%) | |
Retail Shares Offered | 3,207,577 (36.25%) | 145,798 |
Total Shares Offered | 8,848,921 (100%) |
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 |
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% |
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.
Particulars | For the year/period ended (in Rs. million) | |||||
31-Dec-09 | 31-Dec-08 | 31-Dec-07 | 31-Dec-06 | 31-Dec-05 | ||
Total Income | 7,594.01 | 7,639.00 | 6,238.16 | 4,026.74 | 2,923.61 | |
Profit After Tax (PAT) | 1,303.80 | 1,083.95 | 832.72 | 466.93 | 179.30 |
KPI | Values |
---|---|
RoNW | 24.15% |
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.
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)
Category | Subscription (times) |
---|---|
QIB | 1.31 |
NII | 2.03 |
Retail | 1.60 |
Total | 1.50 |
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
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 IPO, Claris IPO, Claris Lifesciences Ltd IPO Bidding, Claris Life IPO Allotment Status, Claris IPO drhp and Claris IPO listing.
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.
Listing Date | December 20, 2010 |
BSE Script Code | 533288 |
NSE Symbol | |
ISIN | INE562G01018 |
Final Issue Price | ₹228 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹228.00 |
₹224.40 |
₹198.10 |
₹227.90 |
₹205.85 |
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
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 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.
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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