Alpa Labs IPO on July 12; price band Rs 62-68/share
Alpa Laboratories, a multi-product pharmaceuticals formulations company, is entering the capital market with a public issue of 95,00,000 crore equity shares of Rs 10 each.
By INDIATIMES NEWS NETWORK |
MUMBAI: Alpa Laboratories, a multi-product pharmaceuticals formulations company, is entering the capital market with a public issue of 95,00,000 crore equity shares of Rs 10 each for cash at a premium to be decided through 100% book building process.
The price band for the issue has been fixed at Rs 62-68 per share. The issue opens for subscription on July 12 and closes on July 17.
In meeting rising demand from customers, Alpa Labs plans to expand its existing capacity by setting up a pant at Pigdamber in Indore, at a cost of Rs 70.88 crore.
The company also plans to widen product range by foraying into probiotics, prebiotics and pre-filled syringes. It will also expand contract manufacturing activities to include large multinational companies.
Post expansion, the collective capacity in all these segments will be 63.57 lakh units a day, against the present capacity of 25.32 lakh units a day.
The expansion project will be financed through a term loan of Rs 20 crore, promoters’ contribution of Rs 3 crore and balance from the IPO.
The price band for the issue has been fixed at Rs 62-68 per share. The issue opens for subscription on July 12 and closes on July 17.
In meeting rising demand from customers, Alpa Labs plans to expand its existing capacity by setting up a pant at Pigdamber in Indore, at a cost of Rs 70.88 crore.
The company also plans to widen product range by foraying into probiotics, prebiotics and pre-filled syringes. It will also expand contract manufacturing activities to include large multinational companies.
Post expansion, the collective capacity in all these segments will be 63.57 lakh units a day, against the present capacity of 25.32 lakh units a day.
The expansion project will be financed through a term loan of Rs 20 crore, promoters’ contribution of Rs 3 crore and balance from the IPO.
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