Alpa Labs IPO price band at Rs 62-68/share
Alpa Laboratories Ltd, a multi-product pharmaceuticals formulations company, on Thursday enters the capital market with initial public offering.
By INDIATIMES NEWS NETWORK |
MUMBAI: Alpa Laboratories Ltd, a multi-product pharmaceuticals formulations company, on Thursday enters the capital market with initial public offering.
The IPO is of 95 lakh 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 closes Tuesday.
The company plans to expand its existing capacity by setting up a pant at Pigdamber in Indore, at a cost of Rs 70.88 crore.
Alpa Labs 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 will be financed through a term loan of Rs 20 crore, promoters' contribution of Rs 3 crore, and balance from the IPO.
The IPO is of 95 lakh 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 closes Tuesday.
The company plans to expand its existing capacity by setting up a pant at Pigdamber in Indore, at a cost of Rs 70.88 crore.
Alpa Labs 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.
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The expansion 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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