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Open
16 Jun 2017
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Close
20 Jun 2017
3
Allotment
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Listing
Thu, Jun 29, 2017
Price Band
₹600 to ₹603
Issue Size
2,88,75,000 shares (agg. up to ₹1,740 Cr)
Lot Size
24 Shares
Listing Date
Thu, Jun 29, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.25x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 630.00 | 402.12 | 353.88 |
| Total Income | 707.44 | 608.77 | 551.41 |
| Profit After Tax | 242.57 | 137.97 | 83.33 |
| NET Worth | 547.92 | 305.35 | 267.37 |
| Reserves and Surplus | 534.17 | 305.21 | 267.24 |
| Total Borrowing | 0.50 | ||
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Laurus Labs Ltd. | Mainboard | ₹1,330.51 Cr | ₹428 | null | ₹480.40 | +12.24% | ₹1,568.30 (-0.59%) |
| Zota Health Care Ltd. | SME | ₹58.50 Cr | ₹125 | null | ₹125.60 | +0.48% | ₹1,296.40 (+1.49%) |
| Sakar Healthcare Ltd. | SME | ₹14.81 Cr | ₹50 | null | ₹52.15 | +4.30% | ₹827.60 (-1.15%) |
| Kwality Pharmaceuticals Ltd. | SME | ₹6.21 Cr | ₹45 | null | ₹44.50 | -1.11% | ₹2,672.30 (-0.98%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholders. |
About Eris Lifesciences IPO
Incorporated in 2007, Eris Lifescience Ltd is Ahmedabad, Gujrat based pharmaceutical company engaged in research, development, manufacturing and selling of select therapeutic areas within the chronic and acute categories of the Indian Pharmaceutical Market.Eris product portfolio is primarily focused on therapeutic areas which require the intervention of super specialist and specialist doctors such as Diabetologists, Endocrinologists Cardiologists, and Gastroenterologists.Eris products in the chronic category cater primarily to the therapeutic areas including cardiovascular, anti-diabetics and neurology, chronic respiratory and chronic pain (analgesics).In acute category, the product portfolio includes vitamins, gastroenterology, anti-infectives, gynaecology, cute respiratory, acute pain (analgesics), hepatoprotectives, hormones, hematology, dermatology, anti-obesity products and products for injury healing.Eris Lifescience own and operate a manufacturing facility in Guwahati, Assam. They also outsource the manufacturing of certain of its products to 20 manufacturers. Eris strong sales team comprised of 1,310 marketing representatives.Eris Lifescience Strengths:• Focus on branded pr
Contact Details
Eris Lifesciences Ltd. Address7th Floor, Commerce House IVBeside Shell Petrol Pump, 100 Feet RoadPrahladnagarAhmedabad, Gujarat, 380015+91 79 3045 1111complianceofficer@erislifesciences.comVisit Website