Bookbuilding IPO | ₹63 Cr | Listed at BSE, NSE | Tue, Aug 16, 2011 - Thu, Aug 18, 2011
Brooks Laboratories IPO is a book build issue of ₹63.00 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹63.00 crore.
Brooks Laboratories IPO bidding started from Aug 16, 2011 and ended on Aug 18, 2011. The shares got listed on BSE, NSE on Sep 5, 2011.
Brooks Laboratories IPO price band is set at ₹100 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,000 (60 shares) (based on upper price). The lot size investment for sNII is 34 lots (2,040 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (10,020 shares), amounting to ₹10,02,000.
D&A Financial Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Brooks Laboratories IPO RHP for detailed Information.
IPO Open
Tue, Aug 16, 2011
IPO Close
Thu, Aug 18, 2011
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹161.86 Cr
| IPO Date | 16 to 18 Aug, 2011 |
| Listed on | Mon, Sep 5, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 63,00,000 shares (agg. up to ₹63 Cr) |
| Fresh Issue | 63,00,000 shares (agg. up to ₹63 Cr) |
| Share Holding Pre Issue | 98,86,422 shares |
| Share Holding Post Issue | 1,61,86,422 shares |
| BSE Script Code / NSE Symbol | 533543 / BROOKS |
| ISIN | INE650L01011 |
Brooks Laboratories IPO comprises a total issue size of 63,00,000 shares. Out of which, 31,50,000 (50.00%) are allocated to QIB, 9,45,000 (15.00%) allocated to NII 22,05,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 31,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 9,45,000 | 15.00% | NA |
| Retail Shares Offered | 22,05,000 | 35.00% | 36,750 |
| Total Shares Offered | 63,00,000 | 100.00% |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,000 |
| Retail (Max) | 33 | 1,980 | ₹1,98,000 |
| S-HNI (Min) | 34 | 2,040 | ₹2,04,000 |
| S-HNI (Max) | 166 | 9,960 | ₹9,96,000 |
| B-HNI (Min) | 167 | 10,020 | ₹10,02,000 |
Incorporated in 2002, Brooks Laboratories Ltd is in the business of Pharmaceutical Contract Research & Manufacturing. Company manufactures wide range of products catering to critical care segment in Parental Section like Beta Lactam, Cephalosporin & General Dry powder Injectables, Ampoules and Liquid vials, Dry Syrups and Tablets etc.
Brooks Labs has manufacturing unit at Baddi, Himachal Pradesh. Company has a world class team to develop new molecules in injectables and clavulanic acid based products supported by sophisticated infrastructure for Research & Development. Brooks Labs is WHO-GMP and ISO 9000-2008 certified company.
The Indian pharmaceuticals industry is significantly developed in terms of infrastructure, technology and product range in recent years. The country now ranks among the top four worldwide accounting for 8% to 10% of world’s production by volume and 1.5% to 2% by value.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up our new manufacturing unit at JB SEZ Pvt Ltd, Panoli, Gujarat for manufacturing of various pharmaceuticals formulations. | |
| 2 | To meet Long Term Working Capital requirement | |
| 3 | To meet General Corporate Purpose: and | |
| 4 | To meet Issue Expenses and Listing of Shares on Stock Exchanges |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.5% | 60.77% |
| Market Cap | ₹161.86 Cr. |
The Brooks Labs IPO is subscribed 1.6 times on August 18, 2011 5:00:00 PM (Day 3). The public issue subscribed 3.36 times in the retail category, 0 times in the QIB category, and 2.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0 | 35,00,000 | |
| NII | 2.82 | 10,50,000 | |
| Retail | 3.36 | 24,50,000 | |
| Total | 1.6 | 70,00,000 |
ICRA has assigned an IPO Grade 2 to Brooks Laboratories IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Brooks Laboratories IPO Report
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees, Syndicate fee, underwriting and selling commission (including commission to SCSBs for ASBA Applications) | 1.42 |
| 2 | Advertising and marketing expenses | 0.25 |
| 3 | Printing and stationery, including transportation costs | 0.50 |
| 4 | Others (Filling fee with SEBI, BSE and NSE, Registrars fee, Legal fees, listing fees etc and Fees payable to Rating Agency, bidding software) | 0.75 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹100.00 | ₹100.00 |
| Open | ₹110.00 | ₹100.00 |
| Low | ₹57.75 | ₹58.15 |
| High | ₹131.10 | ₹131.60 |
| Last Trade | ₹60.20 | ₹61.50 |
Lead Manager Reports
Brooks Laboratories IPO is a main-board IPO of 63,00,000 equity shares of the face value of ₹10 aggregating up to ₹63 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 60.
The IPO opens on Tue, Aug 16, 2011, and closes on Thu, Aug 18, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Brooks Laboratories IPO using UPI as a payment gateway. Zerodha customers can apply in Brooks Laboratories IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Brooks Laboratories IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Brooks Laboratories IPO opens on Tue, Aug 16, 2011 and closes on Thu, Aug 18, 2011.
Brooks Laboratories IPO lot size is 60, and the minimum amount required for application is ₹6,000.
You can apply in Brooks Laboratories IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Brooks Laboratories IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Brooks Laboratories IPO allotment status.
The Brooks Laboratories IPO listing date is on Mon, Sep 5, 2011.
