Pharma company Laurus Labs will launch its initial public offering (IPO) next week and it has fixed the price band at 426–428 per equity share. The IPO is scheduled to open on December 6 and close on December 8, the company said on Tuesday. The offer consists of fresh issue of equity shares aggregating up to ~300 crore and an offer for sale of 24,107,440 equity shares. The selling shareholders are Aptuit Asia Pvt Ltd, Bluewater Investment Ltd, FIL Capital Management and Fidelity India Principals.
We will provide more updates on the issue through the comments form and you can see update on latest IPOs in India here.