The initial public offering of Brooks Laboratories , a pharmaceutical contract research and manufacturing services company, has subscribed 1.6 times led by support from non-institutional and retail investors.The issue has received bids for more than 1.1 crore equity shares as against approximate issue size of 70-63 lakh equity shares at issue price band of Rs 90-100 a share.
Reserved portion of retail investors subscribed 3.36 times, with receiving bids for more than 82 lakh shares as against reserved portion of 24.5 lakh shares. Non-institutional investors' reserved portion subscribed 2.82 times.
The Rs 63-crore issue was opened for subscription during the August 16-18, 2011.
Brooks plans to set up a new manufacturing unit at JB SEZ Pvt Ltd, Panoli, Gujarat for manufacturing various pharmaceuticals formulations to the tune of Rs 51.8 crore. It also needs Rs 5 crore for long-term working capital.
Issue Subscription Detail / Current Bidding Status
| Number of Times Issue is Subscribed (BSE + NSE) | ||||||||||
| As on Date & Time | Qualified Institutional Buyers (QIBs) | Non Institutional Investors (NIIs) | Retail Individual Investors (RIIs) | Total | ||||||
| Shares Offered / Reserved | 3,500,000 | 1,050,000 | 2,450,000 | 7,000,000 | ||||||
| Day 1 - Aug 16, 2011 17:00 IST | 0.0000 | 0.0800 | 0.1900 | 0.0800 | ||||||
| Day 2 - Aug 17, 2011 17:00 IST | 0.0000 | 0.3300 | 0.6100 | 0.2600 | ||||||
| Day 3 - Aug 18, 2011 17:00 IST | 0.0000 | 2.8200 | 3.3600 | 1.6000 | ||||||
0 comments:
Post a Comment