What is the price band of the Eris Lifesciences IPO?

The price band is ₹600–603 per share, and the final issue price is ₹603.

What is the lot size of the Eris Lifesciences IPO?

One lot is 24 shares, so the minimum retail bid is ₹14,472 at the upper end of the price band.

When is the Eris Lifesciences IPO listing date?

The shares listed on 29 June 2017.

How many times was the Eris Lifesciences IPO subscribed?

It was subscribed 3.29x overall: QIB 4.68x, NII 0.45x and retail 3.51x (NSE and BSE together).

Eris Lifesciences IPO

Eris Lifesciences Limited (ERIS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 June 2017.

Listed 29 Jun Subscribed 3.29x Listing gain +1.3%

Issue details

Price band

₹600–603

Issue price

₹603

Lot size

24 shares

Min. retail bid

₹14,472

Max. retail bid

13 lots (₹1,88,136)

Issue size

₹1,741 Cr

Face value

₹1

Bidding

16 Jun – 20 Jun 2017

Listing

29 Jun 2017

Retail quota

10% (75% QIB issue)

Registrar

Link Intime India Private Limited

Discount

Rs 60 per Equity Share for Eligible Employee category only

Listing day

Listed at

₹611

+1.3% vs issue price ₹603

Day's high

₹628

+4.2% · low ₹593 (-1.6%)

Day's close

₹602

-0.2% · traded ₹434 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	86,17,500	4,03,67,832	4.68x
NII (HNI) total	43,08,750	19,37,736	0.45x
Retail	28,72,500	1,00,95,624	3.51x
Employees	1,50,000	1,29,720	0.86x
Total	1,59,48,750	5,25,30,912	3.29x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 16% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Eris Lifesciences's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
L&T Technology ServicesSep 2016	5.01x	1.03x	1.75x	2.53x	₹894 Cr	+7.0%	+8.3%
Tejas NetworksJun 2017	2.16x	0.48x	3.10x	1.88x	₹803 Cr	0.0%	+5.6%
Varun BeveragesOct 2016	4.94x	0.42x	0.82x	1.86x	₹1,112 Cr	-3.4%	+6.0%
Precision CamshaftsJan 2016	2.62x	0.73x	2.01x	1.91x	₹424 Cr	-11.3%	-0.5%
CL EducateMar 2017	3.65x	0.21x	1.63x	1.90x	₹239 Cr	-19.9%	-15.9%
HealthCare Global EnterprisesMar 2016	2.36x	0.43x	0.83x	1.56x	₹650 Cr	-3.6%	-2.8%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Axis Capital	107	+20.4%	73%
Citigroup Global Markets India	35	+14.2%	63%
Credit Suisse Securities (India)	11	+15.6%	82%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Eris Lifesciences IPO price band and lot size? ₹600–603 per share, with a lot of 24 shares, so the smallest retail bid is ₹14,472.

How many times has it been subscribed? 3.29x overall: QIB 4.68x, NII 0.45x, retail 3.51x, employees 0.86x.

How did it list? It opened at ₹611, +1.3% against the issue price of ₹603, and closed its first day -0.2%.

Other IPOs of 2017

Astron Paper & Board Mills Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.