Laurus Labs IPO
Laurus Labs Limited (LAURUSLABS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 19 December 2016.
Listed 19 Dec
Subscribed 4.57x
Listing gain +14.5%
Issue details
Price band
₹426–428
Issue price
₹428
Lot size
—
Min. retail bid
—
Issue size
₹1,334 Cr
Face value
₹10
Bidding
06 Dec – 08 Dec 2016
Listing
19 Dec 2016
Retail quota
35%
Registrar
Karvy Computershare Private Limited
Discount
Rs 40 for Eligible Employee Category only
Listing day
Listed at
₹490
+14.5% vs issue price ₹428
Day's high
₹498
+16.4% · low ₹475 (+11.0%)
Day's close
₹480
+12.2% · traded ₹846 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 61,74,544 | 6,50,61,465 | 10.5x | |
| NII (HNI) total | 46,23,879 | 1,65,45,060 | 3.58x | |
| Retail | 1,07,89,051 | 1,80,14,360 | 1.67x | |
| Employees | 3,23,834 | 5,52,405 | 1.71x | |
| Total | 2,19,11,308 | 10,01,73,290 | 4.57x |
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 Laurus Labs's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Jefferies India | 26 | +19.5% | 81% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Laurus Labs IPO price band and lot size? ₹426–428 per share.
How many times has it been subscribed? 4.57x overall: QIB 10.5x, NII 3.58x, retail 1.67x, employees 1.71x.
How did it list? It opened at ₹490, +14.5% against the issue price of ₹428, and closed its first day +12.2%.
Other IPOs of 2016
Sheela FoamGreenSignal Bio PharmaVarun BeveragesEndurance TechnologiesHPL Electric and PowerGNA AxlesL&T Technology ServicesRBL Bank
All 2016 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.
