Laurus Labs Limited which is tapping the capital markets with its simultaneous offer which includes a fresh issue for Rs 300 crs and an offer for sale of 241.07 lakh shares completed its anchor allocation. The price band of the issue is Rs 426-428. The company allotted 92,38,385 equity shares to 25 anchor investors comprising of 43 entities. The highest allotment was made to Nomura of 5,04,665 shares or 5.46%. The list is fairly extensive and includes marquee names.

The issue has opened on Tuesday the 6th of December and closes on Thursday the 8th of December. There is no doubt on the prospects of the company going forward. The only concern emanating from reports from various brokerages and newspaper analysis is the valuation of the company. Some believe it is very expensive and some richly valued.

Take your pick and decide.