Laurus Labs Limited which had launched its simultaneous offer for sale and fresh issue was subscribed 4.57 times. The issue consisted of a fresh issue of Rs 300 crs and an offer for sale of 241.07 lakh shares in a price band of Rs 426-428. Earlier the company had allotted 92.38 lac shares to 25 Anchor Investors comprising of 43 entities. The price band of Rs 426-428 had the narrowest range amongst IPO’s in quite so many years.
The full details of the subscription are given below: –
| Bucket Size | Shares Applied for | Times oversubscribed | |
| QIB | 6174544 | 65061465 | 10.54 |
| HNI | 4623879 | 16545060 | 3.58 |
| Retail | 10783051 | 18014360 | 1.67 |
| Employees | 322834 | 552405 | 1.71 |
| Total | 21904308 | 100173290 | 4.57 |
