Mumbai-based drugmaker Alkem Laboratories Ltd is making its Rs. 1,344-crore public offer from December 8-10.
The company is placing over 1.28 crore shares on the block through an offer for sale by its selling shareholders, the company said in a public advertisement today.
Each equity share has a face value of Rs. 2 and is priced at Rs. 1,020-Rs 1,050. The offer includes a reservation of 2,98,913 shares for employees, who receive a discount of Rs. 100 on the final offer price. The total offer constitutes 10.75 per cent of the post-offer paid-up capital of the company. The total offer size is between Rs. 1,305 crore - Rs. 1,344 crore.
The shares will be listed on the BSE and NSE. Nomura Financial Advisory and Securities India, Axis Capital, JP Morgan India and Edelweiss Financial Services are the merchant bankers to the issue.
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