Anu Laboratories Ltd.- IPO Open today

Anu’s Laboratories Limited opened today for subscription.
Issue Period May 12, 2008 to May 15, 2008
Issue Size 3820000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs. 200 /- to Rs. 210 /-
Tick Size Re. 1/-
Market Lot 30 shares
Minimum Order Quantity 30 shares
Maximum Subscription Amount for Retail Investor Rs.100000
Anu Labs Valution
Anu’s Laboratories which has set its price band of Rs 200 gives the P/E of 17.8x times the EPS of Rs 11.3 for the year ending March 2007 (FY 2007) on post-issue equity of Rs 12.08 crore. At the upper band of Rs 210 per share, the P/E would be 18.7x times compared to march 2007 results. compared to other company like Neuland Labs, Aarti Drugs and SMS Pharma have TTM P/E of around 9.5, 4.8 and 10.4, respectively.