Anus Laboratories IPO : Anus Labs IPO Subscription

Anu’s Laboratories IPO Subscription will begin soon. Anu’s Laboratories is proposing to enter the capital markets with an initial public offer (IPO) of 4 million equity shares of Rs 10 each with a price band to be decided through the Book Building Process.

About Anu’s Labs IPO : Anu’s Laboratories is incorporated in the year 1996 for manufacture of Bulk Active Pharma Ingredients and Intermediates for drug molecules and was promoted by Mr. K. Hari Babu. Mr. N.S. Walimbe joined as co-promoter in the year 1997.

IPO Grading of Anu’s Laboratories IPO : The company has appointed ICRA Limited for grading the proposed initial public offering of the Company. Pursuant to Clauses 5.6B.1 and 6.17.3A of the SEBI Guidelines. CRISIL has not yet announced the IPO Grade for the company.

The company likes to use the funds raised from the Anus IPO for expansion Plans and setup manufacturing capacity in Visakapatnam Andhra Pradesh.

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