Jainam Wealth recommend 'Avoid' on the Laurus Labs IPO

Jainam Research | July 13, 2015, midnight


We at Jainam Wealth recommend our Investors to “AVOID” to the Laurus Labs Ltd IPO. considering only ARVs, Hepatitis C & Oncology contributing 92% in FY16, top 5 customers contributing 68% of revenue, lower profitability margins and higher debt level.

 

Price Band Rs.426 - 428. Issue open on 06th December and close to 08th December. Market Lot 35 Shares.


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