Incorporated in 2007, Eris Lifescience Ltd is Ahmedabad, Gujrat based pharmaceutical company engaged in research, development, manufacturing and selling of select therapeutic areas within the chronic and acute categories of the Indian Pharmaceutical Market.
Eris product portfolio is primarily focused on therapeutic areas which require the intervention of super specialist and specialist doctors such as Diabetologists, Endocrinologists Cardiologists, and Gastroenterologists.
Eris products in the chronic category cater primarily to the therapeutic areas including cardiovascular, anti-diabetics and neurology, chronic respiratory and chronic pain (analgesics).
In acute category, the product portfolio includes vitamins, gastroenterology, anti-infectives, gynaecology, cute respiratory, acute pain (analgesics), hepatoprotectives, hormones, hematology, dermatology, anti-obesity products and products for injury healing.
Eris Lifescience own and operate a manufacturing facility in Guwahati, Assam. They also outsource the manufacturing of certain of its products to 20 manufacturers. Eris strong sales team comprised of 1,310 marketing representatives.
Eris Lifescience Strengths:
• Focus on branded prescription based pharmaceutical products catering to lifestyle related disorders
• Portfolio of high volume and leading brands
• Focus on metro cities and class 1 towns in India which have higher incidence of lifestyle disorders and concentration of specialists and super specialists
• Multi-faceted product selection and engagement model leading to growth in prescription
• Strong sales, marketing and distribution capabilities
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 The company will not receive any proceeds from the Offer and all the proceeds will go to the Selling Shareholders. | — |
| Metric | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Total Assets | 397 | 357 | 271 |
| Revenue | 597 | 546 | 509 |
| PAT | 135 | 89 | 71 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 21,543,750 (75%) | — |
| NII / HNI | — | 4,308,750 (15%) | — |
| Retail (RII) | — | 2,872,500 (10%) | — |
| Employee | — | 150,000 (1%) | — |
| Total | — | 28,875,000 (100%) | — |
* Amount calculated at upper price band (₹603) · ** Total includes all investor categories
- 1 Initiation of Refund 27 Jun 2017
- 2 Credit of Shares to Demat 28 Jun 2017
- 3 Lock-in Period (30%) July 23, 2017
- 4 Lock-in Period (50%) September 21, 2017
- Retail allocation is weak at 10% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 75%.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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