Anu’s Laboratory IPO coming soon
Have you heard of Anu’s laboratory? It’s hyderabad based company and market leader in producing Dichloro-5-Fluoro Acetophenone, or DCFA, a key intermediate for ciprofloxacin. The company has over 60% market share in the country. Anu’s Laboratories has filed draft red herring prospectus with Sebi to raise around Rs 800 million from the capital markets.
The company plans to deploy the proceeds raised from the initial public offering to set up an intermediary plant and contract research facility at Pharma City in Visakhapatnam.
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