Alkem Laboratories plans to raise Rs. 1,500-3,500 crore via IPO

A report says that the company is expected to be valued at around Rs 15,000 crore.

Aug 03, 2015 12:08 IST India Infoline News Service

Alkem Laboratories is reportedly planning to raise an estimated Rs. 1,500-3,500 crore through an initial public offering.
A report says that the company is expected to be valued at around Rs. 15,000 crore.
The company will file its draft paper with capital market regulator Securities and Exchange Board of India (Sebi) to float an IPO, says report.
The move follows the blockbuster IPO of Syngene International, biotechnology major Biocon's research arm.

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