India: Dr Lal PathLabs, Alkem Labs IPOs launch on higher side of price band

India: Dr Lal PathLabs, Alkem Labs IPOs launch on higher side of price band

A man, holding a mobile phone, walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai

Two more initial public offerings (IPOs) have launched this week. Alkem Laboratories Ltd and Dr Lal PathLabs are both accessing the primary market in issue sizes of up to Rs.1,350 crore and Rs.638 crore, respectively. Both companies are entering the listed space through an IPO to give existing promoters and investors a chance to sell some stake.

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