December 16, 2015 / 7:01 AM / 4 years ago

Alkem Laboratories prices $200 mln IPO at 1,050 rupees per share

A person counts rupee notes in Ahmedabad, India, May 6, 2015. REUTERS/Amit Dave/Files

MUMBAI (Reuters) - Generics drugmaker Alkem Laboratories raised 13.5 billion rupees ($201.88 million) in its initial public offering after pricing shares at 1,050 rupees each, according to its prospectus.

Pricing was at the top end of its 1,020-1,050 rupee price band.

Alkem is expected to list on exchanges on or before Dec. 29, according to a source familiar with the listing. The IPO was subscribed 44.3 times.

($1 = 66.8700 Indian rupees)

Reporting by Karen Rebelo in Mumbai; Editing by Subhranshu Sahu

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