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IPO

Macleods Pharma picks Edelweiss, ICICI Securities, JPMorgan Chase as bankers for $1-B offering

Business Standard  

Macleods Pharmaceuticals Ltd has selected banks including Edelweiss Financial Services and ICICI Securities to manage its initial public offering. The 35-year-old company has also picked JPMorgan Chase & Co for the listing. The Mumbai-based company could raise about USD 1 billion from the listing. Macleods specializes in developing and manufacturing active pharmaceutical ingredients and finished-dosage pharmaceutical formulations. It manufactures nearly 25 billion units of finished dosages per year.